Health & Fitness
Protection for Today – Guarantees for Tomorrow
Did you know September is Life Insurance Awareness Month? Let me share with you one of my favorite policies that gives your famly protection for today and guarantees for tomorrow.
Return of Premium Term life insurance is a unique policy that offers the best of both worlds. You get the affordable coverage of term life insurance with the guarantees1 and liquidity of permanent life insurance.
With Return of Premium Term life insurance, you can provide the financial protection your loved ones may need upon your death … or get a full return of your base premiums2 if you live to the end of the coverage period you select. Those funds are received tax-free and can be used how you choose – to supplement your retirement, fund your child’s college, pay personal expenses or purchase additional life insurance coverage. Either way, this product can benefit you and your family.
Additional features of our Return of Premium Term life insurance include:
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• 20-year or 30-year coverage period options
• Level premiums throughout the coverage period selected
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• Access to your policy’s cash value if necessary, without loan provisions
• The ability to convert to a permanent life policy without a medical exam
• Access to a portion of the policy’s death benefit if diagnosed with a qualifying terminal illness
If you’re healthy, expect longevity and are looking for greater value and simplicity in providing for your loved ones, Return of Premium Term life insurance may provide the coverage and guarantees you want, with the ease and affordability you need.
1 The guarantees expressed in this article are based on the claims-paying ability of Farm Bureau Life Insurance Company. 2 The amount of the lump-sum payment (endowment benefit) is equal to the number of years in the initial level premium period times the base policy premium (excluding any substandard premium, modal expense factors and premiums for riders).
Tips brought to you by Farm Bureau Financial Services. For more information about products and services, call Shane Blanchard at 515 528 2319.
Securities & services offered through FBL Marketing Services, LLC+, 5400 University Ave., West Des Moines, IA 50266, 877/860-2904, Member SIPC. Farm Bureau Property & Casualty Insurance Company+*, Western Agricultural Insurance Company+*, Farm Bureau Life Insurance Company+*/West Des Moines, IA. +Affiliates *Company providers of Farm Bureau Financial Services