What Life Insurance Policy is Right For You?
Below is a chart that outlines the basic differences between Term and Whole Life Insurance policies. This guide can help you determine what plan is right for you and your family, but the best way is to contact a Farm Bureau Insurance® agent. Click here to find an agent close to you.
| Term Life | Whole Life | |
|---|---|---|
| Advantages | Simple
Affordable |
Lifetime Coverage
Access to cash value |
| Purpose | Short-term coverage needs | Long-term coverage needs |
| Premiums | Can increase periodically OR be guaranteed level for the duration of the policy |
Level |
| Guaranteed Cash Value | No | Yes |
| Death Benefit | Yes | Yes |
| Available Policies | •10 Year Term Premier •20 Year Term Premier •30 Year Term Premier |
•20 Pay Life •30 Pay Life •Whole Life •Single Premium Whole Life |
Calculate How Much Life Insurance You May Need
Completing the information can help provide an estimate of the amount of life insurance that may be needed. The form on the following link is just an estimate of the amount of insurance you need and is not a contract or an offer of life insurance.
