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How to Choose a Policy

Making it easy to see what coverage is right for you and your family.

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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


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
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.

Calculate Your Life Insurance Needs

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MOBILE agent offers on-the-go convenience with 24/7 access to account information. Review your policies, report a claim, contact a local agent, or request emergency roadside assistance — all with a few taps of your screen.