Life Insurance
When your life changes, we'll be there.

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Life insurance is one of the most important purchases you’ll ever make. And, we’re willing to bet it does more for you (and your family) than you even realize.


Life insurance can:

  • Pay final expenses related to funeral and burial costs
  • Pay off outstanding debt, including car, credit cards and mortgage
  • Pay for your children's future educational expenses
  • Help pay the bills and ongoing living expenses for your spouse and family
  • Help continue the operations of a family-owned business

Your local agent can assist you in determining which policy suits your current and future individual and family needs.



Term Life Insurance

Term life insurance is a cost-effective way of providing financial protection for your family for a specific period of time. It provides "pure" insurance protection but does not have the cash value feature typically found in permanent life insurance policies.

As your financial condition changes, you'll have the option of converting your term policy to permanent or return of premium insurance without furnishing any additional evidence of your insurability.*
*Subject to guidelines in each policy

The 10, 20, 30, and to-age-65 Level Term policies were created to give you life insurance with a guaranteed level premium for your specific term period.

Return of Premium Life Insurance

The 20 and 30 Return of Premium policies were created to give you life insurance with a guaranteed level premium and the option to get a return of premium back at the end of the term period—tax free.

Simplified underwriting is also available on the 20 year Return of Premium policy. Simplified underwriting requires answers to only four underwriting questions. No routine medical exams, blood tests or physician’s statement required.


  • Guaranteed level premiums
  • Guaranteed level death benefit

Two options at the end of the term period:

  • Guaranteed return of premium option* or
  • Reduced Paid Up Endowment to age 95 option with no additional premium required

*Return of premium (cash value) at the end of the 20th or 30th year is equal to 20 or 30 times the initial annual base policy premium, regardless of how premium is paid. Any additional premiums paid for riders, benefits, or ratings will not be returned at the end of the term period.

Permanent Life Insurance

Permanent life insurance includes plans that don’t expire (unlike term life insurance) and combine a death benefit with a savings portion. This savings portion can build a cash value against which you can borrow funds, or in some instances, withdraw the cash value to help meet future goals. The two main types of permanent life insurance are whole and universal life insurance policies.

Permanent life insurance policies enjoy favorable tax treatment (based on current tax laws). The growth of cash value is generally on a tax-deferred basis, meaning that you pay no taxes on any earning in the policy so long as the policy remains active.

Graded Death Benefit

Indiana Farm Bureau Insurance offers Graded Death Benefit Whole Life Insurance—which, might sound like a mouthful, but is actually the fastest, easiest way to purchase life insurance. Graded Death Benefit is just as it sounds, a graded benefit whole life insurance policy that features a streamlined application process.

Whole Life Insurance Issued Within Days

When you sign on for this policy your agent will ask you a series of simple questions about your health and within days a Graded Death Benefit Whole Life Insurance policy should be yours.

Enjoy All the Benefits Whole Life Insurance Has to Offer

If you are between the ages of 25 and 80 and have delayed purchasing life insurance or have it and are considering buying more in the future, you will be pleased to know that Graded Death Benefit Whole Life offers the major benefits of most whole life insurance policies. It is available in face value amounts of $5,000 to $25,000. In addition, the policy accumulates guaranteed cash values on a tax-deferred basis.* This could provide you an immediate source of money by borrowing against the policy or surrendering it.**
*  Based on current tax laws
** After the first policy anniversary

Whole Life

A whole life insurance policy from Indiana Farm Bureau Insurance provides families the opportunity to accumulate cash on a tax-deferred basis.* This policy can earn dividends in addition to the policy's guaranteed cash values.** Meanwhile, the death benefit provided by the policy is guaranteed not to be less than the initial amount of insurance purchased.

Find the Program for You and Retire Comfortably

The cash generated by a whole life insurance policy (accumulated on a tax-deferred basis*) can be used to help provide additional funds in order for you to enjoy a comfortable retirement; or it can be set-aside for special occasions or financial emergencies.

Simplified underwriting is also available with these policies. Simplified underwriting requires answers to only four questions. No routine medical exams, blood tests or physician's statements required.
*  Based on current tax laws
** Dividends are not guaranteed

Single Premium

The Single Premium is a wise and safe way to set aside a substantial amount of cash from an investment that has matured, an inheritance gift, or the sale of a valuable asset. The policy requires only one premium payment, provides life insurance, and accumulates cash on a tax-deferred basis.*

Cash Access, Without the Wait

In addition to tax-free death benefits and tax-deferred financial growth,* a significant advantage of the Single Premium is that policyholders have access to their cash from the first day their policy is in force. Should an emergency arise, loans may be obtained against the cash value of the policy at competitive interest rates.**

For example, a Single Premium policy with a one-time premium payment of $10,000 could accumulate enough cash to help pay for a child or grandchild to go to college (if the policy is issued at an early age). If maintained until age 65, it could then help provide the child with a comfortable retirement, too.***
*   Based on current tax laws
**  Not guaranteed
*** If this policy is a MEC, loans will be subject to income taxation. Distributions prior to age 59 ½ also are subject to a 10% IRS penalty. Please contact your tax advisor.

Riders and Benefits

A rider is an attachment to an insurance policy that alters the policy's coverage or terms. You may add riders and benefits to your existing policies or new policies purchased for added benefit at a very reasonable cost.

Give the Gift of Security

Sure, it might not sound like the flashiest gift around, but life insurance is a gift children will never outgrow. It is a gift of security and the start of a solid financial future. Indiana Farm Bureau Insurance's Child Rider allows you to add life insurance protection for your children to your life insurance policy at a very reasonable cost.

Guaranteed Insurability

Many people take life insurance for granted, but the reality is, not everyone qualifies for it. But you can change that—with a Child Rider from Indiana Farm Bureau Insurance, when your child reaches age 25, the face amount of the rider can then be converted* to a permanent life insurance policy of the child's own, without physical examination or proof of insurability. Which means you can lock in the future insurability of your child, today.
* The child must convert this policy on or within 30 days of their 25th birthday.

Crisis and Health Care

We are dedicated to preparing our policyholders for the possibility of major expenses associated with medical emergencies and nursing home care. A Crisis Care or Health Care Rider can guarantee access to a ready source of cash to prevent a devastating financial situation if unexpected medical emergencies or nursing home expenses arise.

Protection from Unexpected and Additional Medical Expenses

More than likely, your health insurance program will cover expenses directly associated with most medical procedures, but it won’t provide your monthly mortgage payments, pay your bills, or put food on the table. A Crisis Care Rider attached to a whole life policy will pay you up to 25% of the face amount of the policy if you experience any of seven major medical emergencies including a heart attack, coronary bypass, stroke, cancer, or organ transplant.*
* Per current IRS regulations, benefit amounts may be taxable. See your tax advisor.

Protect Your Estate if You Have Nursing Home Care Costs

Health Care Rider added to a whole life policy can help you pay for nursing home care without greatly diminishing the value of your estate. It will pay you up to 50% of the face value of your policy, in monthly installments, to help cover the costs of nursing home care, home health care, and adult day care.*
* Per current IRS regulations, benefit amounts may be taxable. See your tax advisor.

Waiver of Premium

Though we hope it never does, an unexpected disability could prevent you from working and making payments on your bills. Our Waiver of Premium Rider is an inexpensive way to help insure that payments continue to be made on your life insurance if you become disabled for a period of six months or more.

For a small additional fee, our Waiver of Premium Rider is available on virtually every life insurance policy Indiana Farm Bureau Insurance offers. When certified as being totally disabled, we will waive all payments on your life insurance during the period of time you are disabled, without any penalty.


Need to make a payment or check on a claim?  With the Indiana Farm Bureau Insurance Online Account Manager, you can get the information you need - when you want it.  Have more questions? Contact Customer Service by phone or email.


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