Generation Builder II Life Insurance
Generation Builder II provides whole life insurance coverage for your children or grandchildren for their entire lifetime.
Life insurance is one of the greatest lifetime gifts you can give to your child or grandchild and our Generation Builder II life insurance policy combines the benefits of a 10-Pay AllLife policy with a Guaranteed Purchase Option rider and a simplified application. Policy features include:
Level premiums ― payments remain the same for just 10 years, at which time no additional premiums are due.
Tax-deferred growth ― cash values accumulate on a tax-deferred basis and the policy owner may borrow against the cash value according to the terms of the policy.
Guaranteed protection ― your child or grandchild is guaranteed1 seven opportunities to purchase additional life insurance in the future, up to the face amount of the policy, but not to exceed $50,000 each time, regardless of his/her health or occupation. Coverage cannot be cancelled as long as premiums are paid.
If the Payor Death or Disability Rider is added, if you, as the payor of the policy premiums, die before age 65 or become totally disabled for more than 90 consecutive days before age 65, premiums will be waived until the child’s 23rd birthday.
If you become disabled prior to age 65 and the disability continues for 90 or more consecutive days, premiums will be waived until you are no longer disabled, or the policy anniversary following the insured child’s 23rd birthday, whichever is earlier.
Talk to a Farm Bureau agent today to learn more about how you can protect your children and grandchildren with guaranteed1 life insurance coverage. Find a Farm Bureau agent now.
1 The guarantees expressed here are based on the claims-paying ability of Farm Bureau Life Insurance Company.
IMPORTANT: The information and material contained on this Web site is not an offer to sell or a solicitation to buy any security or any insurance product in any jurisdiction. No security or other insurance product is offered or will be sold in any jurisdiction in which such offer or solicitation purchase or sale would be unlawful under the securities, insurance or other laws of such jurisdiction. Not all products are available in all states. Exclusions, limitations and reductions may apply. This Web site briefly highlights Farm Bureau's insurance policies and their benefits. The contract is contained only in the policy. Farm Bureau products are offered by Farm Bureau agents -- for more information about any Farm Bureau product, please contact your local agent or nearest office using the Agent Locator.