Universal Life Insurance

Universal Life Insurance

Life is full of unexpected twists and turns. Universal life insurance provides the flexibility you need to navigate your journey. It is a form of whole life insurance that covers you throughout your lifetime, but along the way you can adjust things like your premium payments and death benefits1 to meet your current needs and goals.

What is Universal Life Insurance?

Your policy builds accumulated value – based on premium payments you make – that you can borrow against while you’re still around to enjoy it. You can use your policy’s accumulated value for purchasing a home, starting a business, or even funding your retirement, making this a key component of your overall financial plan. Just remember that taking loans or withdrawals2 against the accumulated value could impact the amount of your death benefit.

Our universal life policies offer features and benefits unlike other whole life policies. Your agent can help you choose the policy1 that fits your needs and budget.

Foundations Universal Life

Flexible protection and flexible payments make universal life insurance different from other types of life insurance. If you’re looking for a way to protect your family or business from the uncertainties of life while continuing to put money away on a tax-advantaged basis2, Foundations Universal Life may be a good fit for you.

Foundations Indexed Universal Life

With an indexed universal life policy, you’ll have all the benefits of universal life insurance, and the added option to grow your accumulated value by taking advantage of potential gains in the market.3 Our Foundations Indexed Universal Life can help you build a financial foundation to use in your retirement years.

Universal Life with Secondary Guarantee

When you want whole life insurance at term life insurance rates, Universal Life with Secondary Guarantee may be the product for you. As long as your planned premiums are paid on time, your policy will remain in force to your desired age (up to age 121!). 

Your Farm Bureau agent can help - we're with you for life. Connect with a Farm Bureau agent to learn more about life insurance that can benefit you while you are living. Your agent will provide a customized quote and will help you find discounts to keep your premiums affordable.

It’s your future. Let’s protect it.®

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1Additional costs are associated with an increase in coverage and may require additional underwriting. Increases in specific amounts may trigger new surrender charges and surrender charge periods, but decreases to specified amounts may not reduce surrender charges. 2Withdrawals may be subject to fees and/or considered a taxable event. Any loans from the policy’s accumulated value will reduce the accumulated value and death benefit if the borrowed funds, plus interest, are not repaid by the time of your death. 3This policy does not directly participate in any stock, bond or equity investments.

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