Thanks for visiting our site.

It looks like you’re about to view a page that includes products we don’t offer in your state. You’re welcome to continue on the site anyway, or find a local agent to learn more about products and services available in your state and how an annual review can check to ensure your coverage is keeping up with your busy life.

Farm Bureau Financial Services Agent

Thanks for your interest!

I want to help you protect your auto, home, farm or business. Give me a call or send me a message to set up a time to talk.

My Zip Code: (change)
Term vs Perm

Term vs. Perm: Insurance Needs Change Throughout Life

October 27, 2014

No matter what kind of life insurance you have, its purpose is to protect the financial future of your family or business upon your death. But, how do you know whether a term or permanent policy is right for you? 

Term Life Insurance provides protection for a set period of time. It is typically the least expensive type of life insurance because when the time period is up, the coverage expires. 

Permanent Life Insurance (also called whole life insurance) provides guaranteed1 protection for your entire lifetime. It also gains cash value you can borrow against to cover financial needs while you’re living. 

Both term and permanent life insurance have their advantages during the various stages of your life. Your local agent can help you understand the options and select the option that fits your needs.


1 The guarantees expressed in this article are based on the claims-paying ability of Farm Bureau Life  Insurance Company.
2 Neither the Company nor its agents give tax, accounting or legal advice. Please consult your  professional advisor in these areas.