Life Insurance - Protection For Your Loved Ones

Whole Life Insurance:

• Provides coverage for the entire lifetime of the insured. Unlike term life insurance, which offers coverage for a specified period (such as 10, 20, or 30 years), whole life insurance guarantees a death benefit to the beneficiary no matter when the insured passes away.
• In addition to offering lifelong coverage, whole life policies accumulate a cash value over time, which can be borrowed against or used to pay premiums. The premiums for whole life tend to be higher than those for term life insurance, but this is because the policy is designed to last for life and provides the added benefit of cash value accumulation and guaranteed death benefit.
• Whole life insurance is suitable for individuals who want to ensure long-term financial protection for their loved ones, generational wealth, and may also serve as a savings or investment tool over time.

Click the Indiana Farm Bureau Life Insurance Calculator to determine how much coverage your family needs.