Insurance Products

Whole Life Insurance

Quality life insurance coverage that only grows in value.

Find an Agent

Customize a Permanent Plan that Meets Your Insurance Needs

Whatever your family’s life insurance needs, let your Farm Bureau® Insurance Agent build the right plan for you. Start with a permanent life policy which is the foundation of any life insurance plan and then add term coverage if there are temporary needs.

Permanent Life Plans

With a permanent life policy from Southern Farm Bureau® Life Insurance Company (SFB), you are covered to age 120.

Permanent life policies pay a death benefit to the beneficiary at the insured’s death. Securing your family’s financial future at your death is a responsibility that should be taken seriously.

In addition to providing a death benefit, permanent life insurance can grow in cash value. This cash value can help with college costs, a down payment on a new home, or be taken as a policy loan when an emergency arises. You may be able to annuitize the cash value to supplement your retirement income.

Whole Life Insurance

  • Premiums are guaranteed and level to age 100.

20 Pay Life

  • Premiums are guaranteed and level for 20 years.
  • Assuming that premiums are paid on time and there are no outstanding loans, the policy will be paid up.

30 Pay Life

  • Premiums are guaranteed and level for 30 years.
  • Assuming that premiums are paid on time and there are no outstanding loans, the policy will be paid up.

Single Premium Whole Life

  • One lump sum premium is paid at inception of the policy. No future premiums are needed or allowed.
  • No riders (except Accelerated Benefit Rider) are allowed with this policy.

Riders Available on the Primary Insured

10 Year Term Premium Rider

  • Level death benefit
  • Premiums are guaranteed and level for for 10 years
  • Convertible to a fixed premium permanent life insurance policy without proving insurability in first 5 years
  • Non-participating in dividends*

20 Year Term Premium Rider

  • Level death benefit
  • Premiums are guaranteed and level for 20 years
  • Convertible to a fixed premium permanent life insurance policy without proving insurability in first 10 years
  • Non-participating in dividends*

10 Year Participating Term Rider

  • Level death benefit
  • Premiums are guaranteed and level for 10 years
  • Convertible to a fixed premium permanent life insurance policy without proving insurability in first 7 years
  • Participates in dividends*

20 Year Participating Term Rider

  • Level death benefit
  • Premiums are guaranteed and level for 20 years
  • Convertible to a fixed premium permanent life insurance policy without proving insurability in first 15 years
  • Participates in dividends*

Single Premium Paid Up Additional Rider

  • Single Premium paid at issue of the base policy
  • Permanent Paid-Up Insurance with a level death benefit to age 100 or until base plan otherwise terminates
  • Participates in dividends*

Term Riders Available on the Spouse

10 Year Premier Spouse Term Rider

  • Level benefit
  • Premiums are guaranteed and level for 10 years
  • Convertible to a fixed premium permanent life insurance policy without proving insurability in first 5 years
  • Non-participating in dividends*

20 Year Premier Spouse Term Rider

  • Level benefit
  • Premiums are guaranteed and level for 20 years
  • Convertible to a fixed premium permanent life insurance policy without proving insurability in first 10 years
  • Non-participating in dividends*

Term Riders Available on Children

A Children’s Term Rider (CTR) offering $20,000 of life insurance protection may be available to be added to your policy. The CTR charges one level premium regardless of the number of children insured by the rider.

All eligible children and future unborn children, after reaching 15 days old, are covered. The CTR protects the child’s insurability and can be converted, without a health exam or underwriting, to a fixed premium permanent plan of insurance for up to five times the coverage amount of the CTR. This option to convert is available subject to the provisions in the contract. Each child’s coverage terminates on the earlier of the child’s 25th birthday or rider expiry.

Other Benefits Available

Accelerated Benefit Rider (ABR)

Accelerated Benefit Rider (ABR) allows the insured to acquire a portion of the policy benefits in the event of terminal illness. The death benefits will be reduced by the amount accelerated. Any benefits received under the ABR may adversely affect your eligibility for public assistance programs; and the benefits received under this rider may be taxable.

Waiver of Premium Agreement (WP)

Waiver of Premium Agreement (WP) protects the insured in the event of disability occurring before age 60, as described in the policy contract, waiving the premiums during your disability. This benefit is available for an additional premium and subject to underwriting approval.

Premium Insurance

Premium Insurance (Payor Death or Death/ Disability) waives premiums coming due after the death or during the total disability of the Premium Payor until the Insured child reaches age 25. This benefit is available for an additional premium and subject to underwriting approval.

Guaranteed Insurability Option (GIO)

Guaranteed Insurability Option (GIO) guarantees the owner the option to purchase an additional Whole Life policy on the insured without proving insurability at each option date. This rider is only available for insureds up to age 37 and is available for an additional premium.
*GIO options can have multiple option dates depending on when purchased per policy contract, see policy contract for details.

Dividends* Can Enhance a Permanent Policy

Dividends may be earned after the first policy year. Dividends are not guaranteed by SFBLI, but when earned, may increase the policy cash value and death benefit. The policy owner has several options on how they are applied.

Options include:

  • Paid-up Additional Insurance that goes towards increasing the death benefit and the policy’s cash value.
  • Leave on the policy earning interest.
  • Paid in cash directly to the owner.
  • Apply to the annual or semi-annual premium, which reduces the amount you pay out of pocket.

*Dividends are not guaranteed and are based on the Company’s experience on investment earnings, mortality, expenses and taxes.


Want to learn more about what permanent life insurance policy is right for you? Contact a Farm Bureau Insurance agent today to get a FREE, no risk quote.

Download the Mobile Agent App

Mobile Agent offers on-the-go convenience with 24/7 access to account information. Review your policies, report a claim, contact a local agent, or request emergency roadside assistance — all with a few taps of your screen.