"Life Insurance Myths Revealed
Don’t let common misconceptions about life insurance keep you from securing adequate
coverage. Here, we dispel the myths and uncover the truths about the need for life
insurance.
Myth 1. Life insurance is expensive. If you think you can’t afford life insurance, imagine
how your family would make ends meet without your income. The cost of life insurance
depends on the type and amount of coverage. Term life insurance is generally more
affordable than permanent life insurance, and provides coverage for a specified period of
time. Permanent life insurance provides guaranteed1 protection for your lifetime, while
building cash value2 you can borrow against for your financial needs.
Myth 2. Only families with young children need life insurance. Families with young
children have a need for life insurance, but other reasons for having life insurance include
taking care of costs associated with your death, such as funeral expenses or outstanding
debts. Life insurance proceeds can also provide income for a spouse or financial support
for family members.
Myth 3. Children don’t need life insurance. There are several good reasons to buy life
insurance for children. It guarantees insurability and, in some cases, provides
opportunities to purchase additional coverage in the future. Premiums are also generally
lower. Your Farm Bureau life insurance policy may offer a children’s term rider, which
provides term life insurance for each qualifying child, age 7 days to 23 years.
Myth 4. Term life insurance can’t be converted to permanent life insurance. Some term
policies are renewable up to a certain age, but the cost of renewing or purchasing term
coverage increases as you age or experience health problems. Most term policies allow
you to convert coverage to a permanent policy after a certain time period, and often
without additional health assessment. Your Farm Bureau agent can help you select the
right type and amount of life insurance to meet your needs. Contact your agent today or
visit www.fbfs.com for more information.
1 The guarantees expressed here are based on the claims-paying ability of Farm Bureau Life Insurance Company.
2 Universal Life with Secondary Guarantee insurance is not designed for cash value accumulation.
Tips brought to you by Farm Bureau Financial Services. For more information about products and
services, call Tammy at (515) 957-1524 or Chris at (515) 957-1616.
Securities & services offered through EquiTrust Marketing Services, LLC+, 5400 University Ave.,
West Des Moines, IA 50266, 877/860-2904, Member SIPC. Farm Bureau Property & Casualty Insurance
Company+*, Western Agricultural Insurance Company+*, Farm Bureau Life Insurance Company+*/West
Des Moines, IA. +Affiliates *Company providers of Farm Bureau Financial Services
"
Wednesday, April 25, 2012
Wednesday, April 18, 2012
"Just Married … and Properly Insured
Spring is a popular time of the year for wedding bells to ring. If you’re planning to tie the
knot or know someone who is, make sure updating insurance coverages is added to the
to-do list.
Life Insurance
Now is a good time to consider purchasing life insurance, or making sure your current
coverage is appropriate. Add your new spouse as a beneficiary on your policy by
downloading the Beneficiary Designation - Life form from www.FBFS.com. Fill it out
and mail it in.
Homeowners & Auto Insurance
Make sure your homeowners insurance or renters coverage protects your newly
combined assets in case of unexpected loss. Update your auto insurance so you and your
spouse are covered under the same policy.
Keep Documents Current
Keep legal, financial and insurance documents up-to-date and in a safe location. As your
life changes it’s important to regularly review your insurance coverages. Call today to
schedule an appointment with your Farm Bureau agent.
Source: National Center for Health Statistics, 2009 Schedule of NCHS Statistical Products and Reports,
www.cdc.gov, visited March 26, 2010.
Tips brought to you by Farm Bureau Financial Services. For more information about products and
services, call Tammy at (515) 957-1524 or Chris at (515) 957-1616.
Securities & services offered through EquiTrust Marketing Services, LLC+, 5400 University Ave.,
West Des Moines, IA 50266, 877/860-2904, Member SIPC. Farm Bureau Property & Casualty Insurance
Company+*, Western Agricultural Insurance Company+*, Farm Bureau Life Insurance Company+*/West
Des Moines, IA. +Affiliates *Company providers of Farm Bureau Financial Services
"
Spring is a popular time of the year for wedding bells to ring. If you’re planning to tie the
knot or know someone who is, make sure updating insurance coverages is added to the
to-do list.
Life Insurance
Now is a good time to consider purchasing life insurance, or making sure your current
coverage is appropriate. Add your new spouse as a beneficiary on your policy by
downloading the Beneficiary Designation - Life form from www.FBFS.com. Fill it out
and mail it in.
Homeowners & Auto Insurance
Make sure your homeowners insurance or renters coverage protects your newly
combined assets in case of unexpected loss. Update your auto insurance so you and your
spouse are covered under the same policy.
Keep Documents Current
Keep legal, financial and insurance documents up-to-date and in a safe location. As your
life changes it’s important to regularly review your insurance coverages. Call today to
schedule an appointment with your Farm Bureau agent.
Source: National Center for Health Statistics, 2009 Schedule of NCHS Statistical Products and Reports,
www.cdc.gov, visited March 26, 2010.
Tips brought to you by Farm Bureau Financial Services. For more information about products and
services, call Tammy at (515) 957-1524 or Chris at (515) 957-1616.
Securities & services offered through EquiTrust Marketing Services, LLC+, 5400 University Ave.,
West Des Moines, IA 50266, 877/860-2904, Member SIPC. Farm Bureau Property & Casualty Insurance
Company+*, Western Agricultural Insurance Company+*, Farm Bureau Life Insurance Company+*/West
Des Moines, IA. +Affiliates *Company providers of Farm Bureau Financial Services
"
Wednesday, April 11, 2012
"Creating a Family Emergency Plan
Mother Nature is unpredictable, and this time of year often creates threatening weather.
Because we can’t foresee when the next flood, tornado or fire may occur, it’s a good idea
to have an emergency plan in place. Here are some tips for preparing for the unexpected.
Develop a family communication plan
Your family may not be together when a disaster occurs, so plan in advance how you’ll
contact one another in different situations. Designate a long-distance friend or relative for
each family member to contact in the event of an emergency, as it may be easier for that
person to communicate among separated family members. Be sure each person knows the
phone number of the emergency contact.
Plan and practice escape routes
In the event of a fire, immediate escape is essential. It takes only minutes for a house to
fill with smoke and become engulfed in flames. The U.S. Fire Administration
recommends planning two ways out of each room in yo ur home, and regularly practicing
escape plans. Make sure each family member knows the safest route out of the house, and
that young children are able to open windows and doors. Once out of the house, meet in a
designated location and wait for help to arrive.
Take inventory of your belongings
Create a list of valuable items in your home, such as electronics, appliances, furnishings
and collectibles. In the event of a disaster, remembering the contents of your home and
their value will be important in determining your total loss.
While it’s not possible to predict or prevent all natural disasters, being prepared can help
you weather the storm, and make filing a claim a much smoother process.
Source: Federal Citizen Information Center documents “Your Family Disaster Supplies Kit” and
“Preparing Makes
Sense. Get Ready Now.” www.pueblo.gsa.gov, visited March 11, 2008.
“Get Out Safely,” U.S. Fire Administration, www.usfa.dhs.gov, visited March 11, 2008.
Tips brought to you by Farm Bureau Financial Services. For more information about products and
services, call Tammy at (515) 957-1524 or Chris at (515) 957-1616.
Securities & services offered through EquiTrust Marketing Services, LLC+, 5400 University Ave.,
West Des Moines, IA 50266, 877/860-2904, Member SIPC. Farm Bureau Property & Casualty Insurance
Company+*, Western Agricultural Insurance Company+*, Farm Bureau Life Insurance Company+*/West
Des Moines, IA. +Affiliates *Company providers of Farm Bureau Financial Services
"
Mother Nature is unpredictable, and this time of year often creates threatening weather.
Because we can’t foresee when the next flood, tornado or fire may occur, it’s a good idea
to have an emergency plan in place. Here are some tips for preparing for the unexpected.
Develop a family communication plan
Your family may not be together when a disaster occurs, so plan in advance how you’ll
contact one another in different situations. Designate a long-distance friend or relative for
each family member to contact in the event of an emergency, as it may be easier for that
person to communicate among separated family members. Be sure each person knows the
phone number of the emergency contact.
Plan and practice escape routes
In the event of a fire, immediate escape is essential. It takes only minutes for a house to
fill with smoke and become engulfed in flames. The U.S. Fire Administration
recommends planning two ways out of each room in yo ur home, and regularly practicing
escape plans. Make sure each family member knows the safest route out of the house, and
that young children are able to open windows and doors. Once out of the house, meet in a
designated location and wait for help to arrive.
Take inventory of your belongings
Create a list of valuable items in your home, such as electronics, appliances, furnishings
and collectibles. In the event of a disaster, remembering the contents of your home and
their value will be important in determining your total loss.
While it’s not possible to predict or prevent all natural disasters, being prepared can help
you weather the storm, and make filing a claim a much smoother process.
Source: Federal Citizen Information Center documents “Your Family Disaster Supplies Kit” and
“Preparing Makes
Sense. Get Ready Now.” www.pueblo.gsa.gov, visited March 11, 2008.
“Get Out Safely,” U.S. Fire Administration, www.usfa.dhs.gov, visited March 11, 2008.
Tips brought to you by Farm Bureau Financial Services. For more information about products and
services, call Tammy at (515) 957-1524 or Chris at (515) 957-1616.
Securities & services offered through EquiTrust Marketing Services, LLC+, 5400 University Ave.,
West Des Moines, IA 50266, 877/860-2904, Member SIPC. Farm Bureau Property & Casualty Insurance
Company+*, Western Agricultural Insurance Company+*, Farm Bureau Life Insurance Company+*/West
Des Moines, IA. +Affiliates *Company providers of Farm Bureau Financial Services
"
Tuesday, April 3, 2012
Networking for Your Business
Everyone need to network to increase their business. How do you go about it? I have the same question. I joined the East Polk Rotary, Altoona Chamber & Pleasant Hill Chamber. I meet with another group once a month for some business networking and twice a month I hold meeting with a group of people from Linkedin. Is that enough? I hope so. Just hang in there and keep talking to everyone and have a great time doing it. Just having your face and name out in the community is a great way to get seen.
If you want to join us for the Linkedin group look us up under the Des Moines Networking Groups. I have posted on several of them the time and place. Hope to see everyone there.
If you want to join us for the Linkedin group look us up under the Des Moines Networking Groups. I have posted on several of them the time and place. Hope to see everyone there.
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