"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

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