Farm Bureau Insurance is the number one writer of individual life insurance in Tennessee and is recognized nationwide as one of the strongest companies in the industry by insurance rating companies. We have more agents in more communities than any other insurer in Tennessee. We offer a wide variety of life insurance products to fit your specific needs. With Farm Bureau Insurance, you'll know your family is always taken care of.

To learn more about the products we offer,
please read below.

•    Life Insurance Products
•    Annuities & Retirement
•    Needs Analysis
•    Financial Calculators
•    Beneficiary Assistance
•    FAQ
•    Glossary of Terms
•    Family Financial Record
•    Get a Free Online Quote

Life Insurance Basics

Life insurance is a way to provide for your family’s financial needs after you have passed away.  It gives your family the ability to pay off debt and to keep the same standard of living you would have provided if you were still around. Life insurance is the solution to replacing your lost income. It is the only financial tool in the world that can create an instant legacy for your family in the event of your death and in most cases the death benefit is income tax free.

Life insurance is used for:
•    Replacing Your Lost Income (Experts recommend 5 to 10 times your annual income)
•    Mortgage Payoff
•    Debt Repayment (Car Loans, Credit Cards, etc…)
•    Burial Expenses
•    Funding Childrens' College Education
•    Estate Planning

To keep it simple there are 3 main types of life insurance: Term Life, Whole Life, and Universal Life. Term insurance is temporary and is purchased for a set period of time (Ex. 1, 10, 20, or 30 years). Whole Life insurance is meant to last your entire lifetime and also builds cash value.  Universal Life insurance is a flexible form of insurance that can last your lifetime and also builds cash value. With so many products and coverage options, life insurance is easily included in any budget.

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Term life

Term life insurance is temporary coverage and provides protection for a specific period of time, or term. We offer 1, 10, 20, and 30 year level term policies. Term life insurance is a way to get the most amount of coverage for the lowest cost. It has a low initial premium and the cost stays level for a specified period of time. Term insurance is most often used to take care of temporary needs like replacing your lost income or paying off the mortgage. The main drawback to term insurance is that after the specified term is over the cost will increase. The good news is that all of our term products are convertible to permanent insurance and depending on your age you may not be required to complete any medical exams or answer any health questions.

Whole life

Whole life provides life insurance protection for your “whole life”, as long as the policy is kept in force. Whole life policies feature lifelong protection, guaranteed premiums, guaranteed death benefit, and a cash value account. The cash value account can grow each year and grows tax deferred. The cash value can even be borrowed against to help with emergencies or when times get tough. Another valuable feature of whole life insurance is the opportunity to receive policy dividends*. Dividends can be used to increase your death benefit, increase your cash value, or even help reduce your premiums. We can proudly say that we have paid a dividend every year since the company’s inception. With whole life insurance the policy will be around when your family needs it most.

* Not all of our whole life policies pay dividends and dividends are not guaranteed.

Universal life

With our strong reputation and competitive rates, Farm Bureau Insurance is one of the largest providers of universal life in the state of Tennessee. Universal life is a form of permanent insurance that can provide affordable lifelong protection along with a lot of flexibility. It offers flexible premiums and a level or increasing death benefit. Universal life was originally billed as the only policy you will ever need because as your needs change the policy provides the option to adjust your coverage. This allows the policy to be tailored to meet your specific goals.  Another important feature of universal life is that it has the ability to accumulate cash value depending on how it is funded. The cash value account earns interest and the account grows on a tax deferred basis. So, whether you are concerned about maximizing the death benefit or growing your cash value on a tax deferred basis, universal life has an option for you.

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Annuities & Retirement

Are you ready for retirement? Farm Bureau Insurance offers a wide variety of annuities and retirement products. Don’t wait too long. Put your money to work for you.

Click here for a description of the Annuity and Retirement products we have to offer.

Needs analysis

Life insurance will cover your financial needs, such as income replacement, mortgage balance and final expenses. This simple calculator will help you determine how much life insurance you will need.

Click here to get started!

Financial Calculators

You've worked hard for your money, now put your money to work for you. From saving for college education to putting aside money for retirement, these calculators are a great way to help you start planning for your future.

Click here to get started.

Beneficiary assistance

The death of a spouse, parent, child or other loved one is a very difficult experience. During the hours and days after the death, there are many decisions that must be made. If you must make major decisions during your first weeks of bereavement, be sure to seek the counsel of a trusted adviser.

Click here for steps to take when you've lost a loved one.

FAQ

Why do you need life insurance, and what type is most suitable? Click here for more commonly asked questions about life insurance.

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