Business : Flexibility, Guarantees & Tax Advantages

Looking for lifetime protection that offers flexible premium payments, access to your money and a tax-advantaged way to accumulate funds for future needs? Universal Life insurance allows you to tailor a policy to meet your needs and goals, and make adjustments as your life changes.

Pay any amount you want at anytime – as long as it’s within the maximum limit set by tax law, and sufficient to maintain coverage. Your policy can be funded to the maximum limit and interest earned on the funds will accumulate on an income tax-deferred basis. This provides greater accumulation in later years, which can be used as supplementary income for retirement or other needs along the way.

As you pay premiums, your policy’s accumulated value earns tax-deferred interest with a guaranteed1 minimum rate. You can access these funds through partial withdrawals2 or loans3 should a financial need arise.

Of course, flexibility and tax-advantages aren’t the only reasons to consider a Universal Life policy. The coverage also offers additional features and options that can be tailored to your specific needs.

Whether you need financial protection for your family or business, or supplemental income for future needs, Universal Life will allow you to do what’s right for you.

1The guarantees expressed in this article are based on the claims-paying ability of Farm Bureau Life Insurance Company.

2Partial withdrawals are subject to a fee of $25 or 2 percent of the accumulated value withdrawn, whichever is less. Depending on your issue age, the first 10 to 15 years of the Universal Life policy and for 10 to 15 years following an increase in coverage, full surrenders are subject to a current surrender charge based on policy year, age, sex and underwriting category. Surrender charges may be waived if eligibility can be established due to the insured’s terminal illness, total disability or stay in a qualified nursing care center for 90 consecutive days (after the first policy year.)

3Any loans from the policy’s accumulated value will reduce the policy’s accumulated value and death benefit if the borrowed funds, plus interest, are not repaid by the time of your death. Further, if your life insurance policy is classified as a Modified Endowment Contract (MEC), distributions, including loans, may be taxed less favorably than non-MEC

Tips brought to you by Farm Bureau Financial Services. For more information about products and services, call Randy R. Stein CLU, ChFC, LUTCF at (319) 472-5231 or stop by the office located at 1105 West 9th Street in Vinton.

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