It isn’t a matter of IF we need Life Insurance it’s a matter of WHEN we need it. 
 
Two really important reasons to purchase Life Insurance is to provide the security and the financial means for your loved ones to pay for burial costs and not be burdened due to the lost wages or income due to your death.
 
American Farmers & Ranchers Life offers a variety of Term, Whole Life and Annuity products.  Each is designed to allow each individual to choose a plan that will provide coverage at all stages in life, whether you need insurance for only a short period of time or for your entire life. 
 
A good way to explain the differences between the Term and Whole Life plans is that:
·         Whole Life insurance is like owning a home.
·         Term Life insurance is like renting a home.
·         Term Life guarantees a death benefit and a level premium for a limited time (5, 10, 15 or 20 years). Term Life does not build cash value, just as tenants do not build equity in a rented home. 

AFR Life Insurance Products:

Level Term (5, 10, 15 and 20 Year)

The cost of a term policy is based on both the age and health of the insured, the length of the term period and the amount of the death benefit applied for.  Due to the low premium, term insurance allows you to purchase the most insurance for your money.

20 Year Level Term – Renewable to Age 95
This plan provides a level premium and death benefit that will be guaranteed for the first 20 years.  In the 21st year, the coverage will not expire like most term plans do, but will allow you to renew the coverage annually to age 95 but with an increased premium. 
  
Endowment/Whole Life
As you might have guessed by its name, whole life insurance offers you coverage for your entire life. Under a whole life insurance policy, your coverage will never expire and will never need to be renewed. 
 
The coverage amount (death benefit) you choose and the premium you pay will remain the same during the premium paying period, regardless of any health challenges you face over the years.  Whole Life guarantees a permanent death benefit and the cash value it builds may be used to pay for education, supplement retirement, etc.
 
AF&R offers four convenient premium paying options to choose from:

·         To Age 100 – premiums are payable for your entire lifetime.

·         20 Pay  - slightly higher premiums are payable for 20 years only.

·         To Age 65 – rather than pay premiums your entire lifetime, a little higher premiums can be paid until you reach age 65.

·         Single Pay – a single one time “lump sum” premium can be paid rather than paying for the coverage over time.

Regardless of the premium paying option you choose, the death benefit is guaranteed to be payable to your beneficiary.  
  
Flexible Premium Deferred Annuity
The way you live today has considerable impact on how you live tomorrow.  That means if you want a relaxing and financially secure retirement, you have to plan now. If you're still young, you can enjoy the huge benefits of compound interest even more than someone closer to retirement.
An annuity can guarantee a stream of retirement income that helps you maintain a comfortable lifestyle and if possible, leave assets behind for your children and grandchildren.
 
The FPDA is a perfect funding vehicle for non-qualified and tax-qualified money in the form of IRA’s (Traditional and Roth), SEP’s and SIMPLE’s.
 
Available to both adults and children, the premiums are flexible and can be made as a single payment or payments made over a number of years.  It is also designed to provide a guaranteed income once the policy matures.