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Single Premium Whole Life

Single Premium Whole Life is permanent insurance that provides lifelong protection with one single premium.

Some of the benefits of Single Premium Whole Life from Farm Bureau Life Insurance Company of Michigan . . .
  • Lifelong insurance protection.
  • A fixed, level death benefit.
  • A guaranteed increase each year in the cash value, that is not currently taxable.
  • A death benefit that is income tax-free to the insured's beneficiary, subject to policy minimums and IRS guidelines.
  • A death benefit that can avoid probate charges if payable to a named beneficiary.
In addition, as a participating policy, Single Premium Whole Life gives you the right to "participate" through policy dividends, in any distributions of surplus funds generated through careful investing by Farm Bureau Life Insurance Company of Michigan. Dividends can be used to purchase additional paid-up insurance.

If you are looking for lifelong insurance protection with a single premium that also allows you to accumulate a cash value, then Single Premium Whole Life may be the solution.

Contact your Farm Bureau Insurance agent for more information.

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The product information included in the Farm Bureau Insurance of Michigan web site is intended for Michigan residents only, and is neither an offer to sell nor an invitation to purchase any insurance product.


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