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More important than protecting your crop is protecting your family from the financial burdens that could be assumed in the case of your untimely disability or death. Available in both group and individual policies, Farm Credit Midsouth offers the following life insurance products to help you ensure – and insure – the financial security of your family. Term life and disability insurance is available to current and existing Farm Credit Midsouth loan customers. Coverage will continue for the life of the policy, even after your loan is paid in full.

We know protecting your family and ag business partners from financial hardship resulting from your untimely death or disability is important to you, so we offer life and disability insurance options to assist you in liquidating debt and preserving assets for the next generation.

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Credit Life Insurance

If you’re like many business owners, you’ve probably insured your cars, trucks, boats, equipment or buildings, but not your most valuable asset – you, and your ability to run your business and produce income. A credit life insurance policy protects dependents (or loan cosigners) from the financial burden of outstanding debt. Credit life insurance pays off the policy owner’s insured loans immediately and provides peace of mind.

  • Guaranteed issue and available for life only or life and disability.

Term Life Insurance

Term life insurance is an affordable way to supplement your existing coverage. It provides a way for your family to pay expenses and carry on through tough times in the event of death.

  • Guaranteed rates up to a 30-year term and features a return on premium rider.
  • Provides coverage for a specific amount of time (term of insurance)
  • Premium rates based on age, gender, health, tobacco/non tobacco
  • Premiums generally lower for higher levels of coverage
  • Options to renew at the end of term
  • Death benefit paid if insured passes away within that term

Farm Credit Midsouth offers competitive, low cost term life insurance with premiums guaranteed for 10, 20 or 30 year periods. It is ideal for covering larger life insurance needs such as:

  • Income replacement
  • Buy/Sell agreements
  • Real estate loans
  • Estate planning needs

If someone is depending on you financially, chances are you need life insurance. People who should consider a life insurance policy include:

  • Spouses/Significant Others (with or without dependents)
  • Parents
  • Landowners
  • Business Partnerships

Life insurance provides security and peace of mind for your loved ones in the event of a sudden and unexpected loss. Life insurance indemnities could help pay:

  • Final Expenses
  • Debt
  • Medical Bills
  • Everyday Living Expenses

Now is the best time to apply for a life insurance policy while you meet the underwriting standards and qualify for the best results.

Disability Income Insurance

Disability insurance is designed to replace a portion of your income if you become disabled and are unable to earn an income. Disabilities can result from several causes including an illness or an injury.

  • Protection plan for your loan payment.
  • Provides a monthly income.
  • Premium rates based on age, gender, health, tobacco/non tobacco

Chances of Becoming Disabled for Three Months or Longer Before Age 65*

58%
At Age 25 - 58% Chance of Becoming Disabled for Three Months or Longer Before Age 65
Age 25
54%
At Age 30 - 54% Chance of Becoming Disabled for Three Months or Longer Before Age 65
Age 30
50%
At Age 35 - 50% Chance of Becoming Disabled for Three Months or Longer Before Age 65
Age 35
45%
At Age 40 - 45% Chance of Becoming Disabled for Three Months or Longer Before Age 65
Age 40
40%
At Age 45 - 40% Chance of Becoming Disabled for Three Months or Longer Before Age 65
Age 45
33%
At Age 50 - 33% Chance of Becoming Disabled for Three Months or Longer Before Age 65
Age 50
23%
At Age 55 - 23% Chance of Becoming Disabled for Three Months or Longer Before Age 65
Age 55

*Source: 1985 Commissioners Individual Disability A Table, as reported in Best’s Policy Reports, Feb. 1999.

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Why Work with Us for Insurance?

Dedicated Specialists

Our insurance specialists focus 100% of their time on crop and livestock insurance – every working day of every week in the year. They don’t sell property or casualty insurance.

Highly Trained

Our insurance staff receives annual training on RMA changes to crop and livestock insurance plans and stay informed throughout the year.

Financial Expertise

As a lender, we understand financial risk and work to protect your working capital, not just your crop and livestock.

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