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Exhibit 4.4(b)


			
	 	 	 
	Advance Confirmation
	 	Page 1 of 3










Advancing Your Success




ADVANCE CONFIRMATION




			
	 	 	 
	FARM BUREAU LIFE INSURANCE COMPANY
	 	September 12, 2006
	ATTN: INVESTMENT ACCOUNTING DEPT.	 	 
	5400 UNIVERSITY AVENUE	 	 
	WEST DES MOINES, IA 50266	 	 






	 	 	 
	Member Number:

	 	 1156
	 
	 	 
	Type of Advance:

	 	Floating Rate LIBOR Advance
	 
	Advance Number:

	 	060912A00017
	 
	 	 
	Advance Amount:

	 	40,000,000.00
	 
	 	 
	Settlement Date:

	 	September 12, 2006
	 
	 	 
	Maturity Date:

	 	September 14, 2009
	 
	 	 
	Interest Payment Dates:

	 	Interest is due Monthly on the
12th day beginning October 12, 2006, up
to and including the Maturity Date,
subject to adjustment in accordance
with the modified following business
day convention with adjustment of
period end dates.
	 
	 	 
	Floating Rate Index:

	 	The rate for a Rate Reset Date
will be the rate for deposits in U.S.
Dollars (“USD”) for a period of the
designated maturity which appears on
the British Bankers’ Association Screen
(“BBAM”) in Bloomberg, or its successor
as of 11:00 a.m., London time, on the
Rate Reset Reference Date immediately
preceding that Rate Reset Date. If such
rate does not appear on the BBAM screen
in Bloomberg, or its successor, the
rate for that Rate Reset Date will be
determined on the basis of the rates at
which deposits in U.S. Dollars are
offered by four major banks in the
London interbank market (the
“Reference Banks”) at approximately
11:00 a.m., London time, on such Rate
Reset Reference Date to prime banks in
the London interbank market for a
period of the designated maturity and
commencing on that Rate Reset Date.
FARM BUREAU LIFE INSURANCE COMPANY and
the Bank will request the principal
London office of each of the Reference
Banks to provide a quotation of its
rate. If at least two such quotations
are provided, the rate for that Rate
Reset Date will be the arithmetic mean
of the quotations. If fewer than two
quotations are provided as requested,
the rate for that Rate Reset Date will
be the arithmetic mean of the rates
quoted by major banks in New York City,
selected by FARM BUREAU LIFE INSURANCE
COMPANY and the Bank, at approximately
11:00 a.m., New York City time, on that
Rate Reset Date for loans-in-U.S.
Dollars to leading European banks for a
period of the designated maturity
commencing on that Rate Reset
Date.






Date 9/12/06




 









 





			
	 	 	 
	Advance Confirmation
	 	Page 2 of 3






Initial
_____




	 	 	 
	Interest Calculation:

	 	Interest begins accruing on the day the advance settles and is
calculated on an actual/360 day basis.
	 
	 	 
	Principal Payment Date:

	 	Advance Amount is due on the
Maturity Date.
	 
	 	 
	Designated Maturity:

	 	One Month LIBOR
	 
	 	 
	Spread to Floating Rate Index:

	 	LIB1M + 0.050
	 
	 	 
	Rate Reset Reference Date:

	 	 2 New York and London business days prior to each payment date.
	 
	 	 
	Rate Reset Dates:

	 	Monthly on the 12th with adjustment for period end dates.
	 
	 	 
	Initial Floating Rate:

	 	 5.380%
	 
	 	 
	Calculation Agent:

	 	FHLB Des Moines
	 
	 	 
	Documentation:

	 	FHLB Advances, Pledge and Security Agreement.
	 
	 	 
	Prepayment Option:

	 	FARM BUREAU LIFE INSURANCE COMPANY may elect to prepay
this advance in whole by providing oral notice 2 business days prior to
requested prepayment date.
	 
	 	 
	Prepayment Fee:

	 	The Bank calculates prepayment fees on floating rate (LIBOR)
advances using the following formula:
	 
	 	 
	 

	 	Prepayment fee = the greater of
(i) zero or (ii) A + B
	 
	 	 
	 

	 	Where
	 
	 	 
	 

	 	A = for each future payment over the remaining term of the advance,
the present value of future interest cash flows lost due to the prepayment,
calculated as the sum of:
	 
	 	 
	 

	 	(I) the estimated interest rate spread lost, defined as the LIBOR
interest rate margin on the advance being prepaid minus the Bank’s
estimated interest rate margin for its LIBOR cost of funds on the date
when the Bank determines the final prepayment fee (“Pricing Date”),
adjusted for the remaining term, payment frequency, and day count;
multiplied by
	 
	 	 
	 

	 	(II) the amount being repaid; multiplied by
	 
	 	 
	 

	 	(III) the discount factor implied by the Bank’s estimated cost of
funds on the Pricing Date.






Date 9/12/06




Initial
/s/ LAS




 









 





			
	 	 	 
	Advance Confirmation
	 	Page 3 of 3






	 	 	 
	 

	 	And
	 
	 	 
	 

	 	B = the Bank’s cost of terminating or offsetting any related hedging
transactions.
	 
	 	 
	 

	 	Calculation Notes:
	 
	 	 
	 

	 	For A(I): The margin for a LIBOR advance that is being prepaid is the
interest rate spread relative to the appropriate LIBOR index on the day
the advance was originally priced. The margin for the Bank’s
LIBOR-based cost of funds on the Pricing Date is the interest rate
spread relative to the appropriate LIBOR index on the Pricing Date.
	 
	 	 
	 

	 	For example, if the advance being prepaid had an interest rate margin
of 5 basis points over the LIBOR index on the day it was originally
priced and the Bank’s cost of funds has an interest rate margin of 15
basis points under the LIBOR index on the Pricing Date, then the spread
lost would be 20 basis points per annum.
	 
	 	 
	 

	 	For A(III): The Bank determines the present value by discounting all
cash flows using the estimated cost of Federal Home Loan Bank
consolidated obligations on the Pricing Date.





Please retain this in your files as evidence of disbursement. If you do not notify the Bank of any
inaccuracies in this information within three (3) business days of its receipt, you are bound
by the terms of this confirmation.




	 	 	 	 	 
	FARM BUREAU LIFE INSURANCE COMPANY
	 
	 	 	 	 
	Date:

	 	Sept. 12, 2006	 	 
	 
	 	 	 	 
	By:

	 	/s/ LouAnn Sandburg	 	 
	 

	 	 

	 	 
	Title:

	 	VP- Investments	 	 
	 
	 	 	 	 
	Federal Home Loan Bank Money Desk	 	 
	800.544.3452, ext. 1013	 	 
	 
	 	 	 	 
	Please fax signed
agreement back to the Money Desk at 515.699.1250.