All Farm Credit customers under age 70 can apply, including your spouse and your partners. This allows you to control how much you pay for this insurance each year. Once the loan is paid in full or refinanced, you can keep the insurance if you have another Farm Credit loan. You may pay monthly, quarterly, semiannually or annually. Simply complete an application at your local Farm Credit office.
Most people just enroll when they are applying for the loan.
If Minnesota Life, the insurance company backing this program, does require one, they will pay for it. In some cases, members can be approved right at their local Farm Credit office. Thousands of Farm Credit customers participate in this program. We provide customer service and personalized assistance in all areas, including claims. Our insurance company partner, Minnesota Life, has insured American farmers for 50 years, and their financial strength is excellent.