Term Life Insurance Products What is Term Life Insurance? Our term life insurance products last until your 95th birthday, with three ‘level’ premium options available (10, 20 and 30) and our annually renewable term life insurance plan. For the level term plans, the premium is anticipated to stay the same for the level period and then increases each year. For the annual renewable term, it increases each year. As with any life insurance policy, when the insured dies, the beneficiary receives the death benefit, income tax free, and can be used however they wish. Term life insurance coverage from Farm Bureau Insurance is easy to understand and easy to budget for. Why do I need term life insurance, and how much should I get? Term life insurance is a popular and effective way to protect your loved ones financially. Low-cost term life insurance is typically used by adults with temporary needs like replacing lost income or paying off a mortgage. To see how much life insurance you need, follow this link for a quick calculation. After the specified term, rates will increase, but term life insurance can also be converted into one of our permanent life insurance options. What are term life insurance rates like? Rates on term life insurance can vary according to term length and insurer, but it’s a great way to get the most coverage for the least upfront cost, with lower premiums than universal or whole life, that remain level for the length of the term. On average, most people purchase term life insurance plans that run between 10 and 30 years, at prices of around $30 a month. Term life insurance plans do not build cash value but pay a guaranteed death benefit. At Farm Bureau Insurance, quotes on term life insurance are easily determined. Get your term life insurance quote, or contact an agent today. Get a Quote on Term Life Insurance Insurance Quote Auto Insurance Auto Insurance Home Insurance Renters Insurance Life Insurance Go Insurance Agents by Zip Go Search by City or County Fast Policy Service Pay My Bill Pay My Bill File A Claim Access My Account Customer Service Update My Policy Renew My Membership Go About Us FAQ Member Savings Tennessee Farm Bureau Buy Or Sell Stock Careers Agents By County Agents By City Farm Bureau Health Plans Auto Liability Collision Comprehensive Other Coverage Options The First Mile Youth Discount Auto Clause Home Farmowners Insurance Renters Insurance Commercial Property Insurance Property Clause Homeowners Insurance Life Term Life Insurance Whole Life Insurance Universal Life Insurance Annuities Policy Service Pay My Bill Customer Service Renew My Membership Access My Account Update My Policy File A Claim Leave A Review Contact Us Tennessee Farmers Insurance Companies P.O. Box 307 Columbia, TN 38402-0307 Customer Service Center 877-876-2222 © Tennessee Farmers Insurance Companies 2021 Terms And Conditions Privacy Policy