Universal Life Insurance Products What is Universal Life Insurance? Universal life insurance is a flexible type of life insurance—sometimes known as permanent life insurance or cash value life insurance—that can adapt with you throughout your lifetime and increase in cash value as time passes. Its value can earn interest on a tax deferred basis. Your needs are likely to change over the years, which is why Farm Bureau Insurance offers universal life insurance policies that you can customize as your needs change. Can I skip payments with universal life insurance? With universal life insurance, your cash value can build over time, depending on how you fund your policy. If a sufficient amount of cash value builds, then you may have the option to miss the occasional premium. However, because a universal life insurance policy uses interest on the cash value to help offset future premiums, missing a payment will alter how it was originally shown. Is Universal life insurance expensive? “Expensive” is a ‘relative’ term. With universal life insurance, you have more flexibility in how premiums can be paid. Generally, if you pay more in the early years of the policy, the future cost may be less when compared to other life insurance options. Premium amounts and coverage options are dependent on your individual situation. That is what sets Farm Bureau Insurance apart – the individualized attention and advice of our agents. Get a Quote on Universal 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