Protect Your Farm and Family with Life Insurance

Another benefit to being a member of MidAtlantic Farm Credit is having the option to purchase life insurance. Every life insurance policy is underwritten individually and the amount of life insurance never decreases. Once all debt is paid off to Farm Credit, the insurance is all yours to keep as long as premiums are paid when they are due . Each life insurance policy is guaranteed renewable and you can also assign a beneficiary to the policy. Policies are available in 1, 5, and 10 year options.

Life Insurance is available and may be applied for by anyone with a MidAtlantic Farm Credit loan. Depending upon the type of coverage applied for, this insurance can provide protection in the event of premature death, disability, or dismemberment. Each policy is individually underwritten. Credit life insurance can be written to match each outstanding loan a Member may have and is renewable annually. The amount of insurance will decrease as the loan it was written for is paid down. MidAtlantic is also able to offer two term life insurance products: Premiere Term Life and Advantage Term Life. With these term life products, once your debt to Farm Credit is paid off, as long as the premiums are paid, the insurance is yours to keep. Premiere Term Life is guaranteed renewable; for Premiere and Advantage, you can name your own beneficiary. With either Premiere or Advantage, Members are able to purchase a more comprehensive insurance protection.

Premier Term Life Insurance*

• Three plans are available - 1, 5 and 10-year options
• Insurance coverage from $75,000 up to $10 million
• Guaranteed renewable coverage - keep your insurance in force, and you can't be denied coverage later because of changes in your health
• Name your personal beneficiary
• Easy application available through our offices
• Volume discounts
• Non-tobacco users discount of up to 50%

*Disclaimer: Premier Term Life Insurance is not available in Pennsylvania.

Advantage Term Life Insurance

• Specialized term insurance product for larger loan amounts
• Select, level rates for 10 or 20 years
• Insurance amounts from $100,000 to $10 million
• Convertible to whole life insurance, giving you added benefits of a premium waiver with disability and inflation protection
• Eligibility on 10-year term is age 20-75
• For the 20-year term, eligible age is 20-65
• Non-tobacco and good health discounts
• Volume discounts