The Policy is not available in all States.
This Prospectus constitutes an offering only in those jurisdictions where such offering may lawfully be made. Farm Bureau Life has not authorized any dealer, salesman or other person to give any information or make any representations in connection with this offering other than those contained in this Prospectus. Do not rely on any such other information or representations.
Beneficiary: The person or entity the Policyowner named in the application, or by later deation, to receive the death proceeds upon the Insured's death. Assets are valued at the close of each Business Day. Cash Value: The total amount invested under the Policy. It is not part of, nor dependent upon, the investment performance of the Variable.
Mkines Proof of Death: Proof of death that is satisfactory to the Company. Fund: An investment company registered with the SEC under the Investment Company Act of as an open-end, diversified management investment company or unit investment trust in which the Variable invests. General : The assets of the Company other than those allocated to the Variable or any other separate of the Company.
To be in movels order," instructions must be sufficiently clear so that we do not need to exercise any discretion to follow such instructions. Grace Period: The day period beginning on the date we send notice to the Policyowner that Net Cash Value is insufficient to cover the monthly deduction.
Telephone: Fax: Insured: The person upon whose life the Company issues a Policy. Investment Option: A Fund, or a separate investment portfolio of a Fund in which a Sub invests.
The Company makes the monthly deduction on the Business Day coinciding with or immediately following the Monthly Deduction Day. Policy: The flexible premium variable moinex insurance policy we offer and describe in this Prospectus, which term includes the Policy described in this Prospectus, the Policy application, any supplemental applications and any endorsements or additional benefit riders or agreements.
The Policy Date may, but will not always, coincide with the effective date of insurance coverage under the Policy. Policy Loan: An amount the Policyowner borrows from wst Company using the Policy as the sole security.
Policyowner, you, your: The person who owns a Policy. Specified Amount: The minimum death benefit payable under a Policy so long as the Policy remains in force. Sub: A subdivision of the Variable which invests exclusively in a corresponding Investment Option.
Unit Value: The value determined by dividing each Sub's Net Asset Value by the of units outstanding at the time of calculation. Valuation Period: The period of time over which we determine the change in value of the Subs.
Written Notice: A written request or notice ed by the Policyowner on a form satisfactory to the Company which we receive at our Home Office. Please read the entire Prospectus and the Policy for more detailed information. Unless otherwise indicated, the description of the Policy contained in this Prospectus assumes that the Policy is in force and that there is no outstanding Policy Debt.