Life Insurance

We offer life insurance plans through Minnesota Life, an insurance provider that has been helping farmers protect their livelihood for many years. Our financial experts are here to help you determine what plan makes sense for you, your farm, and your family. 

*Terms and conditions depend on applicant.

Life Insurance Plans 

Long Term Life 

For customers under 70 years old with a maximum plan of $500,000 with the beneficiary being River Valley AgCredit

Long Term Life & Disability 

For customer under the age of 70 years old with maximum plan of $500,000 with the beneficiary being River Valley AgCredit

Annual benefit of 10% of the insurance amount up to a maximum of $10,000. Maximum benefit period is 3 years. Eligible age is under 61.

Disability Benefit: Payable to Association. Benefits accrue after the 90th day of disability. Premiums are waived while insured receives disability of benefit. For joint insurance coverage, the disability benefit is only for the member designated as the primary on the application.

Short Term Life 

For customers under 65 years old with a plan maximums as follows:

Age / Maximum

  • Under 56 / $300,000
  • 56-65 / $100,000
  • 66 to 70 / $20,000
  • 71 to 75 / $15,000
  • 76 & older / $10,000

The beneficiary would be River Valley AgCredit

Single Premium - For customers under age 70 with a maximum plan of $100,000 beneficiary being who ever the member chooses.

Term Life 5-30 year - Eligibility and Age:

 

Amounts under    
$250,000    

Amounts $250,000    
and over

Policy Term   
5 year
10 year
15 year
20 year
30 year

Ages
18-55
18-55
18-55
18-55
18-45

Ages
18-80
18-80
18-70
18-65
18-50

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