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For most people, the principal purpose of life insurance is to protect a specified beneficiaries' standard of living in the event of a wage earner's untimely death. If your financial obligations at death exceed the assets available, you need life insurance.

You will find more information below about each of these products by clicking on its name, or please click the 'Request a Life Insurance quote' link to print out a quote request form.

= Term Life
= Whole Life
= Universal Life
= Annuities: Fixed & Variable

= Request a Life Insurance quote *

* You will need the Acrobat Reader in order to view the quote request form listed above. You may download a free copy by visiting www.adobe.com/products/acrobat/readstep2.html.

Understanding Life Insurance

Term Insurance
Provides death benefit of a specified amount, for a specified period of time with a premium that is initially low compared to permanent (whole & universal life) insurance premiums. Term insurance does not have cash value. If you terminate a term life insurance policy, none of the money paid in premiums is recoverable.

Permanent Insurance - Includes Whole Life and Universal Life
Provides insurance for the insured's entire life, not just for a limited period, while also providing a savings element constituted by the plan's cash value. Money within the cash value is available to the policy owner by taking a loan against the cash value or terminating the policy.

Whole Life
The traditional form of permanent life insurance - it provides a guaranteed level death benefit for a fixed premium paid throughout the insured's life (defined as either age 95 or 100). Thsi plan will have a guaranteed schedule of future cash values and allowable loan amounts.

Universal Life
This coverage has an adjustable death benefit and flexible premiums. The owner has the choice between a level death benefit and an increasing death benefit. At the inception of the policy, premiums are calculated using anticipated investment performance and expenses.

This does not address all the provisions of the policies. The appropriate policy should be consulted for specific provisions. This web page is for general informational purposes only. Exchange State Bank & Insurance is not responsible for any misinterpretation by you. See a licensed insurance agent for clarification and advise on all insurance decisions.

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To discuss our insurance products, please contact Amy Follmann at 1-800-448-8966 or: insurance@esbanks.com.
Locations in Adair and Winterset, Iowa.

Investment and Insurance products offered by ESB are NOT FDIC insured, NOT insured by any federal government agency.
Not a deposit. May lose value. No Bank Guarantee.