Sinossi
Excerpt from Life Insurance for Farm Families
Many other policies have been devised to fit particular needs and to make sales. In general, they are combinations or adaptations Of the basic policies that have been described. They usually guarantee the beneficiary a fixed or variable periodic income instead Of, or in addition to, a lump-sum payment. This can be done with perhaps more flexibility by using the simpler policies, and having a monthly income settlement option for one or more Of the policies to provide the monthly income desired. These options are discussed later.
Retirement annuities, designed to permit the insured to take it easy if he lives beyond a specified age, are not discussed in this publication. When a farmer can no longer do the heavier work about his farm, he may either be able to rent it or to hire his work done and perhaps live Off the net income.
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