0001012771-11-000047 Sample Contracts

BONUS RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • May 9th, 2011 • FBL Financial Group Inc • Life insurance • Iowa

This Bonus Restricted Stock Agreement is dated as of the 17th day of February, 2011, between FBL Financial Group, Inc., an Iowa corporation (the “Company”), and James E. Hohmann (“Employee”).

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FBL FINANCIAL GROUP, INC. INCENTIVE STOCK OPTION AGREEMENT
Incentive Stock Option Agreement • May 9th, 2011 • FBL Financial Group Inc • Life insurance • Iowa

THIS OPTION AGREEMENT (the "Agreement"), effective as of Date of Grant set forth above, is between FBL Financial Group, Inc., an Iowa corporation (the "Company") and the Optionee set forth above, who is an employee of the Company or one of its Subsidiaries, pursuant to the FBL Financial Group, Inc. 2006 Class A Common Stock Compensation Plan adopted by the Board of Directors of the Company on November 16, 2005 and approved by the shareholders of the Company on May 17, 2006, as subsequently amended (the "Plan"). The Plan provides for the granting of Incentive Stock Options within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code") by the Board of Directors of the Company (the "Board") or by a committee appointed by the Board (the "Committee") to certain Eligible Employees, as defined in the Plan. Capitalized terms used in this Agreement shall have the same meaning as defined in the Plan unless otherwise defined herein. References to the Company used

RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • May 9th, 2011 • FBL Financial Group Inc • Life insurance • Iowa
Re: Forbearance Agreement/Dividend Reduction
FBL Financial Group Inc • May 9th, 2011 • Life insurance

You will recall that we executed a Forbearance Agreement effective until March 31, 2011 in regard to the royalty agreement between the Iowa Farm Bureau Federation (“IFBF”) and the insurance companies that are managed by FBL using the Farm Bureau name, Farm Bureau Property & Casualty Insurance Company and Farm Bureau Life Insurance Company (hereinafter “Insurance Companies”). Paragraph 9(d) of the royalty agreement states that a reduction in the quarterly dividend by FBL below $.10 per quarter creates a power of termination of the agreement on the part of IFBF.

RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • May 9th, 2011 • FBL Financial Group Inc • Life insurance • Iowa
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