0001445305-10-000169 Sample Contracts

Advances, Pledge and Security Agreement Delivery
Security Agreement • February 19th, 2010 • FBL Financial Group Inc • Life insurance • Iowa

This Advances, Pledge and Security Agreement ("Agreement"), effective this December 22, 2008, is entered between EquiTrust Life Insurance Co. ("Member"), with principal offices at 5400 University, West Des Moines, Iowa and the Federal Home Loan Bank of Des Moines ("Bank"), with principal offices in Des Moines, Iowa.

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ROYALTY & LICENSE AGREEMENT
Royalty & License Agreement • February 19th, 2010 • FBL Financial Group Inc • Life insurance

THIS AGREEMENT (the "Agreement"), effective on the date hereinafter set forth, by and between Farm Bureau Mutual Holding Company, its affiliated property casualty insurance companies of which it has voting control, directly or indirectly, including Farm Bureau Property & Casualty Insurance Company and Western Agricultural Insurance Company, and Farm Bureau Life Insurance Company (hereinafter collectively "Insurance Companies") on the one part, and the __________ Farm Bureau Federation (hereinafter "Farm Bureau") on the other part.

Master Transaction Agreement
Master Transaction Agreement • February 19th, 2010 • FBL Financial Group Inc • Life insurance • Iowa

This Master Transaction Agreement ("Agreement") dated this December, 22, 2008, is entered into between EquiTrust Life Insurance Co. ("Member"), with principal offices at 5400 University, WDM, IA and the Federal Home Loan Bank of Des Moines ("Bank") with principal offices in Des Moines, Iowa.

December 31, 2009 James E. Hohmann Chief Executive Officer FBL Financial Group, Inc. West Des Moines, IA 50266 Re: Forbearance Agreement/Dividend Reduction Dear Jim:
FBL Financial Group Inc • February 19th, 2010 • Life insurance

You will recall that last May we executed a Forbearance Agreement effective until February 28, 2010 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 7(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.

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