Illinois Mutual has just announced higher limits for farmers and ranchers. Understanding that farmers often have depreciation and expenses that result in little or no reportable income for federal income tax purposes, farmers and ranchers are eligible for individual DI coverage based on farm or herd size.
FARM SIZE (ACRES)
200+ Monthly Amount: Previously up to $1,500 – NOW up to $2,000!
350+ Monthly Amount: Previously up to $2,000 – NOW up to $2,500!
500+ Monthly Amount: Previously up to $2,500 – NOW up to $3,000!
HERD SIZE (HEAD)
24-49 Monthly Amount: Previously up to $1,500 – NOW up to $2,000!
50-74 Monthly Amount: Previously up to $2,000 – NOW up to $2,500!
75+ Monthly Amount: Previously up to $2,500 – NOW up to $3,000!