Iowa Farm Bureau Federation and Affiliated Cobenefits

Iowa Farm Bureau Federation and Affiliated Co's benefits plans covered 2,128 active participants in 2024, providing health · life · dental · vision · long-term disability · other. Insurance premiums totaled $25,778,902. Insurance brokers and agents were paid $124,950 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.5% of premiums. That is $59 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 8.3% from $115,321 in 2023.