Farm Bureau Life Variable Account

04/30/2024 | Press release | Distributed by Public on 04/30/2024 08:32

Updating Summary Prospectus - Form 497VPU

Supplement Dated April 30, 2024

to the Prospectus dated April 29, 2024

and the

Updating Summary Prospectus dated April 29, 2024

for

Nonparticipating Flexible Premium Variable Life Insurance Policy

issued by

Farm Bureau Life Insurance Company

through

Farm Bureau Life Variable Account

This Supplement updates certain information contained in the above-referenced Prospectus and Updating Summary Prospectus regarding the Investment Options available under your Nonparticipating Flexible Premium Variable Life Insurance Policy (the "Policy"). Please read this Supplement carefully and retain it for future reference.

Effective May 1, 2024, Calvert Variable Products, Inc. will be renamed Calvert Variable Trust, Inc. In addition, the Funds of Calvert Variable Trust, Inc. that are available as Investment Options under your Policy will be renamed as follows:

Current Name New Name
Calvert VP NASDAQ-100 Index Portfolio CVT NASDAQ-100 Index Portfolio
Calvert VP Russell 2000® Small Cap Index Portfolio CVT Russell 2000® Small Cap Index Portfolio
Calvert VP S&P MidCap 400 Index Portfolio CVT S&P MidCap 400 Index Portfolio

* * *

Additional information about the Investment Options available under your Policy can be found in the prospectuses for the Investment Options, which may be amended from time to time and can be found online at www.fbfs.com/variable-product-documents. You can also request this information at no cost by calling our Home Office at 1-800-247-4170 or by sending an email request to [email protected].

FB VUL 02-07 USP (333-87766)