Item 1.01 Entry into a Material Definitive Agreement.

References in this document to "us," "we," or "the Company" refer to FBL Financial Group, Inc. On November 6, 2008 we issued $100,000,000 of 9.25% Senior Notes due November 5, 2011 to two affiliates. Farm Bureau Mutual Insurance Company acquired a note for $75,000,000 and an investment affiliate of Iowa Farm Bureau Federation, our majority shareholder, acquired a note for $25,000,000. The notes are unsecured and rank pari pasu with our $75,000,000 Senior Notes due 2014, our $100,000,000 Senior Notes due 2017 and our $60,000,000 bank credit agreement due 2010. The notes are prepayable at anytime at par. Pursuant to a registration rights agreement, the holders of the Notes can require us to register the Notes for transfer. We are using $20,000,000 of the proceeds to retire short term debt borrowed from Farm Bureau Mutual Insurance Company in third quarter 2008.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

See Item 1.01 above

Item 9.01 Financial Statements and Exhibits.

Exhibit No.
4.9

Description:
Form of 9.25% Senior Notes Due 2011 and attached registration rights agreement. These documents are not filed pursuant to the exception of Regulation S-K, Item
601(b)(4)(iii)(A); FBL Financial Group, Inc. agrees to furnish these documents to the Commission upon request.

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