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Farmers Life Insurance
About the Company
Farmers Life Insurance is an insurance company that is based in Los Angeles, California. With 18 thousand employees, they are licensed to do business in 41 states. Their agents, independent contractors, and independent agents serve more than 15 million customers.
Farmers Group, Inc. is both a holding company and an insurance management servicer. In addition to offering life insurance products, Farmers Group also offers auto insurance, homeowners insurance, business insurance, boat insurance, motorcycle insurance, collectible auto insurance, moor home insurance, mobile home insurance, and other financial tools.
Term Life Insurance Products
Farmers Level Term 2000 Policies
- This is a level plan, which means that your coverage and premiums will remain level for the life of the policy.
- You can add an accelerated death benefit-terminal illness rider. With this rider, people who are diagnosed with a terminal illness while their policy is in force may have a portion of their death benefit paid out before they pass on.
- Policy holders may also elect to establish a deposit fund with their Farmers Level Term 2000 policy. This fund helps set aside money for the future, and the minimum payment is $25. Interest is compounded annually.
Farmer's Decreasing Term Life
- This policy comes with terms of fifteen and thirty years.
- As a decreasing Term Life policy, the coverage you receive decreases over the years.
- Policy holders of the Farmer's decreasing term life product may also elect to establish a deposit fund with their Farmers Level Term 2000 policy. This fund helps set aside money for the future, and the minimum payment is $25. Interest is compounded annually.
Financial Ratings
A.M. Best: a (strong)
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Term Life Insure provides free information concerning insurance products and services, but is not an agency or an insurer. We are not associated with the company or companies profiled on this page and we make no representation, express or implied, that you will receive a quote from the company profiled herein. Products may not be available in all states. Please speak to your insurance agent or carrier directly for more information.
