LIFE INSURANCE DEFINED
Have you asked yourself: “Do I really need Life insurance today?” Remember, Life insurance isn’t just about you and it may not be about today. If you have a mortgage, plan to send your kids to college or just have long term financial goals, a Farmers insurance agent can help you with your unique needs.
Many of us don’t really understand the importance of life insurance – until we need it. If something happens to you or your partner, Farmers Life Insurance can help cover the loss of that person’s income. At Farmers, we want to help make you smarter about life insurance now, because the more you know, the better you can plan for the future. Farmers has a life insurance option to suit your needs and budget through many stages of life. Simply, life insurance comes in two basic types: term and permanent.
The Umbrella Insurance industry loves its jargon. And unless you’re around it every day, as we are, there is a strong possibility it may leave you scratching your head, these definitions can help minimize the confusion.
TERM LIFE INSURANCE
Provides coverage for a set period of time and is usually less expensive. It provides the greatest amount of coverage for the lowest initial cost. It’s a good choice for your temporary needs or if your funds are limited.
TERM LIFE BASICS
- Affordable coverage
- Temporary coverage for your personal or business needs
- Renewable or convertible to permanent coverage
PERMANENT LIFE INSURANCE
Includes Whole Life and Universal Life options. This is useful when you want to cover a long-term need like income for a spouse or an inheritance for children or end-of-life expenses. Permanent insurance costs more initially but can accumulate cash value.
WHOLE LIFE BENEFITS
- Good for young adults just beginning an insurance program
- Good for families needing protection while saving for the future
- Cash value of a Whole Life policy accumulates as a guaranteed interest rate
UNIVERSAL LIFE BASICS
- Flexible coverage
- Options for timing and method of premium payment
- Tailors coverage to your personal needs
LIFE INSURANCE DISCOUNTS
Farmers offers several discounts when you combine like coverage with auto and/or home coverage.Get smarter about your insurance planning now. Let’s have a conversation about it!
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Managing your small business can be complex, selecting the right Business insurance for your unique operation doesn't have to be. No matter the type of business, a Farmers agent can help you customize an insurance package to reduce your risk and protect your investment. Request a Business insurance quote today to get started.
HOME / RENTERS
Your home is perhaps your most valuable possession, so you'll want to make sure your insurer has withstood the test of time. Farmers® has been providing insurance products for over 80 years and will be there in the event disaster strikes and your home is damaged in a fire or due to another covered cause of loss. Get a Home insurance quote now.
Comprehensive coverage? Collision coverage? Deductibles? Medical Payments? Where to begin? Your local Farmers agent can take the mystery out of selecting the right Car insurance coverage for your needs and budget. Get started with an online Auto insurance quote and learn about our insurance discounts that can help you save money.
Have you asked yourself: "Do I really need Life insurance today?" Remember, Life insurance isn't just about you and it may not be about today. If you have a mortgage, plan to send your kids to college or just have long term financial goals, a Farmers insurance agent can help you with your unique needs. Request a quote today.