Before you decide on a life insurance company and policy, it’s best to read up on your options. You’ve probably found your way to this page because you’re considering Farmers New World Life Insurance Company as your carrier of choice. You may have home or auto through Farmers Insurance and believe it’s time to add life insurance.
At TermLife2Go, we work with dozens of the best life insurance companies, including the top no medical exam companies. We can help you find the top life insurance rates by age. However, please note, we are not Farmers Insurance. If you need to reach the company you can visit them online at farmers.com or by phone at 1-888-327-6635.
Farmers Life Insurance Review
You should consider the potential pitfalls of bundling life insurance with your other insurance policies. You may not be getting as sweet of a deal as you believe.
About Farmers Insurance
Farmers Insurance has been in business for almost 100 years. In total, Farmers Insurance insures more than 10 million households with over 20 million different insurance policies, including automobile, renters, business, and life insurance. Farmers Insurance sells life insurance under the name Farmers New World Life Insurance Company.
Ratings Agencies are independent and objective bodies that thoroughly investigate every aspect of an insurance company. After assessing factors such as financial health, and future outlook, the ratings agency will give the insurance company a “grade.”
One of the most important rating agencies in the United States is AM Best Company. In 2015, AM Best rated Farmers New World Life Insurance as an A+, or excellent. This is a solid rating for a life insurance company, and should be reassuring for any policy seeker interested in this company.
Farmers New World Life Insurance Policies
Farmers New World Life Insurance offers two main categories of policies: term and permanent life insurance.
Term Life is a policy that is purchased to insure you for a set period of time. Usually term policies are for 10, 20, or 30 years. Many times parents of young children will purchase a term life insurance policy so that in the event that they die before their children are adults, there will be supplementary income for their care.
Whole Life– Whole Life insurance is permanent coverage that last for as long as you live. Farmers Life Insurance offers:
- Grade Death Benefit Whole Life
- Simple Whole Life
- Premier Whole Life
Universal Life– Permanent life insurance that offers more flexibility in terms of payment and adjusting the benefits and coverage.
Farmers New World Life offers two main types of universal life insurance:
- EssentialLife Universal Life
- Index Universal Life
Benefits of Farmers Life Insurance
Multiple Insurance Policies All in One Place
If you already have another type of life insurance through the Farmers Group, then adding on a life insurance policy can make it easy for you to manage all of your finances and insurance policies. By having all your insurance policies/products from one company may simplify your life. You may even get a discount from Farmers Insurance for having more than one policy.
Accessible Almost Everywhere
Farmers Insurance is offered in 41 states, making it easy for policy seekers across the nation. Farmers also has a good reputation when it comes to customer service. Agents are responsible for not only selling you the product, but also being involved in your customer service needs.
Overall Opinion of Farmers Insurance
Farmers New World Life is a great option for life insurance seekers. It has a brand value, and they’ve been in business for more than 90 years—that says a lot. They have a good rating, and their financial health is strong.
That being said, when you lock into a life insurance policy, you are choosing only what one company has to offer. If you have any other kind of insurance policy through Farmers, they may be trying to sell you a life insurance policy—but just because they are right for another type of insurance doesn’t mean they are always going to be your best choice.
Consider an Alternative
We suggest to all life insurance seekers that the best policy (pun intended!) is to shop around. You want to get the best life insurance coverage out there, and you’re probably not going to get that if you only hear what one life insurance company has to offer. Call Farmers New World Life Insurance and see what they have to offer you. After that, call us at TermLife2Go. Compare your findings and make an informed decision.
What will TermLife2Go tell me?
We will start by gathering all the information life insurance companies will want to know about you.
Then, we will use that information to see how more than a dozen of the best life insurance companies in will view you as a policy holder.
We assess this information and then make custom recommendations to you.
For some people who call us, Farmers may be able to offer something better. For others, we will. That’s why it’s important to give both of us a call and then make the most informed decision possible.
If you would like a free consultation, please call TermLife2Go today and experience the TermLife2Go difference today!
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