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Farmers Life Insurance Reviews

Farmers life insurance reviews

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

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 Coverage

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.

Term Life is a great choice when considering mortgage protection, covering business loans, or protecting the primary wage earner.

Permanent Coverage

Permanent coverage should be considered for estate planning using life insurance, or for business succession planning using buy-sell agreements.

Whole Life– Whole Life insurance is permanent coverage that last for as long as you live. Farmers Life Insurance offers:

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:

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.

So, what are you waiting for?  Give us a call today or visit our Instant Life Insurance Quotes page and see what we can do for you!

Thank you for reading our article, Farmers Life Insurance Reviews. Please leave any questions or comments below.

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To empower our customers through knowledge and expertise so our clients secure the best and most appropriate insurance coverage available providing peace of mind to our clients and their loved ones.

About TermLife2Go

Our licensed professionals have over two decades worth of experience and will help you choose the best life insurance company for the lowest price based on your specific needs and lifestyle. Find out more about us here.