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Farmers Yearly Renewable Term*
Farmers Yearly Renewable Term is an affordable one-year level
term insurance plan that can keep you insured for life. The plan is renewable
for successive periods, one year at a time to age 95, all without having to
provide any further evidence of insurability. Minimum plan coverage is $500,000.
Coverage
Farmers affordable Yearly Renewable Term fits the needs
of families, professionals and business owners. The coverage is designed for short-term
insurance needs, such as paying off a loan in the event of death or a traditional
"key-person" insurance plan.
Guaranteed Premium
Your premiums are guaranteed at the beginning level for the first five years
of the policy. Thereafter guaranteed maximum premium payment increases are specified
in the policy. So, you can plan your insurance costs, now and down the road.
Convertibility
When things change, you're covered. The Farmers Yearly Renewable Term is convertible
during the first ten policy years, but only prior to age 65. It may be converted
to any permanent plan of coverage available through Farmers New World Life Insurance
Company.
Discounts
Non-nicotine users are eligible for reduced premiums. Plus, if you meet certain
health standards specified by the plan, you can enjoy special preferred rates.
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