Term vs. Permanent Insurance

Term 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 you funds are limited.

Permanent insurance, which includes Whole Life and Universal Life, is useful when you want to cover a long-term need like income for a spouse or "inheritance" for children or end of life expenses. Permanent insurance costs more initially, but can accumulate case value.

It's difficult to say exactly which kind of Life insurance is better because the type of coverage that's right for you all depends on your individual circumstances and financial goals. Often, a combination of Term and Permanent insurance is the right solution.

Learn more about:

• Term Life insurance

  

  • Affordable coverage
  • Temporary coverage for your personal or business needs
  • Renewable or convertible to permanent coverage

  Learn more about Term Life insurance

• Whole Life insurance

  

  • Good for young adults just beginning an insurance program
  • For families needing protection while saving for the future
  • Cash value of a whole life policy accumulates at a guaranteed interest rate

  Learn more about Whole Life insurance

• Universal Life insurance

  

  • Flexible coverage
  • Options for timing and method of premium payment
  • Tailor coverage to your personal needs

  Learn more about Universal Life insurance

Choose a Farmers agent to help you find the right coverage for your individual circumstance.

Life insurance issued by Farmers New World Life Insurance Company, 3003 77th Ave SE, Mercer Island, WA 98040. Products and features may not be available in all states and may vary by state.

FL-04 02-13