Premiums can increase at the end of the level term period. Term life generally offers the greatest amount of coverage for the lowest initial cost. If you have shorter-term needs and limited money to spend on insurance. It helps cover responsibilities that decrease or end over time, such as mortgages or car loans.
Simple Term Life insurance coverage is designed with a simplified life insurance application and accelerated underwriting process. This product offers level term insurance with face amounts low enough to fit most budgets and guaranteed premiums that are level for ten, twenty or thirty years.
Farmers Value Term provides affordable life insurance protection with premiums guaranteed not to increase for ten, twenty, or thirty years. When you need enough coverage to protect your family against loss of income or the cost of a mortgage, Farmers Value Term may be a cost-effective solution for you.
Farmers Decreasing Term life insurance is decreasing term coverage with premiums guaranteed to remain level as long as the policy is in force. The death benefit decreases monthly, instead of annually, to more closely follow the declining loan balance of a traditional fixed home mortgage. Once the death benefit decreases to a level equal to 20 percent of the initial face amount, it then remains level until the policy expires.
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.
¹ Policy form numbers 2005-261 series, 2005-271 series
² Policy forms 2000-228 series, 2000-230 series and 2002-226 series.
³ Policy form 1995-255-258 series
4 Coverages starting at $25,000 in TX and CA.