Universal Life Insurance

Maybe you’re shopping for your first house together. Or you’re planning to have children — but not for a few years. Perhaps your next promotion will put you on the leadership team. Change is a constant in life — and often brings new needs and priorities.

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Farmers New World Life Insurance Company offers universal life coverage that’s designed to adapt with features like:

  • Flexible premiums1 and frequency of payments
  • Adjustable benefits and coverage levels
  • Potential cash value accumulation over time

Your Farmers® agent can provide insights as you choose your coverage. And here are a few ways universal life may help you:

You want flexibility


You want financial flexibility — and the ability to diversify the assets in your financial portfolio.


Farmers EssentialLife® Universal Life2 lets you set the frequency and amount of your premiums — and even adjust your policy’s face value, subject to underwriting guidelines. You may have access to a cash value3 that earns interest, and growth is generally income tax-deferred.4


Here are some features of Farmers EssentialLife Universal Life:

  • Coverage issued between the ages of 15 days and 80 years
  • Coverage starting at $50,0005
  • The flexibility to adjust the frequency and amount of your premiums as your needs change
  • Life insurance proceeds that are generally income tax-free

You’d like to help protect your assets against down markets


You want the flexibility of universal life, and the potential for gains when there’s growth in the market — but you’d also like to help protect your assets when the market underperforms.


Farmers Index Universal Life®6,7 allows you to allocate part of your premium in indexed S & P 500® or Russell 2000® accounts — you can choose either or both to help you grow your cash value. Unlike investing directly in the stock market, the Farmers Index Universal Life policy provides a 0% floor that may help you protect your assets from market-related losses in years when indexes perform poorly.

Here are some features of Farmers Index Universal Life:

  • The better the indexes do, the more interest you earn, which is credited to your cash value.
  • You can also allocate part of your premiums into two fixed interest accounts with a guaranteed minimum rate of return — 1% in the long-term fixed account or 0.1% in the short-term holding account, which also allows convenient fund transfers to other accounts.
  • The flexibility to adjust the frequency and amount of your premiums as your needs change.
  • An ability to adjust your policy’s face amount — subject to underwriting guidelines — after the first policy year.
  • Life insurance proceeds that are generally income tax-free.
  • Access to the policy’s cash value.
  • The ability to use your policy for business succession planning, such as helping to fund buy-sell agreements.

Farmers works to build strong customer relationships

Farmers Life® has spent over 100 years putting customers first. Are you shopping for coverage, or do you have a question about your policy? Maybe you’re ready to get a universal life insurance quote. Be sure to let a Farmers agent deliver personalized service and support.

To learn more about what Farmers can do for you, call an agent today.

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¹ This policy may lapse if you do not pay enough premiums to continue coverage. The cost to keep your policy in force will increase over time.

² Policy Form I C C 18-FEUL or applicable state variation.

³ Cash values may be accessible through policy loans. Policy loans that are not repaid and partial surrenders will reduce cash surrender value and death benefit. Policy loans are subject to interest charges. If your policy is a modified endowment contract, loans and surrenders may incur taxes and penalties.

⁴ Farmers® companies, employees, agents, and representatives do not provide legal or tax advice. In general, partial or full surrenders from a permanent life insurance policy in excess of the policy’s basis are taxable. Limited circumstances exist where death proceeds will be taxable. This material has been prepared for general informational purposes only, and is not intended to provide and should not be relied on for tax, legal or financial advice. Because each individual’s situation is different, specific advice should be tailored to your particular circumstances; you should always consult your own tax, legal and other advisors before engaging in any transaction. This material reflects our general understanding of current law as of the date hereof, but tax laws and IRS administrative positions may change. This material is not intended to and cannot be used to avoid any Internal Revenue Service penalties. We specifically disclaim any liability resulting from the use or application of information contained in this publication.

⁵ Available face amounts may vary.

⁶ Policy form ICC18-FIUL or applicable state variation.

⁷ S&P 500®is an American stock market index that reflects the market performance of 500 large-cap companies. 

Russell 2000® is the most widely quoted measure of the performance of small-cap stocks traded in the U.S. 

Indexed account credits are calculated at the end of each one-year segment for each indexed account. The growth rate is calculated based on the value of the index at the end of the segment compared to the value of the index at the beginning of the segment. The growth rate is then multiplied by a participation rate and capped at the cap rate declared by the company, and cannot be less than the minimum guaranteed rate of 0%.

The S&P 500 Index is a product of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates(“SPDJI”) and has been licensed for use by Farmers New World Life Insurance Company (FNWL).Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global(“S&P”);   Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by FNWL. The Farmers Index Universal Life®(FIUL) product is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.

Russell Investment Group is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Russell Investment Group. 

The Farmers Index Universal Life product is not promoted, sponsored or endorsed by, nor in any way affiliated with Russell Investments (“Russell”).  Russell is not responsible for and has not reviewed the FIUL product or any associated literature or publications and Russell makes no representation or warranty, express or implied, as to their accuracy, or completeness, or otherwise. 

Russell reserves the right, at any time and without notice, to alter, amend, terminate or in any way change the Russell Indexes.  Russell has no obligation to take the needs of any particular fund or its participants or any other product or person into consideration in determining, composing or calculating any of the Russell Indexes. 

Russell’s publication of the Russell Indexes in no way suggests or implies an opinion by Russell as to the attractiveness or appropriateness of investment in any or all securities upon which the Russell Indexes are based.  

Russell makes no representation, warranty or guarantees as to the accuracy, completeness, reliability or otherwise of the Russell indexes. Russell makes no representation, warranty or guarantee regarding the use, or the results of use, of the Russell indexes or any data included therein, or any security (or combination thereof) comprising the Russell indexes.  

Russell makes no other express or implied warranty, and expressly disclaims any warranty, of any kind, including without limitation, any warranty of merchantability or fitness for a particular purpose with respect to the Russell index(es) or any data or any security (or combination thereof) included therein.

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