Term Life Farmers New World Life Insurance sells both decreasing and level term insurance.  Level term plans are sold for 5, 10, 20 and 30 years with a guaranteed level premium.  Face amounts for level term start at $100,000.  Term policies have options available and can be converted to a universal or whole life policy without another health check. Simple term life insurance plans are available for 10, 20, and 30 years with face amounts between $50,000 and $150,000.  These require no health check and are usually approved within 24 hours.  Applications and signatures are processed electronically.  These policies can be converted into a whole life policy.  Farmers customers earn a 6% discount on these premiums.
Critical Illness Rider The Critical Illness Rider is a popular option that attaches to 20 and 30 year term policies.  The rider is available for amounts beginning at $10,000.  The most you can purchase is smaller of $250,000 or 50% of the face value of the policy. If you are diagnosed with: Heart Attack Stroke Cancer Kidney Failure Loss of Limb Paralysis Organ Transplant you will be paid the amount of the rider.  This payment is tax free cash and you can use it for anything you with.  You may need it to pay bills, take a vacations, or allow a loved one to take time off of work to help you recover.  This is an options that everyone should own.
Whole Life Whole Life Insurance is a permanent plan that pays upon death and accumulates a cash value.  Farmers whole life policy is paid up at age 100.  The premium is guaranteed never to change for the life of the policy.
Universal Life Farmers Flexible Universal Life policy allows you the flexibility to change your payment amount and skip payments if you have a balance in your accumulation account.  All money earns a guaranteed interest rate.  Ask us about our other Universal Life plans. All Farmers Life Products with a face value of $50,000 or more earn a 5% discount on your auto and home insurance. Contact us for details on any of our life insurance products.