Life Insurance
Planning for your family's future
Life insurance is an intimidating subject for most of our clients to discuss – it’s not fun thinking about your own mortality! That said, getting life insurance can help to fill a critical financial gap that many people are missing. In case the unexpected happens and you aren’t around, life insurance will help lighten your family’s financial burden. Do you want to help plan for your family’s future if they must go on without you?
We offer 3 different options for life insurance:
Term Life Insurance:
This type of insurance keeps premiums level for 10, 20 or 30 years, after which your premiums will generally increase. Coverage continues as long as the premiums are paid.
Whole Life Insurance:
You are insured throughout your lifetime, or until the policy matures, as long as you continue to pay your premiums (which stay level for the entirety of the policy). You can accumulate a cash value that can be accessed for a variety of purposes while you’re still alive.
Universal Life Insurance:
This is permanent insurance (insured throughout your lifetime, or until the policy matures) that may also accumulate a cash value. You can tailor a policy to meet changing priorities with flexible premiums and face amounts. Universal life offers you more control over how quickly your cash value grows.
What’s the best coverage for you?
When it comes to life insurance, there’s no such thing as “one size fits all.” Everyone has different needs, goals, and financial considerations. That’s why coverage comes in a variety of forms, with a range of features you can tailor to your unique situation:
- Your family is young and growing, so you may be juggling a mortgage, auto loans and childcare costs. While your expenses may continue to expand over time, you may want an affordable life insurance policy that helps you plan for your family’s financial future until the kids are grown and the house is paid off.
- You’re more established in life. In addition to providing a death benefit to your beneficiaries, you may leverage the loan or partial surrender features of certain policies to help support things like supplemental retirement income, caring for a family member with a disability or preparing for eventual estate taxes.
- You’re single and have no children. The death benefit proceeds from your life insurance policy may help support obligations such as the costs of your personal debts, medical bills or final expenses — and may also help leave a legacy to someone you love or a favorite charity.
“Brad and his staff have supported me with my insurance needs as a single Mom. Taking time and patience to answer questions and assist as we faced life changes. I’m so happy that Insurance companies like them exist. I have and do recommend them to friends, family, and coworkers. Thanks.”
— Debra G
Frequently Asked Questions
Our goal is to provide you with the confidence and peace of mind that you’re protected from all things unexpected.
I’m single without any dependents. Why should I get life insurance?
I’m a senior citizen and have never gotten life insurance. Am I even eligible?
I have a serious illness/disease and multiple insurance companies have declined me for life insurance. Do you have any options for me?
Solutions for Your Needs
Find out if you can get more value and convenience from Farmers when you purchase multiple policies. Ask us if you qualify for multiline discounts.