Life
What is Life insurance?
At Farmers®, we know it's difficult to imagine a time when you won't be there to help provide for your family. That's why Farmers
has developed a suite of Life insurance products* designed to help answer your Life insurance requirements, at any stage of life.
Whether you're a new family, empty nester, business owner, or single parent, Farmers has a Life insurance option to suit your needs
and budget.
Protecting Your Family:
By preparing in advance, you'll have the peace of mind that comes from knowing you're protecting your family's financial future. And
since Life insurance benefits are generally not taxable at the federal level**, your loved ones can use the benefits to help take care of
their living expenses in a variety of ways.
Any needs after the time of death, such as final illness expenses, burial costs and estate taxes.
Funds for a readjustment period, to finance a move, or to provide time for family members to find a job.
Ongoing financial needs, such as monthly bills and expenses, daycare costs, college tuition or retirement.
Safeguarding Your Business
If you're a business owner or have business partners, it's important to prepare for the unexpected. Farmers offers several Life
insurance products that are designed to help you, as a business owner, to make it possible for your heirs to help pay estate taxes and
help sustain the business during a change in management, or to help provide funds in order to execute a buy-sell agreement between
partners or stockholders.**
Contact a myself to learn more about how Life insurance can benefit you and your loved ones or beneficiaries.
What kind of Life Insurance do I need?
In a nutshell, Life insurance comes in two flavors: Term and Permanent. Farmers® offers several options for both types of Life
insurance coverage.
Term Life Insurance
Term Life insurance provides the greatest amount of coverage for the lowest initial cost so it is a good choice if your needs are
temporary or your funds are limited. Since term insurance provides coverage for a specific period of time (the "term"), you will have
to choose the number of years you will need coverage. The Company pays a death benefit only if you die during that term. Some term
insurance policies can be renewed at the end of the term. Premium rates may increase at each renewal date. Term insurance is useful
as coverage for responsibilities that will diminish or end over time, such as mortgages or car loans. Farmers offers several Term Life
Insurance options to choose from.*
Permanent Life Insurance.
Permanent Life insurance coverage is useful when you anticipate a long-term need and value the option of income-tax-favored
accumulation for future needs.** The accumulated value can be borrowed against and, in some cases, withdrawn to help meet future
goals. (Of course, accessing your accumulated value may reduce your death benefit). As long as you pay the necessary premiums,
there is no time limit (or term) restriction on the availability of your death benefit.
Products and features may not be available in all states and may vary by state.
*Life insurance issued by Farmers New World Life Insurance Company, Mercer Island, WA 98040
**This document is for informational purposes only. You should consult your attorney, accountant, or tax advisor for legal or tax
advice.
***For more information about Life insurance coverage considerations, visit the Life and Health Insurance Foundation for Education.
Life insurance issued by Farmers New World Life Insurance Company, Mercer Island WA 98040
At Farmers®, we know it's difficult to imagine a time when you won't be there to help provide for your family. That's why Farmers
has developed a suite of Life insurance products* designed to help answer your Life insurance requirements, at any stage of life.
Whether you're a new family, empty nester, business owner, or single parent, Farmers has a Life insurance option to suit your needs
and budget.
Protecting Your Family:
By preparing in advance, you'll have the peace of mind that comes from knowing you're protecting your family's financial future. And
since Life insurance benefits are generally not taxable at the federal level**, your loved ones can use the benefits to help take care of
their living expenses in a variety of ways.
Any needs after the time of death, such as final illness expenses, burial costs and estate taxes.
Funds for a readjustment period, to finance a move, or to provide time for family members to find a job.
Ongoing financial needs, such as monthly bills and expenses, daycare costs, college tuition or retirement.
Safeguarding Your Business
If you're a business owner or have business partners, it's important to prepare for the unexpected. Farmers offers several Life
insurance products that are designed to help you, as a business owner, to make it possible for your heirs to help pay estate taxes and
help sustain the business during a change in management, or to help provide funds in order to execute a buy-sell agreement between
partners or stockholders.**
Contact a myself to learn more about how Life insurance can benefit you and your loved ones or beneficiaries.
What kind of Life Insurance do I need?
In a nutshell, Life insurance comes in two flavors: Term and Permanent. Farmers® offers several options for both types of Life
insurance coverage.
Term Life Insurance
Term Life insurance provides the greatest amount of coverage for the lowest initial cost so it is a good choice if your needs are
temporary or your funds are limited. Since term insurance provides coverage for a specific period of time (the "term"), you will have
to choose the number of years you will need coverage. The Company pays a death benefit only if you die during that term. Some term
insurance policies can be renewed at the end of the term. Premium rates may increase at each renewal date. Term insurance is useful
as coverage for responsibilities that will diminish or end over time, such as mortgages or car loans. Farmers offers several Term Life
Insurance options to choose from.*
Permanent Life Insurance.
Permanent Life insurance coverage is useful when you anticipate a long-term need and value the option of income-tax-favored
accumulation for future needs.** The accumulated value can be borrowed against and, in some cases, withdrawn to help meet future
goals. (Of course, accessing your accumulated value may reduce your death benefit). As long as you pay the necessary premiums,
there is no time limit (or term) restriction on the availability of your death benefit.
Products and features may not be available in all states and may vary by state.
*Life insurance issued by Farmers New World Life Insurance Company, Mercer Island, WA 98040
**This document is for informational purposes only. You should consult your attorney, accountant, or tax advisor for legal or tax
advice.
***For more information about Life insurance coverage considerations, visit the Life and Health Insurance Foundation for Education.
Life insurance issued by Farmers New World Life Insurance Company, Mercer Island WA 98040
 | |  | |  | |  |