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Life, Health & Annuity |
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Whole Life Insurance |
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Permanent form of life coverage that is provided
for the insured's lifetime. Whole life plans build cash value
that the policy owner may borrow during the insured's lifetime,
at a reasonable rate of interest. If there is an outstanding
loan at the time of the insured's death, the death benefit is
reduced by the loan amount. There are two whole life products. |
| • Farmers Premier Whole Life
is a fixed premium, non-participating policy that features level
premiums guaranteed never to increase over the life of the policy,
a level death benefit and guaranteed cash values. |
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• Farmers Fixed Premium Whole Life
is a nonparticipating whole life insurance policy that provides
a level amount of protection to age 100 and a cash value with
a guaranteed rate of 4 1/2 percent. Policy loans, as well as
reduced paid-up and extended term nonforfeiture options are
available. |
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Universal Life Products |
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A Permanent form of life coverage that offers
a great deal of flexibility to the policyholder. Premium payments
may be varied, death benefits may be changed, partial surrenders
are allowed, and cash value may be accessed either through loans
or direct withdrawals. |
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Term Products |
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Term Insurance: The simplest form of life coverage,
term insurance is no more
than a matter of premiums and a death benefit. The name fits
since term insurance's span of coverage lasts only a specified
period of time; if the insured dies while the policy is in force,
the death benefit will be paid to the designated beneficiary. |
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Annuity Products |
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Annuity: A living benefit. A policy under which
an insurance company promises to make a series of periodic payments
to a named individual in exchange for a lump sum payment or
a series of payments. |
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Health Products |
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Our health insurance is written through Unicare
Life and Health. UniCare emphasizes quality care, freedom of
choice, and an extensive network of physicians, hospitals, and
other health care providers. When using UniCare participating
providers, you are given negotiated discounted rates which,
in turn, provides you with the quality care you deserve while
reducing your out-of-pocket costs. Deductibles range from 500
to 10,000 dollars annually. |
UniCare offers a selection of FIT health plans
with various annual deductibles and price points, and the UniCare
Saver Plan, all to meet your coverage needs and
budget. |
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PPO plans offer the freedom to choose your health
care provider |
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Annuity Products |
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An Annuity is a living benefit. A policy under
which an insurance company promises to make a series of periodic
payments to a named individual in exchange for a lump sum payment
or a series of payments. There are several types including; |
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• Flexible Payment Annuity
• Farmers Annuity Plus
• Single Premium Deferred Annuity
• Farmers Equity Indexed Annuity
• Single Premium Immediate Annuity |
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• Farmers Premier Universal
is a flexible premium, adjustable life policy that is similar
to FFUL but has features that allow it to reach other market
segments. |
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• Farmers Flexible Universal combines
the advantages of permanent protection and competitive cash
accumulation with the ability to adjust the timing of premiums,
amount of premiums and type of death benefit. This allows the
product to fit the changing insurance needs of your client for
a lifetime. |
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• New Farmers Flexible Universal
combines the advantages of permanent protection and competitive
cash accumulation with the ability to adjust the timing of premiums,
amount of premiums and type of death benefit. This allows the
product to fit the changing insurance needs of your client for
a lifetime.
Term Insurance: The simplest
form of life coverage, term insurance is no more than a matter
of premiums and a death benefit. The name fits since term insurance's
span of coverage lasts only a specified period of time; if the
insured dies while the policy is in force, the death benefit
will be paid to the designated beneficiary. The types of term
are. |
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• Farmers Level Term 2000:
Farmers Level Term 2000 plans comply with Regulation XXX statutory
requirements. These plans are ideal for a variety of personal
and business life insurance needs. They are designed for both
current and potential new prospects. The premiums are priced
at a level that allows you to provide sufficient protection
at a competitive cost. |
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• Farmers Decreasing Term:
Farmers Decreasing Term Life Insurance is decreasing term insurance
with premiums guaranteed to remain level as long as the policy
is in force. The death benefit decreases over the policy's term
until it equals 20 percent of the initial face amount, where
it will remain level until expiration. Over a policy year, the
death benefit decreases monthly on a 10 percent amortization
schedule to mirror the policyholder's actual mortgage balance. |
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• Farmers Simple Term:
Farmers Simple Term Life insurance1 coverage is designed to
simplify the Life insurance application and accelerate the underwriting
process. This product offers level term insurance with face
amounts low enough to fit most budgets and guaranteed premiums
that are level for 10, 20 or 30 years. |
