Farmers Insurance

• High Financial Strength Ratings
• Good Policy Selection
• Helpful Resources

High Financial Strength Ratings

Farmers had received high financial strength ratings. High ratings are common for insurance companies because they indicate the insurer's financial stability and the likelihood it will be able to make future claims payments. You don't want to deal with your life insurance provider filing for bankruptcy.

Good Policy Selection

Farmers offers a range of life insurance policies. Whether you're looking for term life insurance, permanent life insurance, or even accidental death insurance, you can find a good option from Farmers.

Farmers offers two term life insurance policies: Farmers Simple Term and Farmers Value Term. These policies offer level premiums and the ability to convert to a permanent policy according to specified terms. Farmers Value Term allows for higher coverage levels and requires a medical exam for underwriting.

Farmers offers two whole life insurance options: Farmers EssentialLife® Simple Whole Life and Farmers® Graded Benefit Whole Life. The Farmers® Graded Benefit Whole Life is similar to a final expense policy. It offers lower coverage levels and eligibility is based on answers to three health questions. 

The Farmers EssentialLife® Simple Whole Life policy is a better fit for people interested in a whole life policy. Whole life insurance policies have set rates and guaranteed cash value growth.

You can also find universal life insurance from Farmers. You can opt for an indexed policy or Farmers EssentialLife® Universal Life policy. Universal life insurance offers more flexibility with coverage and premium levels than whole life insurance. These policies also allow you more control over how the policy's cash value is invested.

Farmers offerings make it competitive for the industry.

Helpful Resources

Like other life insurance companies, Farmers offers helpful online resources. Its Life Compass® page covers common misconceptions. Its calculator page identifies factors to consider when determining your coverage level.

• Contact Information Required for Quote
• Limited Customer Insight

Contact Information Required for Quote

Before you can receive an insurance quote from Farmers, you must provide contact information. Sometimes providing your contact information can lead to sales calls. If you're still in the research phase, you may prefer to work with another company to receive a quote.

Limited Customer Insight

Farmers life insurance has not received many reviews on BestCompany.com, so conclusions about customer satisfaction are unavailable. However, it's a good sign that the Farmers life insurance reviews received are mostly positive.