Whole life insurance

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Whole life insurance is a common type of permanent life insurance offered by Life Insurance Company. Whole life insurance combines level premiums with guaranteed death benefits.
In addition, whole life insurance policies have guaranteed cash values which may be used by the policy owner to help support a variety of financial goals and they may produce excess credits which may be used to purchase additional paid-up life insurance, potentially increasing the available death benefit.
Whole life policies may also offer generally income tax- loans and death benefits.
Simple Whole Life is a whole life insurance policy combining the traditional guarantees of whole life with optional riders, potential to earn excess credits, and a discount for customers with other insurance policies.
Simple Whole Life features guaranteed level premiums payable to age 100 and guaranteed cash values. Unlike universal life insurance policies, the cash value, premium requirements, and death benefit of Simple Whole Life policy do not vary based on prevailing interest rates or market performance. It may be an ideal product for customers seeking more certainty.


Features

  • ·         Automated underwriting
  • ·         Discounts available for customers owning other Farmers policies
  • ·         Underwriting decisions possible in minutes after completing the application with your local agent


Benefit Whole Life


To help prepare for life's unexpected expenses, Graded Benefit Whole Life is a life insurance policy for those who want permanent insurance coverage with guaranteed cash values and guaranteed level premiums with a lower face amount. With a simplified underwriting process, the Graded Benefit Whole Life policy could offer individuals who may not qualify for other types of life insurance an opportunity to obtain permanent whole life coverage.







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