Farmers Life Insurance Review

Farmers Life understands that no two families have the same financial needs. Farmers Life provides you with the coverage that you need, not what everybody needs.

By: admin Posted: August 30, 2010

The Good

Strong Financial Backing • Low Premiums • Ability to Add Additional Riders • •

The Bad

Does not Specialize in Life Insurance

Overview

Farmers Insurance operates primarily in 41 states and has over 20,000 employees. Farmers Insurance is the third largest insurance provider in the United States. Farmers Insurance maintains the following motto, " Farmers will drive innovation and operational excellence to provide the best value and experience for every customer we are privileged to serve."

Policies / Plans

Farmers Life Insurance offers three main policies: Term Life, Whole Life and Universal Life Insurance. The policies are structure as followed:

Term Life Insurance: Terms can last for 10,20, or 30 years. The premiums are locked in for the terms period. A term life insurance policy is renewable and can also be transferred into a whole life insurance policy.

Whole Life Insurance: Whole Life Insurance lasts until a policyholder dies. Whole Life policies accumulate a cash value and premiums are locked in for a specific time period.

Universal Life Insurance- Universal life insurance policies from Farmers Life are very similar to Whole Life policies. The main difference is that universal life insurance policies accumulate a high cash value.

Pricing / Rates

Farmers Insurance Group offered very competitive premiums. A term life insurance quote was requested and a premium payment of $219 was offered. This is extremely competitive compared to other top life insurance companies. There were also many additional riders that could have been included on the policy for only a few extra dollars per month.

Getting A Quote

Receiving a quote is very easy to receive. You can request a quote online if you do not have much time available to you. If you are looking to speak to a real person, you can call Farmers Insurance's toll-free number and talk to an agent. He or She will best be able to serve your needs and problems.

Customer Service

Farmers Insurance Group provided excellent customer service. Their representatives were very knowledgeable and extremely helpful. The representative was quick to identify a problem within the policy and took little time to fix it. After talking to a customer service agent from Farmers Insurance I felt like I received customer support and spoke to somebody who actually cares about their customers.w

Summary

Overview:

Farmers Insurance Group has been providing a variety of insurance products such as auto, homeowners' and life insurance since 1928. Farmers Insurance has been adapting to the needs of Americans for decades but still holds themselves to the values their founders instilled upon the company so long ago. Farmers Insurance operates primarily in 41 states and has over 20,000 employees. Farmers Insurance is the third largest insurance provider in the United States. Farmers Insurance maintains the following motto, " Farmers will drive innovation and operational excellence to provide the best value and experience for every customer we are privileged to serve."

Policies / Plans Rating:

9.6

Policies / Plans:

Farmers Life Insurance offers three main policies: Term Life, Whole Life and Universal Life Insurance. The policies are structure as followed: Term Life Insurance: Terms can last for 10,20, or 30 years. The premiums are locked in for the terms period. A term life insurance policy is renewable and can also be transferred into a whole life insurance policy. Whole Life Insurance: Whole Life Insurance lasts until a policyholder dies. Whole Life policies accumulate a cash value and premiums are locked in for a specific time period. Universal Life Insurance- Universal life insurance policies from Farmers Life are very similar to Whole Life policies. The main difference is that universal life insurance policies accumulate a high cash value.

Pricing / Rates Rating:

8.7

Getting A Quote Rating:

Getting A Quote:

Customer Service Rating:

Overall Rating:

9.50

Farmers Insurance Group is definitely an innovative and growing life insurance provider. Their products provide top-notch quality protection in case of death or accidents. One of the best things about buying policies from Farmers Insurance Group is that you can buy multiple types of insurance and lump them into one low premium payment. Farmers Insurance should be on everybody's checklist to receive a quote. Chances are you will find exactly what you want, for a price you can afford.