Interested in helping to protect your loved ones' financial future, but not sure where to begin? We've put our 100 years of experience and know-how at your disposal. With Josh Chapman Agency we’ll help you understand all aspects of our life insurance options.
Life is all about options and choices, and so is Life insurance. With a variety of coverage options and products, you can find the coverage that you want for your family and your needs.
Life insurance is a great way to help prepare for life’s unexpected moments. Like most of us, you probably worry about the future. Can we pay off the house? Will my kids get a good education? Will they grow up healthy and happy?
With life insurance, you can know that no matter what tomorrow may bring, you can help support your family’s financial future.
So, how do you get started?
Term life insurance policies generally offer the greatest amount of coverage for the lowest initial cost – they are the most straightforward form of coverage. If you have shorter-term needs and limited money to spend on insurance, a term life insurance policy from Farmers New World Life Insurance Company may be the best fit for you.
Policyholders generally pay a premium on a monthly or annual basis for the length of that term. Proceeds help to cover financial responsibilities that decrease or end over time, like mortgages or car loans, should something happen to the insured. With term life policies, premiums will increase at the end of the fixed-term period.
Term life insurance policies are typically used to help provide additional life insurance coverage during child-raising years, to help pay for short-term debts, to help pay off a mortgage, or to fund a college education should the unexpected happen.
Simple Term life insurance coverage is designed with a simplified life insurance application and accelerated underwriting process. This product offers level-term insurance with face amounts low enough to fit many budgets, and premiums that are guaranteed level for 10, 20, or 30 years.
Value Term provides affordable life insurance coverage with premiums that are guaranteed not to increase for 10, 20, or 30 years. When you need enough coverage to help protect your family against loss of income or the cost of a mortgage, Farmers Value Term may be a cost-effective solution for you.
Decreasing Term life insurance is decreasing-term coverage with premiums guaranteed to remain level as long as the policy is in force. The death benefit decreases monthly, rather than annually, to more closely follow the declining loan balance of a traditional fixed home mortgage. The death benefit amount decreases to 20% of the original face value over the duration of the term.
Whole life insurance is a common type of permanent life insurance offered by Farmers New World Life Insurance Company. Whole life insurance combines level premiums with guaranteed death benefits.footer note3
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 goalsfooter note4 and they may produce excess credits which may be used to purchase additional paid-up life insurance, potentially increasing the available death benefit.
EssentialLife® Simple Whole Life is a whole life insurance policy combining the traditional guarantees of whole life with optional riders (available at additional charge), potential to earn excess credits, and a discountfooter note8 for customers with other Farmers insurance policies.
EssentialLife 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 Farmers 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.
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.
For level insurance coverage throughout the life of the insured, Premier Whole Life features guaranteed level premiums and guaranteed cash values.