|Financial Strength Rating||A|
Where does Farmers do business?
Farmers is an insurance carrier based in Woodland Hills, CA. The company was founded in 1928 and offers life insurance in 50 states (and Washington, DC). Life insurance is important for anyone who has loved who depend on them financially. It can also help with final expenses and burial costs.
What types of life insurance coverage does Farmers offer?
Insurance carries typically offer a wide variety of policies. One of the best ways to save money on life insurance is to avoid unnecessary coverage. Only purchase policies and riders you actually need.
Here is a brief description of the coverage Farmers offers.
- Term Life Insurance - This is the simplest type of life insurance. It is payable if the insured person dies within a specific period of time, such as 5, 10, or 30 years. Farmers offers term lengths ranging from 10 to 30 years.
- Level Term Insurance - These are term policies that have the same fixed premium and payment amount throughout the life of the policy.
- Decreasing Term Insurance- This type of term insurance has fixed premiums but the death benefit decreases over the life of the policy.
- Whole Life Insurance - Whole life insurance policies remain in force for the entire life of the policyholder provided premiums are paid.
- Universal Life Insurance - This type of policy guarantees a fixed death benefit and an investment account. The cash value of the investment account will vary depending on the portfolio's performance.
How can you save money on a Farmers life insurance policy?
When you ask for a quote with Farmers, ask what policy discounts are available.
What is the financial strength rating of Farmers?The financial strength rating of a life insurance company scores its ability to pay contracts and policies.
Each agency has its own standards and rating scale and a company's rating can change any day. It's a good idea to check the financial rating of an insurance company before you purchase a policy.
There are five main rating agencies. SuperMoney's financial strength rating is based, among other factors, on the average score from available ratings.
Farmers scores an A or excellent, which is SuperMoney's second highest available score.
6301 Owensmouth Ave
Woodland Hills, CA 91367 USA
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Other Services by Farmers
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia