There may be times when you need an amount of temporary additional life insurance protection. This temporary need may be for as little as 5 years, 10 years, or as long as 20 years. Wouldn’t it be great if you could add this coverage at an affordable cost that may never increase? Whether for family or business needs, Farmers Level Term 2000 life insurance may be the right product to meet your needs.
Farmers Level Term 2000 plans provide Life Insurance coverage that remains level and, depending on your need, the premium may be guaranteed to remain the same for as long as you need the coverage. What’s more, this plan is very affordable.
Accelerated Death Benefit Rider
This rider is included with your policy at no extra charge. If you are diagnosed with a specified terminal illness while your policy is in force, this rider gives you the option to request payment of a portion of the policy’s death benefit. The amount available will vary and will be calculated by Farmers New World Life at the time of the request.
Family needs
Farmers Level Term 2000 Life Insurance coverage can help safeguard your family’s financial ecurity by providing a death benefit that can be used to:
- Pay off a mortgage balance
- Help fund a child’s college education
- Provide family income
- Pay off personal debts
- Pay final expenses
Business Needs
Farmers Level Term 2000 coverage can be used to meet a variety of business Life Insurance needs. Some of these needs may include:
- Key Person coverage
- Security for a business loan
- Funding for a Buy/Sell agreement
- Low-cost optional employment benefit
Riders and benefits
For an additional cost, these riders and benefits may be added to tailor your Farmers Level Term 2000 policy to fit your special circumstances:
- Waiver of Premium
- Accidental Death Benefit
- Children’s Rider
Deposit fund
This optional side fund may be used to build cash reserves for the future. Payments may be made into the fund if there is no policy loan outstanding. The minimum payment is $25. Interest is compounded annually, and the fund earns a competitive current interest rate. Withdrawals from the fund do not affect the policy’s death benefit.
Want to know how much a term life plan would cost you? Ask us for a free term life insurance quote.