Farmers Life Insurance Review

You will never make a more important purchase than your life insurance policy, but it’s not always the easiest. Nobody wants to think about his or her own death, but you need to get your family the protection they need. With the hundreds of different companies and dozens of different policy types, it can be overwhelming trying to find the policy that fits your needs the best. Fortunately, we are here to help you on that search.

Farmers Life Insurance is a brand that many people know about, thanks to their constant advertising and their catchy “We are Farmers” jingle. I love those commercials probably just as much as you do. If we picked the best life insurance company based on their commercials and jingles, they would be the clear winner. But it’s important to consider not just their popular jingle, but whether they are really the right choice for life insurance.

farmersThis review of Farmers Life Insurance will look at the history of the Farmers company, the positives and negatives of their life insurance policies, and whether the company is right for you. Our conclusion is that while Farmers may have competitive rates in the home and auto industry, they are not the best choice for life insurance, and this blog post will explain why.

When you’re shopping for life insurance coverage, it can be difficult to find the perfect plan for you and your family. There are dozens of different kinds of policies that you should compare and hundreds of different companies. Every company is going to offer different rates and types of plans. I know that shopping for life insurance can be a long and difficult process, but that’s why I am here to help. It’s my mission to ensure that you’ve got the best plan possible.

Farmers Life Insurance – History:

Let’s start off with a bit about Farmers as a company. They were founded in 1928 and currently insure more than 10 million Americans, making them a financially sound company. A.M. best considers Farmers an excellent company, giving them an A rating, and due to their excellent reputation and local offices, many people do use Farmers for their home and auto insurance.

Farmers has been involved in some high-profile lawsuits in the past 10 years, though. Many of these lawsuits resulted from Farmers being quite slow to pay out insurance claims. Farmers often chose to pay out their claims and settle out of court.  If you’re looking for a safe and sound company that you don’t have to worry about going bankrupt or losing coverage because of some fault of the company’s, you won’t have to worry if you choose Farmers Life.

Comparing Farmers Rates

We wanted to compare Farmers rates with those of other high-profile life insurance policies. To do that, we went to the Farmers website and pretended to be a 38-year-old male who is searching for a 20-year term life insurance policy. A $500,000 policy would have required us to pay a monthly premium of $62. That’s a good deal, but using our quote tool to compare rates among multiple life insurance companies can save you almost 50 percent for the same policy.

Every life insurance company is different, and all have different systems that they use for calculating their monthly premiums. You could receive drastically different premiums from two different companies for the exact same size policy.  It’s important to compare rates from many different life insurance companies to ensure that you get the best deal possible. There are many high-quality life insurances companies who are competing for your business and comparing rates is the best way to get a good policy at affordable monthly premiums.

Because there are so many life insurance companies on the market, you could spend days calling different agents and getting quotes. Your time is valuable, don’t waste it on the phone or filling out forms online, let us do all of the tedious work for you. We have included more company reviews on our site for your reference as well, to be able to get a better understanding of what companies offer and what their pros and cons are. We highly recommend you take a look at all of our reviews we have posted for your reference, such as our  Globe Life Insurance Review  or our Colonial Penn Review, before making your final decision on coverage.

Simply fill out the quote form on the side with your information and all of the best rates will come directly to you. We can help you find the perfect policy at the perfect price.

Getting Lower Monthly Premiums

Life insurance is one of the most important things you’ll buy for your family, but a lot of people assume that they can’t afford the quality policy that they need, but this couldn’t be further from the truth. Aside from comparing different companies, there are several other ways that you get ensure that you’re getting the best coverage at the lowest rates. If you want to save money on your insurance plan, there are several things you need to do.

The first is to kick your bad habits like smoking or excessive drinking. Both of these can wreck havoc on your health and your insurance premiums. Smokers looking for life insurance are going to pay as least double for their life insurance versus what a nonsmoker is going to pay. In some cases, smokers could even pay triple what a nonsmoker will pay. If you want to save thousands of dollars on your insurance plan, it’s time to put those cigarettes down.

Similar to quitting smoking, if you want to save money, you’ll need to improve the rest of your health as well. After you complete the initial paperwork, Farmer’s Insurance (or any other company that you choose) is going to schedule a paramedic to come to your house and complete a simple medical exam. During this medical exam, the insurance company is going to want to see how your overall health is. They will look at your weight, blood pressure, cholesterol, and they will also take a blood sample and a urine sample. If you want save money, it’s time to start focusing on your health and working to improve it.

It’s important that you start a healthy diet and a regular exercise program. Both of these are going to work wonders on your health, mood, energy levels, and your insurance premiums. It’s going to help you lose weight, lower your cholesterol, and lower your blood pressure, and three of which translate into more savings on your life insurance rates.

If you want to the best rates, you need to consider how large of a policy you’re going to purchase. The more insurance coverage you buy, the more you’ll pay in monthly premiums. Make sure that you aren’t trying to purchase more coverage than your family needs.

Comparing Farmers Life Insurance to Other Insurance Companies

Farmers Life is only one company on the market. More than likely, they are not going to be the best option for you, but don’t worry, there are plenty of other options that you can choose from. The best way to decide which company is going to work best for you is to work with an independent insurance broker. Unlike a traditional insurance agent, independent brokers work with dozens and dozens of highly rated companies across the nation.

Every insurance company is different, and you’ll get drastically different rates depending on which company that you get the quote from. Finding the perfect company could be the difference in getting an affordable plan or paying for a plan that breaks your bank every month.

Comparing rates between companies shows that there are many insurance companies that offer better rates than Farmers, such as Prudential, Protective, Transamerica, and Banner Life. It’s possible to find A+ rated insurance companies while saving about 50 percent off of Farmers life insurance rates. If you have any questions about Farmers, life insurance, or any of the different types of policies available, please contact us today. We would be happy to answer those questions and make sure that you’re getting the life insurance coverage that you need.

Please call us at 1-888-552-6159, to get a quote or apply for life insurance, or compare rates by using our quote tool on this page.

You never know what’s going to happen tomorrow, which means you shouldn’t wait any longer to get the life insurance coverage that your family deserves. If something tragic were to happen to you, and you didn’t have life insurance coverage, your family would be responsible for all of your debts and other final expenses. Losing someone that you love is never going to be easy, but being responsible for a mountain of debt is never going to be easy.

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Doug Mitchell

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Comment (1)

  1. Izetta Smith says:

    Im looking for life ins. Fir both myself and husband

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