2010 FIA Just Keep Talking Referral Program Grand Prize Winner Frank Magana and Agent Jerry Farcone!
Life insurance is one of the most important insurance component of a family household. The least expensive way to get a life insurance policy is to purchase a Term Life Insurance policy. This is the simplest form of life insurance coverage. There are two types of Term Life Insurance - what’s called Simple Term and Term.
Farmers Simple Term Life Insurance works like the Term life insurance product, except that the insured does not have to take the medical test which simplifies the life insurance application and speeds up the entire underwriting process. Farmers Simple Term Life Insurance offers fixed payments with face amounts low enough to fit most budgets and guaranteed premiums for 10, 20, or 30 year terms. The maximum death benefit that is available with the Simple Term Life Insurance product is $150,000. Customers who are seeking a higher death benefit must apply for the regular Term life insurance and take the medical exam.
Term Life Insurance provides coverage at a fixed rate of payment for a fixed amount of years. Farmers Life Insurance has a 10 year, 20 year, or 30 year term (or period). If the insured dies during the term, the life insurance company is required to pay out the death benefit to the beneficiary.
Upon completing the life insurance application for a Term Life Insurance policy, the insured is required to complete a blood and urine sample. Based on the results of the application, the underwriting department will determine if the insured is a premier, preferred, or standard risk. Most insured’s will fall into the preferred or standard risk category.
Farmers Auto and Homeowner (including renters) customers could save up to 6% on their auto and home insurance by adding a life insurance policy to their household.
Please call me at 949-709-7860 or visit my website if you have any questions about Farmers term life insurance products.
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