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About Farmers New
World Life Insurance
Company
Farmers New World Life
was founded
as New World Life in 1910. The company changed its name in
1953
when it became a part of the Farmers Insurance Group franchise and,
today, the Los Angeles-based insurer
is one of the largest life insurance subsidiaries in the country. With a commitment to drive innovation and
operational
excellence, the company strives to provide the best value and experience
for every customer they serve.
Wiki Says
The
Farmers Insurance Group of Companies is a property and
casualty insurance group providing homeowners insurance, auto
insurance, life insurance, and financial services in the United States.
It is the third largest insurance group in the US servicing over 10
million households in 41 states.
Farmers New
World Life Says
Farmers
New World Life designed their life insurance options in hopes to best
fit each individual's requirements. These options include
term
life, whole life and universal life insurance. Term life is a form of
temporary insurance that provides coverage for a specified time frame,
usually a set number of years. If the policyholder dies
within
that period, the death benefits will be paid to the
beneficiary.
These policies are usually the least expensive and provide the most
coverage for your insurance dollar. Most term life agreement
plans are renewable or can be converted to a more permanent plan.
Whole life is a type of permanent insurance that provides coverage for
the entire lifespan of the policyholder. The premiums,
although
higher than those of term life policies, are usually set and guaranteed
for the life of the insured. The policy earns cash value that
may
be borrowed by the policyholder if needed.
As another form of permanent life insurance, universal life provides a
lifetime of coverage with less constraints than whole life. It
is
designed to provide protection that fits each individual policyholder's
changing financial situation. These policies offer cash
value
accumulation along with the flexibility to modify the time and amount
of premiums paid and death benefits paid out.
Contact Farmers New World
Life at
Farmers New World Life
3003 77th Ave. SE
Mercer Island, WA 98040
Telephone:
(206)232-8400
Sources: "Farmers
Insurance Group,” Wikipedia, June 2009; “Life Insurance Overview,”
Farmers Website, 2009, “80
Years Serving America" Farmers Website, 2009.
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