30 year level term life insurance. Whole Life Insurance : Whole Life Rates Quotes : Farmers Insurance

Lifetime (or life of the policy) coverage is guaranteed provided premiums are paid per terms of the contract. Life insurance policy.

The death benefit is guaranteed according to the terms of the contract and provided that premiums are paid.

Policy loans and withdrawals will reduce cash surrender value and death benefit. Policy loans are subject to interest charges. If your policy is a modified endowment contract, loans and withdrawals may be subject to taxes and penalties.

Distributions from a life insurance policy in the character of partial surrenders (withdrawals) up to basis or policy loans will generally be income tax free, provided the policy does not violate Modified Endowment Contract (MEC) guidelines and the policy is not terminated during the lifetime of the insured. MEC guidelines are rules in the Internal Revenue Code which specify maximum premiums that can be paid without triggering adverse tax consequences for withdrawals. A policy termination during the life of the insured can cause the owner a single taxable event for any gains in the policy that were borrowed or withdrawn on or before the termination date.

Direct insurance

For informational purposes only. In general, partial withdrawals from a permanent life insurance policy in excess of the policy’s basis are taxable, and limited circumstances exist where death proceeds will be taxable. Neither Farmers New World Life Insurance Company, its employees nor its Agents provide legal or tax advice. Always consult your own attorney, accountant or tax adviser as to the legal, financial or tax consequences and advice on any particular transaction.

Farmers EssentialLife Simple Whole Life, policy form 2008-352.

Qualifying Farmers customers may receive up to a 6% discount on the base premium rate per thousand. Contact your agent for more details.

Term life insurance

Farmers Graded Death Benefit Whole Life Insurance policy form number ICC17-FGDB or applicable state variation. Limited death benefit during the first two policy years.

Farmers Premier Whole Life (Farmers Premier Endowment at age 100 in IN and PA). Policy form 1995-112 or applicable state variation. Certain riders and benefits are not available after issue.