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Get a quote if…
Choose a different provider if…
18 to 65
Issue Age
15,000 to No Limit
Coverage
Yes
Medical Exam Required
Policies | Term, Whole, Universal, Accidental Death |
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Coverage maximum | No Limit |
Term lengths | 10-, 20- and 30-year |
Medical exam required | Yes |
Available states | Nationwide |
Issue age | Not listed |
Riders |
No info available |
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Review by
Rhys Subitch is a former writer and editor at Finder who tackled topics across the site. With half a decade of experience researching, editing, and writing for a Fortune 500 company, university, and several independent publications, Rhys brought readers the most up-to-date and curated information on all things finance.
Farmers offers three life insurance policy types: term, whole and universal. Each has its own pros and cons, but all plans are personalized according to your needs. And no matter what policy you choose, bill pay and claim reporting are both available online.
Overall, you’ll find variety and flexibility with this company, along with a history steeped in insurance expertise.
You can use the quote tool on the Farmers website to get an estimate of what you might pay for a policy. Coverage cost is determined by the policy type and amount, and your personal level of risk.
Risk assessment is common for most life insurance policies, and although Farmers Life doesn’t require a medical exam for most of its products, several do have a medical questionnaire. Questions may include such things as age, current health status and lifestyle.
As with most insurance carriers, getting a good rate starts with knowing how much coverage you need — and Farmers Life has a life insurance calculator to help you out. By not getting more than your family will need, you can save on premiums.
The company also offers preferred rates for its term life product. The rate is determined by factors such as your gender, age, overall health, occupation and whether you use nicotine products.
Farmers Insurance recently updated their nicotine rate policy. So, even if you use nicotine, you may still be eligible for a better rate if you’re in good overall health and under its Gold Plus plan. Plans and preferred details aren’t available on the company website, but an agent can go over the details that are specific to you.
If you’d like to talk to an agent, simply click the Find an agent button at the top of the Farmers Insurance website. Otherwise, you can get a quote online by following a few simple steps.
You’ll have access to four life insurance options with Farmers Life, including term, whole and universal policies. Each type fits different financial and coverage needs. Here’s a quick breakdown of the four:
Farmers Life offers three main types of riders, namely a disability, critical illness and an accelerated death benefit rider. Here’s how they break down.
The company earns an A+ rating with the Better Business Bureau (BBB) as of October 2020 and is accredited by the agency. Its customer review section has 106 reviews, but the average rating is a low 1.5 out of 5 stars. Many customers cite a poor claims process with its home and auto insurance products.
Consumer review ratings on Trustpilot currently sit at an average of 2.5, but only 16 reviews have been reported at the time of writing. So, this small pool of reviews may not provide a clear picture on the overall performance for a nationwide insurance provider of this size.
AM Best financial rating |
A |
BBB accredited | Yes |
BBB rating | A 1.48/5 out of 115 customer reviews |
Trustpilot score | 12/5 out of customer reviews |
JD Power score | 1 |
Customer reviews verified as of | 20 January 2021 |
If you’re looking for more options to compare, take a look at these other providers.
Farmers Insurance has been providing insurance expertise since 1928 and currently serves over 10 million households and services over 19 million individual policies across all 50 states.
It offers a range of other insurance products to choose from, including auto, home, business, recreational vehicle, motorcycle and umbrella insurance. And you can check out its other financial solutions to help you build your wealth and further protect yourself and loved ones.