IUL Life Insurance
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We initiate the link, then you enter on your phone or computer your basic health information, privately. Then send it back to us and eSign to issue. Many policies don’t need doctors visit or blood tests. Policies up to 5M.
IUL Indexed Universal Life Insurance
Term Life Insurance
Term life is a type of life insurance policy where premiums remain level for period of time — generally for 10, 20 or 30 years.
After the end of the level premium period, premiums will generally increase. Coverage continues as long as the premiums are paid. Perhaps this is an option you may want to consider when you’re on a more limited budget and will have significant expenses over a shorter period of time. You can often pay a lower premium when you select a shorter level premium period — say, 10 years instead of 20 or 30. But since premiums are based on risk of death, once you are outside of the level premium period, a term life policy generally gets more expensive as you grow older.
Types of Riders
Accelerated Death Benefit / Terminal Illness Rider: Pays part of the death benefit early if the insured is terminally ill.
Critical Illness / Dread Disease Rider: Pays a lump sum on diagnosis of specified serious illnesses (e.g., cancer, stroke, heart attack).
Chronic Illness / Long‑Term Care (LTC) Rider: Allows use of policy proceeds to cover long‑term care or chronic illness expenses.
Waiver of Premium Rider: Waives future premiums if the insured becomes totally disabled.
Disability Income Rider: Provides a monthly income if the insured becomes disabled (different from premium waiver).
Guaranteed Insurability / Future Purchase Option: Lets the insured buy additional coverage later without new medical underwriting.
Term Conversion Rider: Allows conversion of a term policy to permanent coverage without evidence of insurability.
Spouse / Child Term Rider: Adds temporary term coverage for a spouse and/or children.
Accidental Death Benefit (Double Indemnity) Rider: Pays an extra benefit if death is caused by an accident.
Return of Premium Rider: Returns premiums paid (or increases death benefit) if the insured outlives a specified period—more common on term policies.
Cost of Living / Inflation Rider: Increases the policy’s death benefit over time to keep pace with inflation.
Family Income / Newborn Coverage Rider: Provides immediate small coverage for newborns or adds family income features.
Talk to your local Farmers agent to learn more about how you can use life insurance to help you protect your family’s financial future.
What do you love about your life? You might be grateful for a partner who understands you better than anyone else. Maybe you delight in watching your children embrace their talents. Perhaps a recent promotion is giving you the chance to flex some leadership skills. If all goes according to plan, you’ll pay off the mortgage, put your kids through college and enjoy a long retirement. But you know the unexpected could happen — do you want to help plan for your family’s future if they must go on without you? Life insurance may help lighten their financial burden.
Your Farmers® agent Secure Neighbors Agency can show you a number of coverage options you can tailor to your priorities and budget.
In fact, life insurance may be more affordable than you might think — in some cases less than your monthly spend on coffee. . Farmers New World Life Insurance Company offers three types of life insurance — and each has its own characteristics:
What’s the best coverage for you?
When it comes to life insurance, there’s no such thing as “one size fits all.” Everyone has different needs, goals and financial considerations. That’s why coverage comes in a variety of forms, with a range of features you can tailor to your situation. For example:
•Your family is young and growing, so you may be juggling a mortgage, auto loans and childcare costs. While your expenses may continue to expand over time, you may want an affordable policy for you to help plan for your family’s financial future until the kids are grown and the house is paid off.
•You’re more established in life. While primarily providing a death benefit to your beneficiaries, you may leverage the loan or partial surrender features of certain policies with available cash value, to help support things like supplemental retirement income, caring for a family member with a disability or preparing for eventual estate taxes.
•You’re single and have no children. The death benefit proceeds from your life insurance policy may help support obligations such as the costs of your personal debts, medical bills or final expenses — and may also help leave a legacy to someone you love or a favorite charity.
Indexed Universal Life IUL for Families
Possible Tax benefited Investment
Death Benefit Protection
Juvenile Policies
Tax-deferred cash value growth: Earnings inside an IUL accumulate tax-deferred, which can help build a cash reserve families can access later tax-efficiently (via loans/withdrawals).
Downside protection with upside potential: Index-linked crediting offers potential higher returns tied to market indexes while typically protecting principal from market losses (no direct stock exposure).
Flexible premiums: Policies often allow variable premium payments (within limits) which can help families adjust contributions during tight or prosperous years.
Guaranteed death benefit: Provides a life insurance payout to replace income, cover debts, or fund education—protecting dependents financially.
Liquidity for family needs: Cash value can be borrowed against for emergencies, college, mortgage shortfalls, or business opportunities without needing bank approval.
Loan repayment flexibility: Policy loans don’t have fixed repayment schedules, offering breathing room during financial strain (note: unpaid loans reduce death benefit).
Potential for long-term retirement supplement: With disciplined funding, IUL cash value can supplement retirement income, offering families an extra source alongside other retirement accounts.
Inflation hedge via indexing: Crediting tied to market indexes can help cash value grow faster than fixed-rate policies, aiding long-term purchasing power.
Policy riders for family protection: Common riders (child term, disability waiver, accelerated death benefit) let families add targeted protection for specific risks.
Estate and legacy planning: Can provide tax-efficient transfer of wealth to heirs or funds for estate costs when structured appropriately.
Indexed Universal Life IUL for Business
Key-person protection plus cash value: Provides death benefit to cover loss of a critical employee/owner while accumulating cash value the business can access for operations or buyouts.
Executive bonus/retention tool: Fund premium via employer-paid bonuses or split-dollar arrangements to offer executives a valuable deferred-compensation benefit that builds tax-deferred cash value.
Business continuation funding: Cash value can be used to finance buy-sell agreements, providing liquidity to buy out an owner’s interest if they die or retire.
Tax-deferred accumulation for corporate reserves: Allows a business to build a tax-advantaged cash reserve inside the policy for future needs (capital expenditures, acquisitions, downturns) accessible via loans/withdrawals.
Collateral for loans: Policy cash value or death benefit can serve as collateral for bank financing, potentially improving credit access or loan terms.
Flexible premium scheduling: Businesses can vary funding within policy limits to match cash flow cycles (useful for seasonal revenue).
Potentially higher upside than fixed whole life: Index-linked crediting can provide greater cash-value growth potential while offering downside protection, useful when seeking growth with limited market risk.
Estate and succession planning for owner-operators: Can help equalize inheritances among heirs or fund tax liabilities related to business succession.
Split-dollar and non-qualified deferred compensation strategies: Supports sophisticated executive compensation structures while providing employer control features.
Loan/leverage for strategic investments: Business can borrow from the policy to fund acquisitions, R&D, or bridge financing without external underwriting delays.
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