Life Insurance
Having a good life insurance policy is the single most important thing that you can do for yourself and your family. A good life
insurance policy will ensure that your family is protected in the event you are no longer around to support them. There are several
different options available when considering a life policy, all of which serve a particular purpose, therefore it is important that you
have a personal agent to assist you.
Life Insurance coverage can help safeguard your family's financial security by providing a death benefit or cash accumulation that can
be used to:
*Help pay off a mortgage balance
*Help fund a child's college education
*Provide family income
*Pay off personal debts
*Pay final expenses
Life Insurance coverage can also be used to meet a variety of business needs. Some of these needs may include:
*Key person coverage
*Funding for a buy/sell agreement
*Low-cost optional employment benefit
We offer three different life products:
*Term Life
*Whole Life
*Universal Life
Farmers Level Term 2000
There may be times when you need additional Life insurance coverage. Wouldn't it be great if you could add this coverage at an affordable cost that
might never increase? Whether for family or business needs, Farmers Level Term 2000 Life insurance may be the right coverage to meet your needs.
Farmers Level Term 2000 Life insurance provides Life insurance coverage that remains level. Premiums are guaranteed to remain level for either 5,
10, 20, or 30 years, depending on the policy you choose. Premiums are subject to change at the end of the guaranteed period. What's more, this
product is very affordable. Call us today to find out just how affordable protection for you and your family can cost.
Farmers Premier Whole Life
THE COVERAGE YOU NEED WITH THE FLEXIBILITY YOU WANT
If you are like most people, you're probably concerned about the safety of your Life insurance cash values and the policy's guarantees. You also
would like a policy that allows you the option to change along with your financial position. Farmers has a Life insurance policy that can alleviate these
concerns. It's called Farmers Premier Whole Life.
This policy combines the safety of guarantees found in traditional Whole Life insurance policies with the flexibility our One-Year Term
Insurance (a rider that lets you blend term life with whole life) and Single Premium Riders (provides additional coverage on yourself and builds its
own cash value) offer.
This creates a dynamic Life insurance policy that can meet a variety of needs:
*Young adults just beginning an insurance program who need a basic policy to build upon
*Families needing Life insurance coverage while saving for a down payment on a home, to build funds for their child's education,
or to supplement retirement income
*Professionals or small businesses needing a large amount of coverage for a limited period of time
Farmers Premier Whole Life is a permanent Life insurance policy that offers several guarantees:
*Level premiums for as long as the policy is in force
*Level death benefit
*Cash value
Excess Credits
Unlike similar policies, Farmers Premier Whole Life makes it possible for future premiums to be offset by Excess Credits. Put simply, an Excess Credit
is money. Each year, based on our future expectations of investment, mortality and expense experience, we may declare Excess Credits on your
policy.
These Excess Credits belong to you and can be used one of 4 ways:
Purchase Paid-Up Additions (PUA)-- A Paid -Up Addition is Life insurance paid in full by the amount of the Excess Credits. PUAs have a level death
benefit and cash value, and can earn Excess Credits. Put another way, we may provide the funds for you to buy more insurance. Then we may
provide funds on that insurance to buy even more insurance-- without evidence of insurability! You can imagine the compounding effect on your
original policy. This option is automatic, unless you request another option.
Paid In Cash-- Choosing this option allows you to use the cash however you choose.
Reduce Future Premiums-- If you choose this option, we will apply the amount of the excess credit to the premium. Your policy's death benefit, cash
value and excess credits will not increase as rapidly as if you purchase PUAs. Instead, your Excess Credits will be used to reduce premiums each
year. Eventually, the Excess Credits may become large enough to offset the entire premium due each year.
Add to the Deposit Fund-- This option is similar to the second option in that the Excess Credits are not applied to the base policy. However, they
are not paid directly to you, but instead are paid directly into your Deposit Fund. If there is a policy loan, it must be paid off before an Excess Credit
can be deposited into the Deposit Fund.---Excess Credits are not guaranteed.
FARMERS PREMIER UNIVERSAL LIFE
LIFETIME SECURITY FOR YOU AND YOUR FAMILY
The Farmers Premier Universal Life offers you all of the advantages of a flexible Life insurance policy coupled with a cash Accumulation Account which
earns a competitive interest rate. It is designed to meet a variety of your current and future Life insurance and cash accumulation needs, from
mortgage protection to retirement. Because of its flexibility, you can readily adjust your coverage as your circumstances change.
Farmers Premier Universal Life can provide:
*Income tax-deferred cash accumulation
*Lifetime security for you and your family
*Flexible premium
*Flexible benefits
Flexible Premium
Unlike traditional insurance policies, with Farmers Premier Universal Life you decide when-- and how much-- to pay toward your insurance policy, with
broad limits. Your first premium payment will start your policy and establish its Accumulation Account.
The account (minus initial charges) immediately begins earning at a competitive current interest rate. While the current rate is not guaranteed, the
account is guaranteed a minimum 4 percent interest rate. After your policy is in force, the cost of insurance is deducted from the Accumulation
Account each month-- automatically!
Tax-deferred cash accumulation
The growing Accumulation Account is the source of your cash values. You may surrender the policy for the entire cash value, or make partial
surrenders for part of the cash value. A surrender charge is deducted during the first fifteen years.
Based on current tax law, all interest credited to your account is income tax-deferred. This means you are not taxed each year, but ONLY when you
take cash out. And if you wait until retirement, you may be in a lower tax bracket.
In addition, you may use part of all the available cash value to secure a loan.
When it comes to protecting your family you can count on De Fazio Insurance Agency to be here for you. Call us today and see what a
Farmers life policy can do for you!
Back to Products Page
insurance policy will ensure that your family is protected in the event you are no longer around to support them. There are several
different options available when considering a life policy, all of which serve a particular purpose, therefore it is important that you
have a personal agent to assist you.
Life Insurance coverage can help safeguard your family's financial security by providing a death benefit or cash accumulation that can
be used to:
*Help pay off a mortgage balance
*Help fund a child's college education
*Provide family income
*Pay off personal debts
*Pay final expenses
Life Insurance coverage can also be used to meet a variety of business needs. Some of these needs may include:
*Key person coverage
*Funding for a buy/sell agreement
*Low-cost optional employment benefit
We offer three different life products:
*Term Life
*Whole Life
*Universal Life
Farmers Level Term 2000
There may be times when you need additional Life insurance coverage. Wouldn't it be great if you could add this coverage at an affordable cost that
might never increase? Whether for family or business needs, Farmers Level Term 2000 Life insurance may be the right coverage to meet your needs.
Farmers Level Term 2000 Life insurance provides Life insurance coverage that remains level. Premiums are guaranteed to remain level for either 5,
10, 20, or 30 years, depending on the policy you choose. Premiums are subject to change at the end of the guaranteed period. What's more, this
product is very affordable. Call us today to find out just how affordable protection for you and your family can cost.
Farmers Premier Whole Life
THE COVERAGE YOU NEED WITH THE FLEXIBILITY YOU WANT
If you are like most people, you're probably concerned about the safety of your Life insurance cash values and the policy's guarantees. You also
would like a policy that allows you the option to change along with your financial position. Farmers has a Life insurance policy that can alleviate these
concerns. It's called Farmers Premier Whole Life.
This policy combines the safety of guarantees found in traditional Whole Life insurance policies with the flexibility our One-Year Term
Insurance (a rider that lets you blend term life with whole life) and Single Premium Riders (provides additional coverage on yourself and builds its
own cash value) offer.
This creates a dynamic Life insurance policy that can meet a variety of needs:
*Young adults just beginning an insurance program who need a basic policy to build upon
*Families needing Life insurance coverage while saving for a down payment on a home, to build funds for their child's education,
or to supplement retirement income
*Professionals or small businesses needing a large amount of coverage for a limited period of time
Farmers Premier Whole Life is a permanent Life insurance policy that offers several guarantees:
*Level premiums for as long as the policy is in force
*Level death benefit
*Cash value
Excess Credits
Unlike similar policies, Farmers Premier Whole Life makes it possible for future premiums to be offset by Excess Credits. Put simply, an Excess Credit
is money. Each year, based on our future expectations of investment, mortality and expense experience, we may declare Excess Credits on your
policy.
These Excess Credits belong to you and can be used one of 4 ways:
Purchase Paid-Up Additions (PUA)-- A Paid -Up Addition is Life insurance paid in full by the amount of the Excess Credits. PUAs have a level death
benefit and cash value, and can earn Excess Credits. Put another way, we may provide the funds for you to buy more insurance. Then we may
provide funds on that insurance to buy even more insurance-- without evidence of insurability! You can imagine the compounding effect on your
original policy. This option is automatic, unless you request another option.
Paid In Cash-- Choosing this option allows you to use the cash however you choose.
Reduce Future Premiums-- If you choose this option, we will apply the amount of the excess credit to the premium. Your policy's death benefit, cash
value and excess credits will not increase as rapidly as if you purchase PUAs. Instead, your Excess Credits will be used to reduce premiums each
year. Eventually, the Excess Credits may become large enough to offset the entire premium due each year.
Add to the Deposit Fund-- This option is similar to the second option in that the Excess Credits are not applied to the base policy. However, they
are not paid directly to you, but instead are paid directly into your Deposit Fund. If there is a policy loan, it must be paid off before an Excess Credit
can be deposited into the Deposit Fund.---Excess Credits are not guaranteed.
FARMERS PREMIER UNIVERSAL LIFE
LIFETIME SECURITY FOR YOU AND YOUR FAMILY
The Farmers Premier Universal Life offers you all of the advantages of a flexible Life insurance policy coupled with a cash Accumulation Account which
earns a competitive interest rate. It is designed to meet a variety of your current and future Life insurance and cash accumulation needs, from
mortgage protection to retirement. Because of its flexibility, you can readily adjust your coverage as your circumstances change.
Farmers Premier Universal Life can provide:
*Income tax-deferred cash accumulation
*Lifetime security for you and your family
*Flexible premium
*Flexible benefits
Flexible Premium
Unlike traditional insurance policies, with Farmers Premier Universal Life you decide when-- and how much-- to pay toward your insurance policy, with
broad limits. Your first premium payment will start your policy and establish its Accumulation Account.
The account (minus initial charges) immediately begins earning at a competitive current interest rate. While the current rate is not guaranteed, the
account is guaranteed a minimum 4 percent interest rate. After your policy is in force, the cost of insurance is deducted from the Accumulation
Account each month-- automatically!
Tax-deferred cash accumulation
The growing Accumulation Account is the source of your cash values. You may surrender the policy for the entire cash value, or make partial
surrenders for part of the cash value. A surrender charge is deducted during the first fifteen years.
Based on current tax law, all interest credited to your account is income tax-deferred. This means you are not taxed each year, but ONLY when you
take cash out. And if you wait until retirement, you may be in a lower tax bracket.
In addition, you may use part of all the available cash value to secure a loan.
When it comes to protecting your family you can count on De Fazio Insurance Agency to be here for you. Call us today and see what a
Farmers life policy can do for you!
Back to Products Page
