Whole Life Products

Farmers^® Whole Life Insurance Policies

Whole Life Insurance: Permanent Life coverage that is provided for the insured's lifetime. Premiums are usually level, and guaranteed for the life of the policy. Whole Life policies build cash value that the policy owner may borrow during the insured's lifetime, at a reasonable rate of interest. If there is an outstanding loan at the time of the insured's death, the death benefit is reduced by the loan amount.

Farmers Premier Whole Life^{® †}
Features:
If you want the security of traditional whole Life insurance -- and the flexibility to add special one-year term and single premium riders and other options. It also has an Excess Credits feature that can mean added insurance benefits or cash back.

Farmers Premier Whole Life¹ can be great solution for:

• Young adults just beginning an insurance program
• Families needing protection while saving for the future
• Professionals who require a lot of short-term insurance coverage with the optional One Year Term Rider
  

Farmers Premier Whole Life is a nonparticipating policy that features level premiums guaranteed over the life of the policy, a level death benefit (for the base policy) and guaranteed cash values.

Excess Credits:
Excess Credits are based on future expectations of mortality, investments and expenses, and may be paid throughout the life of the policy. They may be taken in cash, added to the Deposit Fund (except in Kentucky and Tennessee), used to purchase Paid-Up Additions or applied to pay future premiums. These credits are not guaranteed and the Company reserves the right to pay lesser amounts on substandard policies and policies with outstanding loans.

Riders Available:
One-Year Term Rider² (only available at issue), Single Premium Paid-up Rider³(only available at issue), Waiver of Premium⁴, Accelerated Benefit Rider-Terminal Illness⁵, Accidental Death Benefit⁶, Children's Term Insurance Rider⁷, Payor Death and Disability⁸ (for juvenile policies), Additional Insured Rider⁹ and Deposit Fund¹⁰ (Retirement Premium Deposit Fund in KS; not available in KY and TN).
Guaranteed Insurability Benefit¹¹ is available on juvenile policies only (issue ages 0-15.)

Auto/Life and Home/Life Discounts:
In addition to providing inexpensive coverage for your temporary Life insurance needs, Farmers Term Life Insurance policies can qualify you for discounts on your Farmers Auto and Farmers Homeowners insurance¹².

Ages Available:
18-80 Nicotine Class
21-80 Non-nicotine Classes
0-17 for juveniles (conversion to Non-Nicotine status at age 21, if eligible)

Application Minimum (varies by premium band):
Band I, $10,000 - $24,999 (ages 0-50) and $25,000 - $99,999 (ages 51-80);
Band II, $100,000 - $249,999;
Band III, $250,000 and higher.

†Product name changed to Farmers® Premier Endowment at age 100 (in IN)

¹Policy form 1995-112 series
² Policy form 1995-512 OYT series
³ Policy form 1995-312 SP series
⁴ Policy form 1995-97 WP series
⁵ Policy form 2004-127 ABR-TI series
⁶ Policy form 1995-100 ADB series
⁷ Policy form 1987-107 CTIR series
⁸ Policy form 1974-95 WP Payor; 1968-95 WP Payor
⁹ Policy form 1997-538 AIR series
¹⁰ Policy form 1994-10,000 RDF series; 1994-10,001 PDF (IL, SD); 1994-10,002 RPDF (IN, MT); 1994-10,003 RPDF (w) (KS)
¹¹ Policy form 1980-171 GIB Rider
¹² Discounts apply to selected property and casualty coverages, perils, and policy types only and may vary by state and eligibility.

Farmers® Fixed Premium Whole Life^†
Features:

Farmers Fixed Premium Whole Life¹³ is a permanent policy designed for fast underwriting of smaller death benefit amounts. This policy may be able to fill a variety of client needs including:

• Older customers, particularly those age 55 and older, who are interested in a policy to cover final expenses.
• Associations or organizations seeking small amounts of insurance for members who have no employer/employee relationship.
• Farmers Fixed Premium Whole Life is specifically designed for efficient underwriting and issue service. Although this is not a guaranteed issue product and each application will be underwritten, in most cases a policy can be issued within a few days.

Fixed Premium Whole Life has these two important features:

• Constant level of protection and constant premiums until age 100.
• Built-in cash value, guaranteed to increase at 4 ½ percent yearly for the life of the policy.

Fixed Premium Whole Life is a nonparticipating whole Life insurance product that provides a level amount of protection with level premiums to age 100. The policy features guaranteed cash values at a 4 ½ percent interest rate. Policy loans, as well as Reduced Paid-Up and Extended Term nonforfeiture options are available. If the insured is living at age 100, the face amount, less any outstanding loan, is paid as an endowment.

Ages Available:
21-80 (All states except Washington)
Washington: male 21-66 female 21-71

Application Minimum:
$10,000 for ages 21-50
$5,000 for ages 51-80

Application Maximum:
$25,000 for ages 21-65
$15,000 for ages 66-80.

†Product name changed to Farmers® Fixed Premium Endowment at age 100 (in IN)

¹³Policy form number 1992-105

Products and features may not be available in all states and may vary by state.