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Synopsis: Farmers Value Term (FVT) is a new Term Life insurance product offered from Farmers Life, replacing the Farmers Level Term 2000.

Background: Farmers Value Term (FVT) products provide much-needed coverage for your customers’ growing families at a manageable cost. The death benefit can be used toward a mortgage balance, a child’s education or to provide income for other family needs in case of a premature death.

Product highlights:

  • Competitive premium rates
    • A majority of the rates are lower than Level Term 2000.
    • The $2 million Jumbo Term isn’t just for the 20-year term any more. There are now five rate bands for all Farmers Value Term products: The 10-, 20- and 30-year term.
      • Band 1 Face Amounts of $150,000 - $249,999
      • Band 2 Face Amounts of $250,000 - $499,999
      • Band 3 Face Amounts of $500,000 - $999,999
      • Band 4 Face Amounts of $1,000,000 - 1,999,999
      • Band 5 Face Amounts of $2,000,000 and above
  • Six underwriting classes available: Platinum Elite, Platinum Plus, Platinum Choice, Platinum, Gold Plus and Gold as follows:
    • Two Gold underwriting classes for nicotine users — providing competitive rates for healthier nicotine users; and,
    • Four Platinum underwriting classes for non-nicotine users –giving better ratings for many people who don’t quite qualify for Level Term 2000 preferred rates today.
  • Additionally,
    • Gold underwriting class is available for ages 18-21 (ages 20½-21 eligible for the Gold or Platinum underwriting class).
    • Have you read the Agency Insider for the rest of the news that affects you?
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  • Expanded issue ages: Providing coverage to those who are living and working longer.
    • Up to age 75 for 10-year Farmers Value Term
    • Up to age 65* for 20-year Farmers Value Term
    • Up to age 50* for 30-year Farmers Value Term
    • * In OR and WA: 20-Year Products: up to age 60 Gold Classes (Nicotine)
    • 30-Year Products: up to age 45 Gold Classes (Nicotine)
The Farmers Value Term shares the following popular Level Term 2000 product features:
  • Premiums guaranteed for 10, 20 or 30 years
  • Coverage to insured’s attained age 90 or the death of the insured.
  • Minimum Face Amount $150,000
  • Conversion provision (prior to the earlier of 20 years or the insured’s attained age 65) to a permanent plan, subject to policy minimums and maximums
  • Benefits and Riders (availability varies by state): Waiver of Premium, Accidental Death Benefit, Children’s Term Rider, Accelerated Benefit Rider for Terminal Illness, Critical Illness-Accelerated Benefit Rider and Disability Income Rider
For more information about California term life insurance, give Absolute Integrity Insurance Group a call at 888-566-7771.
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Also serving the following areas of California: San Francisco, Sacramento, Los Angeles, Mountain View, Daly City, San Jose and surrounding areas.


Absolute Integrity Insurance Group
1434 Taraval St.
San Francisco, CA 94116
(888) 566-7771
CA License #:0D85546

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