Farmers New World Life Insurance Company: Customer Ratings & Reviews [2023]

Company Contact Information:

• Official Website: https://www.farmers.com/life-insurance/
• Customer Service Phone Number: 1-888-327-6335
• Mailing Address: Farmers New World Life Insurance Company, 3003 77th Ave SE, Mercer Island, WA 98040

Related Parent or Child Companies:

• Farmers Insurance Group (Parent Company)

Financial Ratings:

• A.M. Best Rating: A (Excellent)

Customer Service Ratings:

• Farmers New World Life Insurance Company has received positive ratings for their customer service.

Claims Information:

• Farmers New World Life Insurance Company provides information on how to file a claim on their website, including a claims phone number and online claims submission option.

Company Apps:

• Farmers Insurance Mobile App: Farmers Insurance offers a mobile app that allows customers to manage their policies, file claims, view policy documents, and contact customer service. The app is available for download on both iOS and Android devices.

Farmers New World Life Insurance Company offers various discounts to help customers save on their insurance premiums. These discounts may vary by state and policy type, and eligibility requirements may apply. Some of the common discounts offered by Farmers New World Life Insurance Company include:

• Multi-policy discount: Customers can save by bundling multiple insurance policies with Farmers, such as combining life insurance with auto or home insurance.
• Non-smoker discount: Non-smoking policyholders may be eligible for lower premiums compared to smokers.
• Healthy lifestyle discount: Customers who maintain a healthy lifestyle, such as regular exercise and maintaining a healthy body mass index (BMI), may qualify for this discount.
• Preferred plus discount: Customers who meet certain health criteria may qualify for a preferred plus discount, which offers lower premiums for individuals in excellent health.
• Loyalty discount: Customers who have been insured with Farmers for a certain number of years may be eligible for a loyalty discount.
• Payment discounts: Farmers offers discounts for customers who choose to pay their premiums annually or through automatic electronic funds transfer (EFT).

It’s important to note that discounts may vary and not all policyholders may qualify for every discount. It’s best to check with Farmers New World Life Insurance Company directly to see which discounts may be applicable for your specific policy.

Farmers New World Life Insurance Company offers a range of coverage options to meet the diverse needs of their customers. Their insurance products include:

• Term life insurance: Provides coverage for a specified term, typically 10, 15, 20, or 30 years. It offers a death benefit to the beneficiaries if the policyholder passes away during the term of the policy.
• Whole life insurance: Provides lifelong coverage with a death benefit and a cash value component that grows over time. It also offers the opportunity to earn dividends and participate in the company’s profits.
• Universal life insurance: Provides flexibility in premium payments and death benefit amounts, along with a cash value component that can be invested. It allows policyholders to adjust the coverage and premium amounts based on their changing needs.
• Indexed universal life insurance: Similar to universal life insurance, but with the potential to earn returns based on the performance of a market index.
• Variable universal life insurance: Provides the flexibility to invest in a variety of investment options, allowing policyholders to potentially earn higher returns but also subject to market risks.

It’s important to note that the coverage options, policy features, and riders may vary based on the state of residence and policy type. It’s recommended to review the policy details and discuss with a licensed insurance agent to determine the best coverage option that suits your specific needs and financial goals.