Farmers Life Insurance Carries Great Rates

Online, February 15, 2011 (Newswire.com) - As many people search out the best life insurance companies, Farmers Life Insurance has to stand out as one of the best. At the life insurance guide, we provide excellent reviews of the top insurance companies and give you the opportunity to get a quote from an agent who can help you and your specific needs. Following is an article from http://thelifeinsuranceguide.org.

Farmers life insurance was started in 1927, by John C. Tyler and Thomas E. Leavey. They opened the doors of Farmer's in 1928 in downtown Los Angeles, with Tyler as president and Leavey as vice president. They only had two other people working for them a sales manager and a secretary. Their thinking was that farmers often got overlooked in the insurance industry, but they also thought that farmers were better drivers than urbanites. The wanted an insurance company that catered to farmers, and this is how they got their start.

In 1989,1991 and 1994 California had three major disasters two earthquakes and a major fire in Oakland. This caused farmers life insurance to pay out over 1.3 billion, and that was just for the earthquake in Northridge. In 1995, farmers had three separate units that they concentrated on, personal lines of insurance, commercial insurance and life insurance. The insurance market was getting stricter and harder to expand in. But, Farmers Life insurance company has proven to be one of the top three in the world today. They are currently owned by Zurich Financial services based out of Zurich, Switzerland.

Farmers Life insurance offers a whole line of life insurance products for your family in the event that you may not be with them one day. As devastating as this to think about, you also want to make sure that your family is being taken care of. To get the best coverage that is needed for your family, you need to think of what stage in your life you are at right now. If you have small children, you will want more insurance so that your spouse can provide for them as they grow. Raising kids is not cheap, and planning for their future will help your spouse. If you have no children at home anymore, then what will your spouse need to live off of for the remaining time of their life, is another thing to think about. You can meet with a financial planner at farmers life insurance to discuss all of this and they can help you pick out the best policy for you.