Farm Family Life Insurance Company
Farm Family Life Insurance Company
344 Route 9w
Glenmont, NY 12077
Do you belong to the agricultural community? Are you getting your income primarily from agricultural products that you grow and trade? If you answered yes to these two questions, then you must become acquainted with Farm Family Life Insurance Company.
Farm Family Life Insurance Company belongs to the Farm Group of Companies that is based in Glenmont, New York. The company provides such services as life insurance, casualty insurance and specialized property to businesses in the agricultural sector and residents from rural areas, including the suburban areas in the Northeastern United States. For more than 50 years now, Farm Family has been providing insurance protection for families and businesses in Northeastern communities.
In a world that is constantly fueled by change, Farm Family offers tradition and solidarity, having been in existence since the mid-1950s. Through the years, the company has built a solid reputation for service and good products.
In 2001, the Farm Family group of companies entered into a business merger with American National Insurance Company (ANICO) of Galveston, Texas. With this partnership, the Farm Family designed agribusiness products and services that are being offered by ANICO to the different communities that they are catering to.
Farm Family is led by its president and chief executive officer Timothy Walsh,. Currently, the company is powered by a total workforce of more than 600 agents and employees — business partners who have worked very hard to help bring the company to where it is today.
Farm Family offers its range of products in Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, and West Virginia. It offers the following Life to its policyholders:
Whole Life Insurance is a permanent policy that will last during your whole lifetime unless the policy is cancelled or the premiums are not paid. Some of the benefits that are provided by this policy include a death benefit or a monetary value that is built up and can be availed of by the insured during his lifetime, to be used for retirement or even college funding for members of the family.
Under this insurance policy, a policyholder can choose between Whole Life 100, Life Paid Up at 95 and Life Paid Up at 65. These three policies basically differ in terms of the length of time that the policy will be in effect. Whole Life 100 is a whole life policy with premiums that are payable up to age 100. The cash value will be available at death or during the maturity of the policy. Life Paid Up at 95 and Life Paid Up at 65 refer to policies with maturity when the insured turns 95 and 65, respectively (or upon death, whichever comes first).
Disability Income’s primary benefits include a monthly partial/full income for disability. The amount of the monthly allowance depends on the insured’s earned income. This insurance is available to regular employees. Under this general policy are Farmer’s Disability Income Insurance, Business Owner’s Disability Income Insurance and Business Overhead Expense Insurance.
Another general insurance offered by the company is Annuities, which provides periodic payments that are made out to the insured. This is one of the popular schemes that are considered in planning for retirement. Annuities payment follows either a Single Premium Deferred Payment or a Special Retirement Annuity scheme.
Farm Family products are designed to provide for the seniors’ retirement but they can also be used during the lifetime of the insured to pay for other significant items, like college tuition fees, among others. This makes the policies offered extremely flexible and very attractive to the end-users and their families.