Farmers New World Life Insurance

I took out a life insurance policy in 1995 and have NEVER missed a payment! I just got a notice that my policy had been cancelled because they had started adding hidden fees to my account and it used up all of my cash value. However, the statements still have the original cost per year. I called Farmers and asked how I would know to pay more when my statement still says the same amount? The lady said, "You just have to KNOW to call us to add the fees into your payment"!! The insurance man told me about 2 years ago, that the premium wouldn't ever go up on this account! I have been paying $600 a year for 26 years and the just cancelled my policy because they decided to add thousands of dollars of fees without telling me! DO NOT EVER BUY LIFE INSURANCE FROM FARMERS INSURANCE! This is probably the biggest rip off of my entire life!

Wife was involved in a horrible motorcycle accident. Barely survived so we have tons of bills. I have paid into the scumbags for decades only for them to repeat, "Sorry, your policy doesn't cover that". My agent turned out to be the biggest scumbag of them all. He accidentally called a couple of days after the crash when I was still in shock, just to see if I wanted to renew my life insurance policy. I explained what happened and he listened to me cry about someone I thought he cared about. Turns out he just wanted our $. All the times I called him after that he would never call me back. Have never heard from the guy again. His secretaries pass me off to a computer or zombie in BFE. I have had to hire an attorney to try and get the slim balls to pay something. Wish me luck. Avoid what I'm going through at all costs, try anyone else out there for insurance.

After more than 15 years of making monthly payments, we fell on hard times due to self employment and couldn’t make any payments. Several months later we received a letter from Farmers saying our policy was canceled. I tried reaching out to them for explanation of all the “funds” we had paid over the years but got no response. With no resources and time to follow through we gave up. I still have all the paperwork. I still don’t understand how you can pay so much money for insurance and end up with nothing. If someone can help us look into this we would really appreciate it. Thank you.

Made my a traumatic life event even worst for an 18 year. Long story short, did not pay out on my mother's life insurance last minute l. Brought an 18 years life to ruins as it was the method of payment for her burial expenses. 20k now in debt, if claim was denied in timely manner got of gotten charity assistance to help pay funeral fees. Disgusting people.

I have given Farmers New World Life my business for 38 years and never expected them to be crooked but I was so wrong. The policies they have sold me have a lot of fine print that is quickly dismissed by the agents while keeping you focused on all the positives. I recently found out after 30 year that my $90,000.00 life insurance will pay my wife .90 cents when I die. That's right, .90 cents. My premiums started at $177.00 per year 30 years ago and are now $324.00 per year with a pay out of less than $1.00. This is beyond wrong, it is completely sinful! When I called to verify this fine print the woman at the main office told me that was the policy I signed. WOW! These people have NO conscience. Stay away from these wolves if you don't want to get burned.

I had a Farmers life insurance/retirement fund I paid into for many years. I was a contract welder so I had to do it that way if I wanted any hope at a good retirement. Well in 2011 I got a job that had life insurance and a 401k program so I called the “agent” over my policy and said I wasn’t going to need it anymore. At that time I decided to leave the money there because there was huge penalties if I withdrew it early.

We had three policies with Farmers (home, auto, and life). Farmers made it very difficult to cancel our policies, and continues to bill us! The policies were cancelled effective July 30th 2019. We were billed through October of 2019 for the life insurance policy. We had to report it as fraud to our bank to get the charges to stop. Ultimately we received a refund check from Farmers, and notice in writing that our account was paid in full and closed. Fast forward to January of 2020 and we received ANOTHER bill. I called to get this bill voided and was told that this bill, in addition to the life insurance policy bills, are being sent to collections. I will never use farmers insurance again.

I have a universal life insurance policy through Farmers since the early 1990's. I have a cash out value of almost $25,ooo. My payments have remained unchanged since I got the policy. I'm very happy with this policy and would in a heart-beat purchase it again. My spouse also has one and the premiums have remained the same throughout the policy and has a cash-out value a little more than me. Both of us are very happy with the policies and our agent.

I too have been scammed by this company. I joined in the late 1980’s with a contract and a promise my premiums would not go up! Not only did they go up but they went up over 100% from my original quote. After over 30 years, even if I cashed out, I would get maybe $10. While I won’t cancel my policy, I feel that this company took advantage of too many people and keeps on ripping us off!

My review is no different than most. I've had this policy since 1992, was sold a "Whole Life" policy where premiums will never change, only to find out this is not a whole life policy at all but a Universal Life. I had to find that out by calling the State Insurance Commissioner and filing a complaint. Farmers informed me I owed over $600 to keep the policy in force and premiums went from $100 a month to $250 a month just to keep it in force. Because of my age, each year the premiums will get higher and higher, and they have. I now can no longer afford it. I have no cash value because Farmers has used every cent of the premiums made to pay their "fees", which is a premium fee for babysitting my money.