Shopping for life insurance for Farmers and Ranchers is basically a simple process. Some of the companies look at this market as high risk life insurance. There are plenty of life insurance companies that will offer preferred rates with no problem at all. Let’s all remember that Farmers and Ranchers are some of the most important people in the U.S. This is due to the fact they supply the food that all the Americans eat.
Farmers and Ranchers are basically the real heroes behind the scenes just like Military Personnel, Policeman and Fire Fighters. Just think about what life would be like without these people. We would be finding ourselves ringing the dinner bell and sitting down at the dining room table with nothing but an empty plate and napkin.
We are going to go over what it takes to purchase life insurance for Farmers and Ranchers and receive the best rates possible.
The most important step is to apply with the best life insurance companies that are providing the best rates on individual life insurance to the agricultural industry. Anytime we receive a life insurance request that might include health conditions. We always run a medical pre-screen to see what we are working with. This helps us to choose the most applicable life insurance company.
The same holds true for any hazardous occupations or even any dangerous sports. Applying with the wrong company will never allow you to receive the best life insurance rates. All the Independent insurance agents have to ability to shop the complete life insurance market. Independent agents are also know as brokers. They do not work for an insurance company.
A captive agent gives you only one choice in companies and works in their companies best interest not yours.
A captive agent such as State Farm, American Family, Allstate or Country Financial work for this one company. The captive agents have only one company to show you and they work in their companies best interest. The independent agents such as us, work in your interest and offer you the advantage of many different insurance companies. Trying to find the best life insurance rates is impossible when being restricted to using just one life insurance company.
Bank loan collateral reimbursement is a very important need for the Farmers or Ranchers to purchase life insurance with low rates.
All the best life insurance companies have their standard markets and then they have their higher risk markets. The high risk markets are for people with hazardous occupations. This is where getting injured or worse can be more common than in other occupations. This is where the need for a properly designed life insurance policy is needed.
The average Farmer today can have a very high financial responsibilities. This could be for outstanding loans for equipment purchases. Also seed purchases, fertilizer, livestock, land purchases or lease payments on additional land they may lease. Finding low cost term life insurance for Farmers & Ranchers is not difficult when you are using the right agent.
The life of a Farmer or Rancher is not easy and usually calls for long hours in poor weather conditions with minimal time off.
This is when accidents can happen! Both job descriptions have to normally work with large heavy equipment. Such as conventional farm Tractors, Combines, Hay Balers, Field Cultivators, Ammonia Sprayers and Semi-Tractor Trailers. Having an accident with any of these machines could easily cause a serious injury or loss of life. The life insurance companies know that this type of an occupation increases their risk factor to pay a loss of life payout.
This makes purchasing low cost term life insurance more difficult than an office worker such as an accountant, school teacher or librarian. Competitive life insurance quotes can still be had but it will take a little more finesse to accomplish this compared to less danger free occupations like we just mentioned.
We utilize over 40 trusted companies to provide Farmers and Ranchers a wide choice of affordable Term Life insurance products.
We use multiple life insurance companies that have no problems with selling life insurance for Farmers and Ranchers. As the years have progressed the life insurance industry has become more liberal to occupations that were at one time referred to as high risk. Will the life insurers ever look at Farmers and Ranchers like they would bank clerks or accountants? Probably not, but they are getting much more liberal as the years go by. We have no problem finding preferred rates for our friends in the agricultural business.
A Farmer or Rancher’s health is one of the main factors that will determine his life insurance rates.
Regardless of what type of an occupation you have, your overall health is the most important factor the life insurance companies look at. Your health classification will determine what your rates will be regardless of your occupation. If you are very healthy, you could be looking at preferred rates straight across the board. If you have medical conditions that are serious, your rates could easily be impacted.
Your height and weight are also critical and if you are overweight or obese not only your rates can change. You application could also be declined if you were far enough off on a height vs. weight build chart.
Get immediate life insurance quotes by using our quote engine on the right and compare all your options.
Our websites quoting system will display over 40 of the top life insurance companies in the nation. You will be able to see all your options displayed side by side. All rates are up to date and updated on a regular basis. If any of this information seems confusing in any way. Don’t hesitate to call use for immediate answers to your questions 7 days a week. Getting great rates on life insurance for Farmers and Ranchers should always be a simple process. Especially when you are working with an independent life insurance agent that specializes in this type of insurance.
Take a moment to read our about us page and learn more about us and our life insurance business.