Recommended Life Insurance For Farmers
Do you own or work on a farm? Do you sometimes worry about what would happen if you were to have an accident and not be able to work again, or even worse, die as a result?
Did you know life insurance for farmers can protect you and your family financially, giving you peace of mind to enjoy your work without worry?
Can Farmers Get Life Insurance?
Yes, UK-based farmers can qualify for life insurance, often without needing a specialist provider.
Eligibility typically depends on the specific type of farm work involved. Many farmers can obtain coverage on standard terms, especially if their daily tasks are considered low- to moderate-risk.
In Summary:
- Because farming roles vary widely, ranging from crop production to livestock handling, some occupations may carry higher risk levels than others.
- Insurers may request additional information about your work to accurately assess your risk profile, but in most cases, we can get you covered without issue.
- Insurance Hero can explain how life insurance works for farmers and what to expect during the application process.
Farmers, Help Protect Your Family’s Future, Compare Top Insurers. Find Your Cheapest Quote
Reasons To Consider Getting A Free Quote Today:
- Affordable farming policies, meaning you will be able to find one that fits your budget
- Get a policy that is tailored specifically for you. Be fully protected, whatever happens
- Outstanding reviews for customer care
- Policies with excellent rates for shared coverage
- No obligation to proceed after getting a free quote
- Friendly and easy-to-use service
- Favourable treatment for smokers
Contact Insurance Hero today at 0203 129 88 66 for a competitive, no-obligation quote. Our professional brokers will help you set up the perfect Farmers’ life insurance policy that closely aligns with your farming activities.
How Does Farmers Life Insurance Work?
Farmers’ life insurance protects designated beneficiaries with a payout if you pass away suddenly due to your farming activities.
Any payout funds are made through regular monthly payments called premiums, paid to the insurance company throughout the life insurance policy term.
Farming from a Life Insurer’s Perspective
From an insurance company’s viewpoint, farming is a slightly higher-risk occupation. The reasons for its inclusion as a higher risk might include some of the following:
- Working with dangerous livestock, including cattle, horses, and sheep.
- Using dangerous cutting machinery, including saws and hedge trimmers.
- Driving heavy vehicles, including tractors
- Working at height
- Working in potentially hazardous environments
Farming – A Varied Occupation
Farming is a highly varied occupation. The risks dairy farmers face may differ from those faced by farmers in an agricultural operation.
One farmer may operate heavy machinery, which can be dangerous, while another leads cows to pasture.
One activity may qualify farmers for life insurance with standard terms. In contrast, the other may face slightly higher insurance premiums that reflect the additional risk associated with day-to-day activities. Therefore, it is important to correctly identify all your farm tasks.
We Have Helped Farmers From Many Backgrounds, Including The Following:
- Arable Farming
- Livestock Farming
- Mixed Farming
- Dairy Farming
- Poultry Farming
- Horticulture
- Organic Farming
- Hill Farming
Farmers, protect your loved ones and plan for the future with affordable cover. Quick Quote Form
Term Life Insurance Quotes For Farmers
Estimated monthly premiums for a healthy non-smoker seeking £100,000 in cover over a 20-year timeframe.
| Age | Level Term | Decreasing Term |
|---|---|---|
| 30 | £5.38 | £5.01 |
| 35 | £6.23 | £5.20 |
| 40 | £8.22 | £6.25 |
| 45 | £11.95 | £8.52 |
| 50 | £18.16 | £11.46 |
| 55 | £27.91 | £18.15 |
| 60 | £48.84 | £31.00 |
| 65 | £92.36 | £50.45 |
| 70 | N/A | N/A |
Whole of Life Insurance
Similar to the Term life quotes above, these premiums are for approximately £ 100K of coverage for a non-smoker in good health.
| Age | Whole of Life Cover |
|---|---|
| 30 | £72.13 |
| 35 | £84.59 |
| 40 | £103.07 |
| 45 | £126.79 |
| 50 | £153.01 |
| 55 | £179.68 |
| 60 | £210.58 |
| 65 | £266.19 |
| 70 | £350.00 |
Over 50s Life Insurance
Monthly quotes are based on £20,000 in cover for people over 50 who are in good health and don’t currently smoke.
| Age | Over 50s Plan |
|---|---|
| 50 | £25.01 |
| 55 | £31.03 |
| 60 | £55.02 |
| 65 | £64.06 |
| 70 | £73.06 |
Understanding Your Farming Activities
At Insurance Hero, we understand the full range of your farming activities. We have experience providing life insurance for farmers, and we align your daily duties with a policy that accurately reflects them.
If something happens to you, we have a policy that closely matches the premiums you pay, minimising the chance it won’t pay out.
We undertake our fact-finding through a questionnaire. Our questions are detailed but not obtrusive.
Insurers prefer to work with us because our diligence accurately conveys your circumstances, resulting in a more accurate, better-value quote.
What questions will an insurer need to know about your farming activities?
Questions that need answering specifically about your daily tasks on the farm will include:
- What type of farming do you participate in?
- What type of livestock are you involved with?
- Have you taken any time off from farming in recent years?
- Do you use heavy machinery?
- Do you work at height?
- How many hours do you work on the farm each day?
Answers to broader questions about your circumstances can also affect the premium level. Questions may include:
- What is your weight?
- Are you a smoker or a non-smoker?
- Do you take drugs or drink alcohol?
- How old are you, and how long do you need insurance coverage?
- What level of cover do you require?
- Do you have any pre-existing medical conditions?
Who Should Get Farmers Life Insurance Coverage?
We have a straightforward question for you. Do you have financial obligations you’d still need to pay if something happened to you?
Would it put your loved ones in financial hardship to keep paying these debts?
If you have any of the following financial commitments, then you should consider life insurance for farmers:
- A mortgage
- Hire purchase agreements
- Car Finance
- Personal loans
- Credit card debt
- Equity release loans
- School or university fees
- Bank overdrafts
Selecting the Correct Amount of Insurance Cover and Policy Length
A dependable life insurance broker will know which policy criteria best meet your needs, including the required coverage duration and the payout amount if you pass away unexpectedly.
The primary considerations when deciding on the period and size of the coverage are the following:
- If you have a mortgage or other fixed-term debts, when do they end, and how can a policy best match that exposure?
- If you have children, are they likely to go into further education? If so, you may need to pay tuition fees until they are in their twenties if they decide to go to University.
- If you were to die suddenly, what size payout is required so that your loved ones can maintain a similar level of lifestyle that they are used to?
Associated Types Of Cover
Life insurance for farmers has long been paired with two other protection policies, which you can take out individually or add to a life policy.
They are called critical illness cover and income protection cover.
Critical illness cover
Because farming involves operating hazardous equipment and manual labour, including heavy lifting and constant exposure to the elements, many critical illnesses have long been associated with agriculture.
Skin cancers, loss of hearing and amputations (loss of limbs due to accidents) are such illnesses and injuries.
Critical illness cover provides a lump-sum payment if you can no longer work in farming. Unlike life insurance, the payout doesn’t depend on your death, but you must survive at least ten days from diagnosis to qualify.
At the start of a policy, specific farming-related illnesses can be included for critical illness cover.
A policy will also cover a standard set of critical illnesses, which include but are not limited to the following:
- Heart attack
- Structural heart surgery
- Liver failure
- Heart valve replacement or repair
- Loss of a hand or foot
- Parkinson’s disease
- Kidney failure
- Alzheimer’s disease
- Cardiac arrest
- Spinal cord injury
- Severe lung disease
- Brain injury
- De Weer’s disease
- Coronary artery bypass grafts
- Traumatic brain injury
- Major organ transplant
- Pulmonary artery surgery
- Multiple system atrophy
- Progressive supranuclear palsy
- Paralysis of a limb
Farmers Income Protection Insurance
Unlike life insurance, income protection doesn’t require your death to pay out benefits. Farmers’ Income Protection pays a regular monthly salary if you cannot work for a period, perhaps due to a farming accident or injury.
As with life insurance, income protection is recommended if you have financial commitments you can’t meet if you cannot work, such as a mortgage, personal loans, or personal business guarantees.
An income protection plan can be set up so a replacement salary can be forthcoming from as little as one month that you cannot work to over a year if you have savings or are an employee on a farm, and will continue to be paid for a time.
Farming Life Insurance Summary
Farming can be dangerous because it involves handling heavy machinery or large animals. Farmers Life Insurance is there to protect your loved ones should you die suddenly or, in the case of critical illness, never be able to work again.
Would you not feel better working on the farm knowing that your family will always be financially secure? If yes, why wait? Contact an experienced life insurance broker today.
Insurance Hero has experience providing life insurance and related coverage for individuals working in high-risk professions, including farming and agriculture. Contact one of our professional and friendly brokers today at 0203 129 88 66 for a competitive, no-obligation quote.
Some helpful external resources:
- https://www.fwi.co.uk/business/business-management/how-life-insurance-can-protect-against-iht-liability
- https://www.rsmuk.com/insights/weekly-tax-brief/wading-through-the-mud-options-for-farmers-after-the-budget
Steve Case is a seasoned professional in the UK financial services industry, with over twenty years of experience. At Insurance Hero, Steve is known for simplifying complex insurance topics, making them accessible to a broad audience. His focus on clear, practical advice and customer service excellence has established him as a respected leader in the field.
