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- State Farm BankÆ Full Service Financial
5 Year Term
Your budget might be limited-your coverage shouldn't be.
Before too long, you'll have a lot of your debts paid off. But what if something happened to you today? You could either:
- Make no preparations for the future, and leave your loved ones with those debts to pay, or prepare for the future with a 5 Year Term life insurance policy, and help give your family
financial security
What 5 Year Term offers:
- For you, it offers a sense of security
- For your family, it might be the difference between financial well-being and living with debt
The sample rates below are for a 25 year old female in outstanding health. You can personalize it for you by clicking "Get a Quote".
| Eligibility | |
|---|---|
| Term Length | 5 Years |
| Coverage | $50,000 to $99,000 |
| Issue Ages | 16 to 75 (74 in NY) |
How it Works
There's never been a better time than right now. Because the sooner you start, the lower the premium will generally be. And there's a lot more to like about this policy:
- You'll pay the same low premium for all five years
- You can pay premiums monthly, quarterly, annually, or semi-annually
- When the current term expires it will renew for another five-year period 1
- Tax-free death benefit -will pass to your beneficiaries generally income tax-free
- If you have auto insurance with State Farm®, purchasing a State Farm life insurance policy may entitle you to a discount on your auto premiums with our multi-line discount
Need lifelong coverage? Just convert to permanent coverage and premiums - no matter your state of health.2
Customize your Policy
Add even more value to your policy by buying any of these optional riders.3 A State Farm agent can help you customize a policy to meet your needs.
5 Year Term Rider
The riders can either be on a primary insured or an additional insured. Only two insureds can be included on one policy.
Children's Term Rider
This rider provides temporary insurance for each eligible child that is named on the application, and any eligible children acquired in the future. This insurance can be converted at expiry, regardless of health, to provide continuing life insurance coverage for each child.
Guaranteed Insurability Option
This rider "insures the insurability" of the insured. With this rider an insured has the right to buy additional amounts of insurance, on specific option dates, without evidence of insurability, at standard rates.
Waiver of Premium for Disability
Helps preserve your plan at a time when income may be limited due to a disability. If the insured becomes totally disabled for 6 continuous months, as defined in the policy, prior to age 60, this coverage will waive future premiums as long as the insured continues to be totally disabled. If the insured becomes disabled between the ages 60 and 65, this coverage will waive premiums to the later of the third policy anniversary after total disability, and the anniversary when the insured is age 65.
