Return of Premium Term 20, 30 Year

Term Life Insurance

Simple - Affordable - Protection.

Return of Premium Term 20, 30 Year

You want to help protect your loved ones from financial hardship if you can't be there for them. That's what life insurance is all about. But instead of life-long life insurance coverage, you may only need to protect your family from long-term expenses such as:

  • The mortgage
  • Your children's education
  • A home equity loan

In that case, the State Farm® Return of Premium Life Insurance policy might be just what you need. It offers you coverage with a level premium payment term of 20 or 30 years, whichever you choose. And if you outlive that level premium payment period, the policy premiums you've paid will be returned to you.1

That's right - if your policy's death benefit is not paid within the initial 20 or 30 year term, you'll get your money back at the end of the term. A guarantee like that makes it easier to give your loved ones the financial protection they need.

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 20 or 30 Years
Coverage Coverage begins at $100,000
Issue Ages 20 to 60* for Return of Premium 20
20 to 45 for Return of Premium 30
Starting at $ 39.80 /mo*
$457.50 annually
$250,000 of coverage

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Starting at $ 40.25 /mo*
$462.50 annually
$250,000 of coverage

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* Available up to age 55 for Tobacco and Preferred Tobacco Classes


How it Works

Take a look at the policy that can pay you back:

  • You can choose an initial term of either 20 or 30 years
  • You'll pay a level premium throughout the initial 20 or 30 year policy period
  • Premiums will be refunded to you at the end of the level premium policy term (20 or 30 years)assuming the death benefit has not been paid during initial policy term, and all of the scheduled premiums have been paid1
  • The policy builds cash value, which you can borrow against during the level premium
    period 2
  • You can continue your coverage beyond the level premium period on an annually renewable basis to age 95. Premiums will increase annually but will never exceed the maximum premium stated in the policy
  • Tax-free death benefit - No matter how large your death benefit, it passes 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 up to age 75 -no matter your state of health. 3

Customize your Policy

Add even more value to your policy by buying any of these optional riders.1 A State Farm agent can help you customize a policy to meet your needs.

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.
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.

This is only a general description of coverage. A complete statement of coverage is found only in the policy. For more details on coverage, costs, restrictions; or to apply for coverage, contact a local State Farm agent.

There are limitations and conditions regarding payment of benefits due to misrepresentations on the application or when death is the result of suicide in the first two policy years.


1 Assumes the death benefit has not been paid during initial policy term, and all of the scheduled premiums have been paid. The Return of Premium benefit on the base policy is not taxable. Any Waiver of Premium for Disability Rider premiums returned as part of the Return of Premium benefit may be taxable. The Return of Premium benefit on the base policy is not taxable. Any Waiver of Premium for Disability Rider premiums returned as part of the Return of Premium benefit may be taxable.


2 Unpaid loans and withdrawals will reduce the guaranteed death benefit, and policy cash value and any Return of Premium benefits. Loans also accrue interest.


3 Insurance policies and/or associated riders and features may not be available in all states, and policy terms and conditions may vary by state.


Adjustable Premium Level Term Life Insurance policy series 08025 in all states except MT, NY, WI; 08075 in MT, A08025 in NY & WI.


Children's Term Life Insurance Benefit Rider, used with Adjustable Premium Level Term, policy series 08144 in all states except MT, NY, WI; 08444 in MT, A08144 in NY & WI. Waiver of Premium Benefit Rider, used with Adjustable Premium Level Term, policy series 10208 in all states except MT, NY, WI; 10508 in MT, A10208 in WI, and A08208 in NY.


Policy Series Info

Not FDIC Insured

  • No Bank Guarantee
  • May Lose Value

Issued by:

  • State Farm Life Insurance Company (Not licensed in MA, NY or WI)
  • State Farm Life and Accident Assurance Company (Licensed in NY and WI)
  • Bloomington, IL

IL-152.5

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Contact a local Agent for information or advice.



Disclosures

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