Select Term - 20 Term Life Insurance

Provides term life insurance protection to age 95 (age 80 in NY) with premiums level for 20 years.

Eligible age at time of application: 20 - 64 (20 – 50 in NY; 20 – 60 in WA)

Minimum policy: $100,000 (minimum for Super Preferred is $250,000)

Banded Premium: Banded premiums are available at $250,000, $500,000, and $1,000,000. (Only $250,000 band is available in WA.)

Guaranteed premiums: Premiums are guaranteed and level for 20 years.

At the end of 20 years, premiums go up and increase annually, and are adjustable, as long as you choose to continue the policy.

Premium classifications: State Farm® is able to offer you one of the following premium classifications depending on eligibility.

Regular: Available for current tobacco or other nicotine product users or those who have used tobacco or other nicotine products within the 12-month period prior to application.

Preferred Tobacco: (Not available in WA.) Available for current tobacco or other nicotine product users and those who have used tobacco and other nicotine products within the 12-month period prior to application and can meet underwriting requirements more stringent than the Regular risk category.

Non-Tobacco: Available for those who do not currently use tobacco or have not used tobacco or other nicotine products within the 12-month period prior to application.

Preferred: Available for those who do not currently use tobacco or other nicotine products and have not used tobacco or other nicotine products within the 12-month period prior to application and can meet underwriting requirements more stringent than the Non-tobacco risk category.

Super Preferred: Available for those who do not currently use tobacco or other nicotine products and have not used tobacco or other nicotine products within the 36-month period prior to application and can meet underwriting requirements more stringent than the Preferred risk category (application minimum $250,000 for Super Preferred rates).

Adjustable premiums: Adjustable premiums means State Farm may raise or lower premiums after 20 years, based on future expectations of investment earnings, mortality, persistency, and expenses. Premiums may never be raised above the maximum premiums stated in the policy.

Convertible: If your temporary needs turn to permanent needs, and you now need permanent life insurance, these policies have a conversion feature. In all states except WA, this option can be exercised anytime while the policy is in force, up to the policy anniversary when the insured is age 75 or the 5th policy year (whichever is later). In WA this option can be exercised anytime while the policy is in force, up to the policy anniversary when the insured is age 75. You can convert the policy to any whole life policy offered by State Farm, subject to established minimums. This conversion can be done without evidence of insurability.

Optional riders: You can enhance your Select Term - 20 policy and provide additional protection for you and your family. The following riders are available with our Select Term - 20 policy for an additional premium:

Waiver of premium for disability: Protects your life insurance at a time when income may be limited due to a disability. When the insured becomes totally disabled for 6 continuous months, as defined in the policy, this coverage will waive all future policy premiums as long as the insured continues to be totally disabled.

Children's term 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.

This is a general description of coverage. A complete statement of coverage is found only in the policy.

Contact your State Farm agent for details on coverage, costs, restrictions, and renewability.

You can also obtain a quote online.

Select Term-20 policy series: 06020 in all states except MT, NY, OR, WA, WI; 06070 in MT, A06021 in NY, 06021 in OR, A06020 in WI, and 99021 in WA.

Waiver of Premium for Disability Select Term Policy series: 06200 in all states except MT, NY, WA, and WI; 06500 in MT, A06200 in NY and WI; 96204 in WA.

Children's Term Rider Select Term policy series: 06140 in all states except MT, NY, WA, and WI; 06440 in MT; A06140 in NY and WI; 94140 in WA.

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