Life Insurance — Coverage, Rates and Quotes

State Farm® Life Insurance Company (Not licensed in MA, NY or WI) or State Farm Life and Accident Assurance Company (Licensed in NY and WI) can help you find coverage that's right for you and your loved ones. Our life planning videos and calculator can help you understand your options, and figure out how much and what kind is right for you, before getting your life insurance quote.

Get a Life Quote

Items needed for a quote

How much life insurance do you need?

There's so much to protect around you, and most importantly your loved ones. It's easy to calculate your life insurance needs with State Farm Life Illustrated® calculator.

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Coverages at a Glance

Whether you're looking for the affordability of term insurance, the lifelong protection and cash value of permanent insurance, or a combination of both, we have options to fit your needs and budget. Decide which coverage is right for you before getting a life insurance quote.

Term Life Whole Life Universal Life
Advantages Simple, affordable coverage for a period of time. Lifetime coverage with access to cash value. Flexible coverage flexible premiums.
What It's Used For Appropriate for short-term coverage needs. Life insurance for life-long needs. Permanent protection and flexibility.
Guaranteed Death Benefit Yes
Provided premiums are paid as required.
Yes
Guaranteed for the life of the policy provided premiums are paid as required.
Cash Value Available only for Return of Premium Term. Yes
Cash value growth is tax-deferred.
Yes
Cash value growth is tax-deferred.
Lifetime Level Premiums Yes
Guaranteed for the life of the policy.
Lifetime Coverage Yes
Guaranteed for the insured's lifetime, provided premiums are paid as required.
Yes
It is possible coverage will expire when either no premiums are paid following the initial minimum premium or subsequent premiums are insufficient to continue coverage.footnote[1]
Flexible Premiums Yes
Available for the insured's lifetime.footnote[2]
Dividends Yes
Eligible to earn dividends; however, dividends are not guaranteed.
Available Policies Term Life Policies
Select Term 10, 20, 30
Return of Premium 20, 30
Mortgage Life 15, 30

Learn more about Term Life
Whole Life Policies
Whole Life
Limited Pay 10, 15, 20
Single Premium Life
Final Expense ($10,000 Whole Life in NY)

Learn more about Whole Life
Universal Life Policies
Universal Life
Survivorship Universal Life
Joint Universal Life

Learn more about
Universal Life

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Disclosures/Footnotes

1With Universal Life it is possible coverage will expire when either no premiums are paid following the initial minimum premium or subsequent premiums are insufficient to continue coverage.

2With Universal Life it is possible coverage will expire when either no premiums are paid following the initial minimum premium or subsequent premiums are insufficient to continue coverage.

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

For more details on coverage, costs, restrictions, and renewability; or to apply for coverage, contact your local State Farm agent.

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

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

Each insurer is financially responsible for its own products.

IL-2.7