Life Coverage and Rates to Meet Your Needs — Get a Quote

State Farm® offers the life insurance policies and tools you need to help provide for the ones you love — now and in the years to come.

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Life Planning

Want to learn more about State Farm life insurance? Our Life Planning tools and information will help you get up to speed on everything from the basics to advanced planning options.

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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.

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 Coverage1 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 coverage1
Flexible Premiums1 Yes
Available for the insured's lifetime1
Dividends2 Yes
Eligible to earn dividends; however, dividends are not guaranteed2
Available Policies Term Life Policies
Select Term 10, 20, 30
Return of Premium 20, 30
Mortgage Life 15, 30
5 Year Term
Learn more about Term Life
Whole Life Policies
Whole Life
Life Limited Pay 15, 20
Single Premium Life
Life Paid-Up at Age 65 (Canada Only)
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

1 With 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.

2 Whole Life policies are eligible to earn dividends; however, dividends are not guaranteed.

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

IL-2.6