Term Life Insurance vs. Permanent Life Insurance: Which Life Insurance is Best for You?

Whether you're looking for the affordability of term insurance or the lifelong protection and cash value of permanent insurance — or a combination of both — State Farm® has options to fit your needs and budget. Learn more about the types of life insurance available.

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Term Life Insurance

Term life insurance can be purchased for large amounts with an initially low premium. It may be appropriate for short-term coverage for needs like:

  • Home mortgage
  • Outstanding debt
  • Educational expenses
  • Auto loan

Permanent Life Insurance

Permanent life insurance offers a level premium for a coverage amount you choose and an account value. It's best for lifelong needs like:

  • Loved one's financial needs
  • Final expenses
  • Estate planning
  • Contributions to charity
  • Business legacy
  • Access to accumulated cash value

Let us help you answer the term vs. permanent life insurance question and select the coverage that best fits your needs. Call or visit a State Farm agent today.

Whole Life Insurance STABILITY

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

Whole Life policy series 11000, 11050, A11000, and A11050.

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

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, Illinois