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.
Get a Life Quote
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.
Get a Life Quote
Whole Life Insurance STABILITY
How Much Do You Need?
Find the right coverage for you.
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.
State Farm Life Insurance Company (Not licensed in MA, NY or WI)
State Farm Life and Accident Assurance Company (Licensed in NY and WI)