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What is whole life insurance?

Whole life insurance helps your family prepare for the unexpected. The guaranteed death benefit can help replace a family's loss of income, help with mortgage costs, or educational needs — or to leave a legacy for the next generation. Over time, these policies build cash value that grows tax-free. This “living benefit”1 can be accessed during your lifetime. 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.

Whole life policy features

State Farm Whole Life insurance policies offer level premiums and life insurance protection for as long as you live, provided that premiums are paid as required to keep the policy in force.

Policies can be paid with a single premium, premiums payable to 100, or premiums payable up to a limited number of years.

While policy loans do accrue interest daily, any outstanding policy loans and interest will reduce the death benefit and cash value.

While not guaranteed, policy may earn dividends2 that can be paid in cash, used to reduce policy premium, accumulate as interest, or pay for additional insurance.

Find an agent to get a life quote

If you are interested in additional life products, please contact a State Farm agent.

Items needed for a quote

Limited Pay
life insurance

A lifetime of benefits without a lifetime of premiums. Pay premiums for 10, 15, or 20 years. Your choice.

Explore Limited Pay life insurance

Single Premium
life insurance

One premium payment, a lifetime of benefits.

Learn more about Single Premium policies

Final Expense

Final Expense, or $10,000 Whole Life in NY, is designed to ease the financial burden of burial expenses.

Examine Final Expense policies

Need help choosing a policy?

Product Best fit if seeking Premiums
Whole Life

Best fit if seeking

Guarantee of lifetime coverage, level premiums, and cash value accumulation.


Guaranteed to stay the same your entire life.
Limited Pay
Whole Life

Best fit if seeking

Lifetime of coverage without a lifetime of premiums.


Level premiums last 10, 15, or 20 years based on choice. Once all premiums are paid, the policy becomes paid-up while the coverage continues.
Single Premium
Whole Life

Best fit if seeking

Immediate protection without additional payments.


One premium.
$10,000 Whole
Life in NY

Best fit if seeking

Lifetime coverage to help pay final expenses. Eligibility, ages 50–80.


Guaranteed to stay the same for your entire life.

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1 Permanent life insurance develops cash value that can be borrowed. Policy loans accrue interest and unpaid policy loans and interest will reduce the death benefit and cash value of the policy. The amount of cash value available will generally depend on the type of permanent policy purchased, the amount of coverage purchased, the length of time the policy has been in force and any outstanding policy loans. There may be tax consequences associated with policy loans. Neither State Farm nor its agents provide tax or legal advice.

2 Dividends are a return of premium and are based on the actual mortality, expense, and investment experience of the Company. 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.

Policy Series Info

Securities are not FDIC insured, are not bank guaranteed and are subject to investment risk, including possible loss of principal.

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)
Home Office, Bloomington, Illinois

Each insurer is financially responsible for its own products.