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The coverage lasts. The premiums don't. These policies can be completely paid for in 10, 15 or 20 years. If purchased early enough in life, they'll help you avoid paying premiums during your retirement. That's the beauty of Limited Pay Life policies from State Farm®. You could secure a lifetime of life-enhancing benefits, without paying a lifetime of premiums.
Did you know? A limited payment life policy is ideal for a child - in addition to starting insurance coverage they will need as an adult, the policy earns cash value, which generally grows tax-deferred.
Sample rates are for a 25-year-old female in excellent health in Illinois. Get a quote to see personal pricing.
Need help choosing a policy? Compare policies.
|10 Years||15 Years||20 Years|
|Starting at $258.48/month||Starting at $190.27/month||Starting at $156.51/month|
|$100,000 of coverage||$100,000 of coverage||$100,000 of coverage|
The examples are for the policy minimum death benefit.
Premiums on limited payment life insurance are paid for a limited number of years, but the benefits last a lifetime.
And typically, the sooner you purchase your limited payment life policy, the lower your premiums will be. Talk to a State Farm agent for details on costs, coverages and restrictions.
Helps preserve your policy at a time when income may be limited due to a disability. If the base insured becomes totally disabled (as defined in the policy) prior to age 60 for six continuous months, this optional coverage will waive future policy premiums as they become due as long as the insured remains totally disabled. If the base insured becomes disabled between the ages of 60 and 65, this coverage will waive future policy premiums as they become due until the later of the third anniversary after disability and age 65, so long as the base insured continues to be so disabled. This rider coverage automatically terminates on the policy anniversary when the insured is age 65, unless disability occurs prior to that time.
Insure your insurability! Buy additional amounts of insurance on specific option dates, without a medical exam, at standard rates. When you marry or become a parent, you may exercise the next available option. The Waiver of Premium for Disability Rider must be included on the policy to add this rider. Option ages are 17, 22, 25, 28, 31, 34, 37, 40, 43, 46 and 49.
This is a general description of coverage. A complete statement of coverage is found only in the policy.
For more details on coverage, costs, and restrictions, or to apply for coverage, contact your local State Farm agent.
There are limitations and conditions regarding payment of benefits due to misrepresentations on the application or when death is the result of suicide in the first two policy years.
Securities are not FDIC insured, are not bank guaranteed and are subject to investment risk, including possible loss of principal.
Life insurance and annuities issued by:
State Farm Life Insurance Company (Not licensed in MA, NY, and WI)
State Farm Life and Accident Assurance Company (Licensed in NY and WI)
Each company is financially responsible for its own products.