![]() Instant Answer Term - $50,000 in benefits for applicants between the ages of 16 and 45.This term policy also returns premiums you already paid if you outlive the policy. Return of Premium Term - 20 or 30-year term policies with the option to build cash value you can borrow against.It guarantees level payments during that time. Select Term - $100,000 in coverage with 10, 20, or 30-year terms.Limits may apply based on age, health, and more around the first insured. Joint Universal Life - covers both lives in one policy and pays out after the first spouse's death.Qualifications may limit the age, health, etc., of the younger spouse. Survivorship Universal Life - benefits paid out after the second spouse dies.Universal Life - flexibility in premiums and the death benefit.State Farm also offers three universal life insurance products: Single Premium Whole Life - policy is paid off in one premium.Limited Pay Whole Life - premiums paid for 10, 15, or 20 years, after which you would be "paid up.".Whole Life - premiums are due until age 100, after which you would be "paid up.".For whole life, State Farm provides the following options, with "paid up" meaning it requires no further payments, and the death benefit is guaranteed: Term policies expire, but State Farm offers conversion options for customers who want a permanent plan later. Whole and universal policies will last a lifetime as long as payments are made on schedule. Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down. Its life insurance products are also not available for those living in Massachusetts. In addition, State Farm cannot offer aggressive investment or financial planning options, as you'd find with insurers focusing more on life insurance and retirement planning. However, online quoting is not available for whole or universal plans. Above all else, State Farm looks to build brand loyalty in its customer base. So every customer should get the lowest price for its products. However, its agents are extensively trained in State Farm products. Captive agents cannot compare options with other companies. By bundling State Farm Life Insurance with auto and home insurance, the insured can expect to save money overall. State Farm is also a good option for those with a vehicle or home that needs to be insured. Once the child turns 25, they can convert this policy to permanent insurance up to five times the original coverage amount without a medical exam. The Children's Term Rider makes it possible for children as young as 15 days old to be covered up to $20,000. ![]() State Farm is an excellent life insurance option for families as it offers unique customization for families with children, including riders for spouses and children. Who State Farm Life Insurance is Best For We recommend signing your beneficiary up early to minimize stress later. You must either sign up or enter your account to use the online claim form.
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