2025 State Farm Life Insurance Review: Rates, Pros & Cons

Allstate ranks 4th overall in our life insurance study. It shines in customer satisfaction, taking the top spot, but lags in affordability, ranking 7th. The buying process is smooth, earning 3rd place, while coverage is solid at 4th.

Depending on your unique profile and the coverage you want, State Farm term life insurance can cost anywhere from $149 per year to up to $10,146 annually. So, below we've summarized costs in a filterable table for you to compare pricing that is more personalized to you.

Protective ranks 10th in our customer satisfaction study, with lower than average ratings overall compared to the competition. Many customers were disappointed in the coverage options available and the buying process as a whole. The provider was also not included in J.D. Power's individual life insurance customer service study.

State Farm only directly offers term and guaranteed life insurance options, which is much less than most major providers. Coverage choices are also a lot more limited with only 5 limits to choose from for both policies and only 3 terms for term life plans. Below you can review the selections and restrictions for both options.

State Farm offers the following life insurance riders for their policies:

• Children's Term Rider: Provides temporary insurance for eligible children until they turn 25, with a maximum coverage of $20,000 per child.
• Select Term Rider: Offers term life insurance up to age 95 with level premiums for 10, 20, or 30 years.
• Level Term Rider: Provides additional term coverage on either the insured or an additional insured
• Flexible Care Benefit: Allows access to a portion of the death benefit while the insured is chronically ill and receiving long-term care.
• Accidental Death Benefit: Pays an additional death benefit if the insured dies in an accident.
• Payor Insurance: If the policy owner dies or becomes disabled, this rider waives premiums on the policy until the insured child reaches age 25
• Guaranteed Insurability: Allows the policy owner to purchase additional coverage at certain ages or life milestones without a medical exam.
• Estate Preservation: Offers an additional death benefit to help with tax planning needs in the first four years of the policy.

State Farm is one of the best options for life insurance policies according to our study, standing out in terms of buying process and customer satisfaction. However, its affordability and coverage aren't as competitive. We recommend comparing it with other options to ensure you're getting the best deal and company for your situation.

Below we've answered some frequently asked questions about state Farm life insurance:

We rated life insurance companies based on a profile for an average weight and height for a  40-year-old male with good health and no smoking history. We broke out scoring into 3 scoring areas:

• Affordability (60% of Score): We gauged overall affordability for our base profile along with other combinations of age, weight, term length, coverage level, and smoking history for term policies.
• Customer Satisfaction (30% of Score): Using industry study ratings and buying processes sentiment from forums and average quote process times derived from testing from our team.
• Coverage Selection (10% of Score): The larger variety of life insurance options offered in addition to ridersscores a provider higher for this category.