State Farm Life Insurance Review

Overall we rated State Farm as the 11th best life insurance provider in the country. While the company has the best customer service ratings in the nation, they lack exceedingly in affordability and coverage options when compared to other providers.

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 $40,622 annually. So, below we've summarized costs in a filterable table for you to compare pricing that is more personalized to you.

State Farm has a great customer service reputation and earned our top spot in the nation. For four straight years, they have won 1st place for J.D. Power's individual life insurance customer service study from 2020 to 2024.

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.

Overall, while State Farm life insurance has a great reputation, it's rates and lack of coverage options make it not the ideal option for coverage. So we recommend searching elsewhere and comparing around to find a better deal and company.

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.