Monday, March 25, 2013

What Is Life Insurance & Why Do I Need It?

Helpful Insurance from StateFarm

Life Insurance Basics

There's a lot to learn when you're getting started with insurance, and there's still a lot to learn when you've had insurance for years! State Farm® wants you to feel confident that you are making informed choices.

With life insurance from State Farm, you can help your family:

  • Keep paying the home mortgage.
  • Maintain their current standard of living.
  • Pay off debts, estate taxes, and final expenses.
  • Create a fund for college education.
  • Create a fund for a family member with special needs.
  • Protect their dreams for the future.

Getting Started

Click on the links below to find out more about life insurance from State Farm.

Beyond The Basics

Want to explore the possibilities of your life insurance policy? Select from the list below to get the most from your policy and benefits.

Converting Term Insurance To Permanent

Switch from a term life policy to a whole life policy without a new health screening.

How Universal Life Works

Learn how universal life policies provide flexibility for premium, account value, and death benefit.

Return of Premium Term

Find out about the term policy that pays you back..

Options & Riders

State Farm offers a number of ways to extend and enhance your life insurance coverage.

Family Insurance

Life insurance protection for your whole family with one policy.

Estate Planning

Learn about life insurance and estate planning.

Servicing Your Policy

State Farm life insurance policy owners and beneficiaries can access a number of online resources, such as servicing and filing claims on existing policies.

Getting Started Online

Just a few easy steps to access your accounts.

How to Make A Claim

Review the procedures and options for claiming a death benefit of a State Farm life insurance policy.
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)
  • Bloomington, IL

Get a Life Quote Now

 

Find an Agent

Contact a local Agent for information or advice.



How Much Do You Need?

Find the right coverage for you.
Get Started





© Copyright, State Farm Mutual Automobile Insurance Company, 2013.

Auto
  • Homeowners
  • Condo Owners
  • Renters
  • Life
  • Annuities
  • Health
  • Disability
  • Long-Term Care
  • Business
  • Boat
  • Other Insurance


  • Term or Permanent: Which is best for you?



    Ready to get started?

    No matter which stage of life you’re enjoying, we have life insurance to fit your needs.


    Whether you’re looking for the affordability of term insurance or the lifelong protection and cash value of permanent insurance, or a combination of both, we have options to fit your needs and budget.
    Term life insurance can be purchased for large amounts with an initially low premium and may be appropriate for short-term coverage for needs, such as:
    • Home mortgage
    • Outstanding debt
    • Educational expenses
    • Auto loan
    Permanent life insurance offers a level premium for a coverage amount you choose and an account value and is best for lifelong needs, such as:
    • Loved one’s financial needs
    • Final expenses
    • Estate planning
    • Contributions to charity
    • Business legacy
    • Access to accumulated cash value




      © Copyright, State Farm Mutual Automobile Insurance Company, 2013.
    State Farm Insurance - Auto, Life, Fire






    Term Life Insurance

    Simple - Affordable - Protection.
    How it Works Term insurance is the most straightforward form of protection. You generally pay premiums on a monthly or annual basis and your family is protected for that "term". State Farm offers a variety of term products to fit your needs, time frame, and budget.
    Typical Uses:
    • Help provide for a family's loss of income
    • Cover short- term debts and needs
    • Provide additional insurance protection during the child raising years
    • Provide longer term protection to help pay off a mortgage, or to help pay for a college education

    Term Life Policies

    The sample rates below are for a 25 year old female in outstanding health. You can personalize it for you by clicking "Get a Quote".

    Select Term

    Select 10, 20 or 30 years of coverage and a guaranteed benefit. The affordable premiums are level for the initial policy term. The policy is guaranteed to renew up to age 95. Once past the level premium period, premiums will increase annually.

    Starting at $ 15.23 /mo*
    $175.00 annually
    $250,000 of coverage

    Get A Rate Quote
    Starting at $ 15.45 /mo*
    $177.50 annually
    $250,000 of coverage

    Get A Rate Quote
    Starting at $ 20.23 /mo*
    $232.50 annually
    $250,000 of coverage

    Get A Rate Quote
    Features
    • Guaranteed renewable to age 95
    • Coverage starting at $100,000
    • Convertible to a permanent policy regardless of health, subject to age limits as stated in the policy

    Return Of Premium

    Return of Premium Term offers you coverage with a level premium payment for 20 or 30 years, whichever you choose. If you outlive that premium period, the policy premiums you've paid will be returned to you. The policy is guaranteed to renew up to age 95. Once past the level premium period, premiums will increase annually.
    Starting at $ 39.80 /mo*
    $457.50 annually
    $250,000 of coverage

    Get A Rate Quote
    Starting at $ 40.25 /mo*
    $462.50 annually
    $250,000 of coverage

    Get A Rate Quote
    Features
    • All premiums paid will be returned at the end of the 20 or 30 year period as long as the insured is living, and the policy is still in force
    • Coverage starting at $100,000
    • Guaranteed renewable to age 95, subject to age limits as stated in the policy
    • Convertible to a permanent policy regardless of health, subject to age limits as stated in the policy

    Mortgage Life 15 & 30

    Mortgage Life 15 & 30 is designed to provide funds for the repayment of a residential mortgage in event of premature death. After the first 5 years, the death benefit, which is meant to behave similar to your mortgage, decreases over the life of the policy. It is sometimes called a "decreasing term" policy.
    Starting at $ 21.58 /mo*
    $248.00 annually
    $100,000 of coverage

    Get A Rate Quote
    Starting at $ 22.45 /mo*
    $258.00 annually
    $100,000 of coverage

    Get A Rate Quote
    Features
    • Coverage is available for 15 or 30 year periods
    • You choose the amount based on your mortgage balance
    • $50,000 minimum coverage amount
    • Convertible to a permanent policy regardless of health, subject to age limits as stated in the policy

    5 Year Term Life

    Provides affordable life insurance protection for covering any short-term life insurance need you may have. You have the right to renew for an additional 5 year term up to age 85 (age 80 in NY), though premiums will increase with age.

    Starting at $ 15.88 /mo*
    $182.50 annually
    $50,000 of coverage

    Get A Rate Quote
    Features
    • Guaranteed renewable to age 85 (age 80 in NY)
    • $50,000 minimum coverage
    • Convertible to a permanent policy regardless of health, subject to age limits as stated in the policy
    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 a 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

    Get a Life Quote



    Find an Agent

    Contact a local Agent for information or advice.




    How Much Do You Need?

    Find the right coverage for you.
    Get Started

    The Right Company.
    The Right Price.
    For over 80 years we've delivered on our promise to millions of State Farm customers.
    Learn More





    Auto
  • Homeowners
  • Condo Owners
  • Renters
  • Life
  • Annuities
  • Health
  • Disability
  • Long-Term Care
  • Business
  • Boat
  • Other Insurance





  • Universal Life Insurance

    Universal Life insurance is a permanent policy that allows you the
    flexibility to customize the coverage and premiums that meet your needs.

    How it Works

    Premiums are paid into your policy's account value (after a premium expense charge), where it earns interest. Every month, various deductions, such as a charge for insurance protection, are then made from the account value. You have the ability to take loans or make withdrawals from the account value for your personal needs. Loans accrue interest and unpaid loans plus interest and withdrawals will reduce the death benefit and cash value. The policy continues as long as the cash value is sufficient to cover the various deductions each month*.
    Typical Uses:
    • Provides for a family's loss of income, mortgage costs, and educational needs
    • Access to cash value for life's opportunities
    • Estate, special needs, and business planning

    Universal Life

    A Universal Life policy is a flexible way to help protect your loved ones and build tax-deferred cash value.

    To get a Quote,
    please contact an Agent

    Contact an Agent
    Features

    Survivorship Universal Life

    Survivorship Universal Life covers two people. The death benefit is paid when the last person insured under the policy dies. Survivorship Universal Life is an efficient way to assist with a variety of planning needs.

    To get a Quote,
    please contact an Agent

    Contact an Agent
    Features

    Joint Universal Life

    Joint Universal Life covers two people. The death benefit is paid upon the first death of the insureds. Joint Universal Life offers an economical way of providing permanent coverage to two individuals under one policy.

    To get a Quote,
    please contact an Agent

    Contact an Agent
    Features
    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

    Not FDIC Insured
    • No Bank Guarantee
    • May Lose Value

    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)
    • Bloomington, IL
    IL - 12.12




    Get a Life Quote




    Find an Agent

    Contact a local Agent for information or advice.




    How Much Do You Need?

    Find the right coverage for you.
    Get Started

    The Right Company.
    The Right Price.
    For over 80 years we've delivered on our promise to millions of State Farm customers.
    Learn More






    Auto
  • Homeowners
  • Condo Owners
  • Renters
  • Life
  • Annuities
  • Health
  • Disability
  • Long-Term Care
  • Business
  • Boat
  • Other Insurance


  • Converting Your Term Life to a
    Permanent Life Policy



    Ready to get started?

    You realize the importance of life insurance and the value of the financial protection it provides. When you purchased your term life insurance policy, you took the important step of providing protection for your loved ones for a specified period of time.
    However, have you considered the benefits of a permanent life insurance policy?

    Benefits of Converting Your Term Life to a Permanent Life Policy

    • Permanent life insurance, such as whole life, offers premiums that remain the same and provides your loved ones with protection throughout your lifetime.
    • A permanent life insurance plan builds cash value, which can be withdrawn or borrowed during your lifetime.
    • If you convert qualifying term life insurance to a permanent life or universal life insurance policy, the new policy's first year premium will be reduced. The amount of reduction is based on the premiums you have paid on your existing term coverage during the 12 months prior to the conversion. This offer is only available during the first five years of your term life insurance coverage.
    • You may convert your term life insurance to permanent life insurance regardless of your health or occupation, at any time prior to age 75 (subject to established minimums).
    View more detailed information on the differences between Term and Permanent Life Insurance.
    Don't miss this opportunity. Contact your State Farm agent today to discuss why permanent life insurance might be your best option.
    Issued by:
    State Farm Life Insurance Company (Not licensed in MA, NY or WI)
    Bloomington, IL
    State Farm Life and Accident Assurance Company
    (Licensed in New York and Wisconsin)
    Home Office, Bloomington, Illinois





    Auto
  • Homeowners
  • Condo Owners
  • Renters
  • Life
  • Annuities
  • Health
  • Disability
  • Long-Term Care
  • Business
  • Boat
  • Other Insurance





  • Universal Life Insurance

    Universal Life insurance is a permanent policy that allows you the flexibility
    to customize the coverage and premiums that meet your needs.

    Universal Life

    Life changes. You get married, you need life insurance. You have kids, you need more insurance. Suddenly the kids are all grown up and the mortgage is paid off. Now, maybe you don't need as much coverage as you used to. It's clear that your need for life insurance changes along with your life. That's why State Farm® offers Universal Life Insurance. This flexible policy allows you to raise or lower your coverage-and your premiums-to fit your needs.1 It even builds cash value that you can use during your lifetime.

    Eligibility

    Premium DurationLifetime
    CoverageStarting at $25,000 for ages
    0 to 19
    Starting at $50,000 for ages
    20 to 54
    Starting at $25,000 for ages
    55 to 85
    Issue Ages0 to 85
    To get a Quote,
    please contact an Agent

    Contact an Agent

      Death Benefit Options

      There are two death benefit options you can choose with a Universal Life insurance policy.
      Option 1Option 2
      Provides a level death benefit equal to the Basic Amount of life insurance you choose.Provides a death benefit that varies with your policy Account Value. Your death benefit is the amount of life insurance plus the policy Account Value.
      Death Benefit Option 1 DiagramDeath Benefit Option 2 Diagram

      Customize your Policy

      Add even more value to your policy by buying any of these optional riders. A State Farm agent can help you customize a policy to meet your needs.3
      Additional Insured Level Term Rider
        Children's Term Rider
        Guaranteed Insurability Option
        Waiver of Monthly Deduction for Disability Rider
        State Farm offers the Flexible Care Benefit Rider in select states. Learn More
        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; or to apply for coverage, contact a local State Farm agent.

        1 With Universal Life it is possible that coverage will expire when either no premiums are paid following the initial premium or subsequent premiums are insufficient to continue coverage. Changes in policy coverage amounts are subject to policy limits. Increases are subject to underwriting and may require additional premium.

        2 Unpaid loans and withdrawals will reduce the death benefit and policy cash value. Loans also accrue interest.

        3 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

        Not FDIC Insured
        • No Bank Guarantee
        • May Lose Value

        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)
        • Bloomington, IL
        IL-102.11



        Get a Life Quote




        Find an Agent

        Contact a local Agent for information or advice.










        Auto
      • Homeowners
      • Condo Owners
      • Renters
      • Life
      • Annuities
      • Health
      • Disability
      • Long-Term Care
      • Business
      • Boat
      • Other Insurance





      • Term Life Insurance

        Simple - Affordable - Protection.

        Return of Premium Term 20, 30 Year

        You want to help protect your loved ones from financial hardship if you can't be there for them. That's what life insurance is all about. But instead of life-long life insurance coverage, you may only need to protect your family from long-term expenses such as:
        • The mortgage
        • Your children's education
        • A home equity loan
        In that case, the State Farm® Return of Premium Life Insurance policy might be just what you need. It offers you coverage with a level premium payment term of 20 or 30 years, whichever you choose. And if you outlive that level premium payment period, the policy premiums you've paid will be returned to you.1
        That's right - if your policy's death benefit is not paid within the initial 20 or 30 year term, you'll get your money back at the end of the term. A guarantee like that makes it easier to give your loved ones the financial protection they need.
        The sample rates below are for a 25 year old female in outstanding health. You can personalize it for you by clicking "Get a Quote".

        Eligibility
        Term Length 20 or 30 Years
        CoverageCoverage begins at $100,000
        Issue Ages20 to 60* for Return of Premium 20
        20 to 45 for Return of Premium 30
        Starting at $ 39.80 /mo*
        $457.50 annually
        $250,000 of coverage

        Get A Rate Quote
        Starting at $ 40.25 /mo*
        $462.50 annually
        $250,000 of coverage

        Get A Rate Quote

        * Available up to age 55 for Tobacco and Preferred Tobacco Classes

        How it Works
        Take a look at the policy that can pay you back:
        • You can choose an initial term of either 20 or 30 years
        • You'll pay a level premium throughout the initial 20 or 30 year policy period
        • Premiums will be refunded to you at the end of the level premium policy term (20 or 30 years)assuming the death benefit has not been paid during initial policy term, and all of the scheduled premiums have been paid1
        • The policy builds cash value, which you can borrow against during the level premium
          period 2
        • You can continue your coverage beyond the level premium period on an annually renewable basis to age 95. Premiums will increase annually but will never exceed the maximum premium stated in the policy
        • Tax-free death benefit - No matter how large your death benefit, it passes to your beneficiaries generally income tax-free
        • If you have auto insurance with State Farm, purchasing a State Farm Life Insurance policy may entitle you to a discount on your auto premiums with our multi-line discount
        Need lifelong coverage? Just convert to permanent coverage and premiums up to age 75 -no matter your state of health. 3

        Customize your Policy

        Add even more value to your policy by buying any of these optional riders.1 A State Farm agent can help you customize a policy to meet your needs.
        Children's Term Rider
        This rider provides temporary insurance for each eligible child that is named on the application, and any eligible children acquired in the future. This insurance can be converted at expiry, regardless of health, to provide continuing life insurance coverage for each child.
        Waiver of Premium for Disability
        Helps preserve your plan at a time when income may be limited due to a disability. If the insured becomes totally disabled for 6 continuous months, as defined in the policy, prior to age 60, this coverage will waive future premiums as long as the insured continues to be totally disabled. If the insured becomes disabled between the ages 60 and 65, this coverage will waive premiums to the later of the third policy anniversary after total disability, and the anniversary when the insured is age 65.
        This is only a general description of coverage. A complete statement of coverage is found only in the policy. For more details on coverage, costs, restrictions; or to apply for coverage, contact a 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.

        1 Assumes the death benefit has not been paid during initial policy term, and all of the scheduled premiums have been paid. The Return of Premium benefit on the base policy is not taxable. Any Waiver of Premium for Disability Rider premiums returned as part of the Return of Premium benefit may be taxable. The Return of Premium benefit on the base policy is not taxable. Any Waiver of Premium for Disability Rider premiums returned as part of the Return of Premium benefit may be taxable.

        2 Unpaid loans and withdrawals will reduce the guaranteed death benefit, and policy cash value and any Return of Premium benefits. Loans also accrue interest.

        3 Insurance policies and/or associated riders and features may not be available in all states, and policy terms and conditions may vary by state.

        Adjustable Premium Level Term Life Insurance policy series 08025 in all states except MT, NY, WI; 08075 in MT, A08025 in NY & WI.

        Children's Term Life Insurance Benefit Rider, used with Adjustable Premium Level Term, policy series 08144 in all states except MT, NY, WI; 08444 in MT, A08144 in NY & WI. Waiver of Premium Benefit Rider, used with Adjustable Premium Level Term, policy series 10208 in all states except MT, NY, WI; 10508 in MT, A10208 in WI, and A08208 in NY.

        Policy Series Info

        Not FDIC Insured
        • No Bank Guarantee
        • May Lose Value

        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)
        • Bloomington, IL
        IL-152.5



        Get a Life Quote




        Find an Agent

        Contact a local Agent for information or advice.



        Disclosures







        © Copyright, State Farm Mutual Automobile Insurance Company, 2013.

        Auto
      • Homeowners
      • Condo Owners
      • Renters
      • Life
      • Annuities
      • Health
      • Disability
      • Long-Term Care
      • Business
      • Boat
      • Other Insurance


      • Flexible Care Benefit Rider1



        Ready to get started?
        The purpose of this communication is the solicitation of insurance. Contact will be made by an insurance agent or insurance company.
        When the insured becomes chronically ill and is eligible to receive benefits, he/she can access a portion of the policy’s death benefit every month. The monthly benefit amount can be used at the policyholder’s discretion. Monthly benefit payments will lower the policy’s death benefit and other policy values. In addition, cost of insurance, monthly charges for any riders, and monthly expense charges for the policy will be waived while claim requirements are met.
        Chronically ill means a licensed health care practitioner has certified that the insured:
        1. is unable to perform at least 2 activities of daily living (as defined in the rider) without substantial assistance, for a period of at least 90 days due to a loss of functional capacity; or
        2. requires substantial supervision to protect the insured’s health and safety due to severe cognitive impairment.
        Let’s see how it works:
        To understand how this rider can help pay for your long-term care expenses, let’s look at a hypothetical example. Melinda was healthy and active until she suffered a stroke and, as a result, became chronically ill. To continue living in her home, Melinda needed part-time care five days a week, at $18.50 an hour2, for the remaining four years of her life. She also had to pay for services that she could no longer do on her own, such as housecleaning and yard work.
        Fortunately, she had a Universal Life policy with a $250,000 death benefit and a Flexible Care Benefit rider and qualified to receive benefits. She chose to receive payments of $4,000 per month.3
        WHAT WAS THE COST OF MELINDA’S CARE?
        Home health care:
        $148 per day x 5 days a week x 52 weeks for 4 years
        $153,920
        Other living expenses (house cleaning, yard work, etc.)$7,500
        Total expenses$161,420

        HOW MUCH DID MELINDA AND HER BENEFICIARIES RECEIVE?
        Flexible Care Benefit rider benefit - $4,000 per month x 12 months for 4 years$192,000
        Melinda’s death benefit ($250,000 - $192,000)$58,000

        In this example, Melinda opted to receive a larger monthly benefit than her actual long-term care expenses. Even after providing benefits to help cover those expenses, her life policy still paid a sizeable lump sum to her loved ones.
        It is possible that benefits provided by this rider maybe be taxable. The policyholder should consult their personal attorney or tax advisor.
        For details about the cost, coverage, and limitations, see a State Farm agent.
        1Flexible Care Benefit rider is the marketing name for Accelerated Death Benefit for Long-Term Care Rider in all states, except it is known as the Accelerated Benefit for Long-Term Care Rider in KY and Advanced Death Benefit for Long-Term Care Rider in IN.
        2Based on average cost of home health aides. Genworth Financial. Genworth Financial Cost of Care Survey. Conducted by CareScout, an independent research firm. (April 2009).
        3The maximum monthly benefit is the lesser of:
        • Two percent of the life insurance death benefit (at the time of the claim) and
        • IRS per diem amount ($300/day in 2011) times the number of days in the month. (Not applicable in Canada)
        The policyholder can choose a lesser amount, subject to a monthly minimum defined in the rider.
        Universal Life policy series 11030, 11080, A11030, and A11080.
        Accelerated Death Benefit for Long-Term Care Rider, used with Universal Life, policy series 10220 and 10520.
        Insurance policies and/or associated riders and features may not be available in all states, and policy terms and conditions may vary by state.
        Accelerated Benefit for Long-Term Care Rider, used with Universal Life, policy series 10220 in KY and A10220 in WI.
        Advanced Death Benefit for Long-Term Care Rider, used with Universal Life, policy series 10220 in IN.
        Accelerated Benefit for Long-Term Care Rider, used with Universal Life, policy series 10220-12 in ID.
        LIMITATIONS AND EXCLUSIONS PROVISION for policy 10220-12: The Monthly Benefit will not exceed the Maximum Monthly Benefit. No Monthly Benefit will be paid for a period more than 12 months prior to the date We receive a Request for benefits under this Rider. No Monthly Benefit will be paid for any loss that: starts before the Effective Date of this Rider; results from an attempted suicide, while sane or insane, or intentionally self-inflicted injury; results from the Insured’s alcoholism or addiction to drugs or narcotics; but not addiction which results from the administration of those substances in accordance with the advice and written instructions of a Licensed Health Care Practitioner; occurs or continues while the Insured is living outside of the United States of America or its territories or possessions; results from the Insured’s participation in a felony, riot or insurrection, or involvement in an illegal occupation; occurs or continues during the Insured’s incarceration; or results from any act due to war whether or not the Insured is in the military service. “War” means declared or undeclared war or conflict involving the armed forces of one or more countries, governments, or international organizations.
        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)
        Bloomington, Illinois
        Get a quote



          © Copyright, State Farm Mutual Automobile Insurance Company, 2013.
        Auto
      • Homeowners
      • Condo Owners
      • Renters
      • Life
      • Annuities
      • Health
      • Disability
      • Long-Term Care
      • Business
      • Boat
      • Other Insurance


      • Family Life Insurance



        Ready to get started?

        Your family always comes first. And you’d do anything to make sure they’re cared for, whatever the future may bring. So, how can you help make sure:

        • Your family would be cared for if something happened to either you or your spouse?
        • Your children could get the life coverage they’ll need when they’re older?
        Life insurance with State Farm® can help secure your family’s financial future if you aren’t there. This is family life coverage made simple. Instead of dealing with separate policies, you can get life coverage for your immediate family – for one rate – under a single policy.  It’s the right life insurance coverage for your needs.

        Life just got even better

        Life insurance is usually thought of as something for the spouse who is the breadwinner. If that person dies, then the life insurance benefit would help provide for the family. The mortgage may still get paid; the kids may still go to college.
        Life coverage is no less important for the spouse who stays at home, works part time, or is a secondary breadwinner. A life insurance benefit may help pay for childcare, housekeeping, meals, and other services your family can’t do without.
        Life insurance is also important for the kids. Getting them covered at a young age may help ensure they have the coverage in the future. They can convert the coverage as adults, even if they later develop health problems that would otherwise make them uninsurable.1
        With life insurance whatever the future brings, your loved ones’ financial security may be protected.

        Basic facts: State Farm Family Life Insurance

        Talk to your agent to see which policy makes sense for you. Once you or your spouse is covered by either a State Farm Select Term or Whole Life insurance policy, just add one (or both) of these riders to help protect the rest of your family.
        • Select Term Rider - Provides life insurance to age 95 with a premium that will remain level for 10, 20,or 30 years depending on the coverage you choose. The rider is available on both the insured and an additional insured and can be converted to a permanent policy if lifetime coverage is needed.1  Minimum coverage is $100,000.
        • Children’s Term Rider - Add this to cover your children. Just one rider can provide up to $20,000 in life insurance coverage for each child in your family, including children yet to be born. So as your family grows, new children are automatically covered. You can convert this rider at expiration of coverage to any available policy to provide lifetime coverage for each child.1

        Big Coverage Little Cost

        Here's an example of what Family Life Insurance would cost a family of three, assuming $250,000 in coverage for each parent and $10,000 for the child.
        Household MemberPolicy/Rider TypeAnnual Premium
        35-year old male*Select Term-20, Best Rate$235
        30-year old female*Select Term-20 Rider, Best Rate$135
        Child**Children's Term Rider$50
        Total Annual Premium $420
        *Premiums are based on our Elite Preferred underwriting class and assume both insureds have not used tobacco or other nicotine products for the past 36 months.
        **Must be under 18 years and eligible for insurance at the time of application.
        1Conversion options vary by state. Please talk with a State Farm agent.

        We’re here for life

        Life insurance coverage for your family has never been so affordable. And it’s insurance coverage you can count on because State Farm stands behind it. State Farm began offering life insurance in 1929, and we’ve always had the financial resources to deliver on our policy promises. Getting in touch is easy.




          © Copyright, State Farm Mutual Automobile Insurance Company, 2013.
        Auto
      • Homeowners
      • Condo Owners
      • Renters
      • Life
      • Annuities
      • Health
      • Disability
      • Long-Term Care
      • Business
      • Boat
      • Other Insurance


      • Estate planning


        TThe material found on this site is for general information only. Concepts included on this site dealing with federal estate tax issues may not be the most acceptable or best option for your situation. You should consult your attorney for advice on your particular situation.
        Estate Planning involves developing a "plan" that will accomplish the goals and objectives of an estate owner while living and at death.
        These goals and objectives could include:
        • Providing cash payment  for estate expenses including federal estate tax.
        • Providing income to family members after the estate owner's death.
        • Providing for the disposition of a business at death.
        • Distributing assets to family members and other heirs in a tax efficient manner.
        It is an ongoing process that involves the creation, conservation, and distribution of property. The "plan" could be as simple as having a will and life insurance, or could require the use of  trusts, business continuation plans, or charitable arrangements among other concepts/products.

        State Farm® offers a service to assist you with the first steps of estate planning.

        Estate Tax Presentation service


        The purpose of this service is to collect information regarding your assets and liabilities in order to determine estate tax liability and if there is sufficient liquidity to pay estate taxes. The Estate Tax Presentation reflects the recent changes in estate tax law and also illustrates the effect of future growth and inflation on your estate.
        We encourage you to contact a State Farm agent and ask about this free service.

        Neither State Farm nor its agents provide tax or legal advice. State Farm Life Insurance Company (Not licensed in MA, NY or WI)
        Bloomington, IL
        State Farm Life and Accident Assurance Company
        (Licensed in New York and Wisconsin)
        Home Office, Bloomington, Illinois
        Get a quote



          © Copyright, State Farm Mutual Automobile Insurance Company, 2013.

        Manage Insurance Information Get the most out of State Farm
        • Pay bills online
        • Manage your State Farm payment plans
        • View bill status
        • View policy information
        • Update coverage
        • Request insurance documents
        • File a claim
        • Paperless SFPP Billing

        Manage Mutual Fund information Save for the future with State Farm
        • View Mutual Fund Account info
        • Purchase, exchange, and redeem shares
        • Update distribution options
        • Add Automatic Investment Plan
        Bank with State Farm (U.S. Only) It’s so simple to do banking online with State Farm
        • View account balances
        • View transactions
        • Download transaction info
        • View account info
        • Manage bank alerts
        • Open accounts
        • Transfer funds
        • Pay all of your bills

        Manage State Farm Account Take care of your State Farm accounts online
        • Change your password
        • Change your personal profile
        • Create and manage alerts
        • Change security questions and answers
        Stay connected with State Farm Check out how many ways you can stay in touch with State Farm.
        • Access secure email
        • Contact State Farm departments
        • View agent information
        • Contact agent 
        Auto
      • Homeowners
      • Condo Owners
      • Renters
      • Life & Annuities
      • Health
      • Disability
      • Long-Term Care
      • Business
      • Boat
      • Other Insurance

      • Auto & Property Insurance

        Having an accident can be stressful, but we don't think settling your insurance claim should be. Whether you need to report a claim, learn more about the claims process or find an auto repair facility, we've got you covered!
        If you would like to talk to a person to report your claim, please contact your Agent or call us direct at 1-800-STATE-FARM (1-800-782-8332).

        Life Insurance

        We are committed to an efficient, organized life insurance claims process devoid of hassle and red tape because we know that the passing of a loved one creates plenty of stress on its own.
        New Brunswick, Canada residents, please contact a State Farm agent to report a death claim.
        Report a life insurance claim
            

        Lewis Insurance
        2525 S. Lamar Ste 11
        Austin, TX
        78704

        www.nationwide.com/joshlewis
        www.austinhealthbrokers.com

        No comments:

        Post a Comment