Helpful Life Insurance information from State Farm
Life Planning
Want to learn more about State Farm life insurance? Our Life Planning tools and informationwill help you get up to speed on everything from the basics to advanced planning options.
Learn More
Getting Started
Beyond The Basics
Servicing Your Policy
Find an Agent
Contact a local Agent for information or advice.
Coverages At A Glance
Whether you're looking for the affordability of term insurance, the lifelong protection and cash value
of permanent insurance, or a combination of both, we have options to fit your needs and budget.
of permanent insurance, or a combination of both, we have options to fit your needs and budget.
Term Life | Whole Life | Universal Life | |
|---|---|---|---|
| Advantages | Simple, affordable coverage for a period of time. | Lifetime coverage with access to cash value. | Flexible coverage & flexible premiums. |
| What It's Used For | Appropriate for short-term coverage needs. | Life insurance for life-long needs. | Permanent protection and flexibility. |
| Guaranteed Death Benefit | |||
| Cash Value | |||
| Lifetime Level Premiums | |||
| *Lifetime Coverage | |||
| *Flexible Premiums | |||
| **Dividends | |||
| Available Policies | Term Life Policies | Whole Life Policies | Universal Life Policies |
* With Universal Life it is possible coverage will expire when either no premiums are paid following the initial minimum premium or subsequent premiums are insufficient to continue coverage.
** Whole Life policies are eligible to earn dividends, however, dividends are not guaranteed.
Bread Crumb Navigation
- Home
- Insurance
- Life Annuity
- Life Insurance Basics
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.More Information
Types of Life Insurance
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.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
- Loved one’s financial needs
- Final expenses
- Estate planning
- Contributions to charity
- Business legacy
- Access to accumulated cash value
Select Term-20 policy series 06020 in all states except MT, NY, OR, WI; 06070 in MT, A06021 in NY, 06021 in OR, A06020 in WI. Whole Life policy series 11000, 11050, A11000, and A11050. Insurance policies and/or associated riders and features may not be available in all states, and policy terms and conditions may vary by state.
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
IL-4.9
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).
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
IL - 359
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 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 Member | Policy/Rider Type | Annual 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 | ||
**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. Walk in, Mail in, Call in, Click in®. Contact a State Farm agent today or visit statefarm.com®, and see how we can help you and your family plan for the future.Select Term-10, Select Term-20, and Select Term-30 policy series 06020, 06021, 06022, 06070, A06020, A06021, and A06022
Level Term to Age 95 Life Insurance Benefit Rider with Premiums Adjustable After 10 Years, used with Select Term, policy series 09161, 09461, and A09161.
Level Term to Age 95 Life Insurance Benefit Rider with Premiums Adjustable After 20 Years, used with Select Term, policy series 09162, 09462, and A09162.
Level Term to Age 95 Life Insurance Benefit Rider with Premiums Adjustable After 30 Years, used with Select Term, policy series 09163, 09463, and A09163.
Additional Insured’s Level Term to Age 95 Life Insurance Benefit Rider with Premiums Adjustable After 10 Years, used with Select Term, policy series 09181, 09481, and A09181.
Additional Insured’s Level Term to Age 95 Life Insurance Benefit Rider with Premiums Adjustable After 20 Years, used with Select Term, policy series 09182, 09482, and A09182.
Additional Insured’s Level Term to Age 95 Life Insurance Benefit Rider with Premiums Adjustable After 30 Years, used with Select Term, policy series 09183, 09483, and A09183.
Children’s Term Life Insurance Benefit Rider, used with Select Term, policy series 06140, 06440, and A06140.
Whole Life policy series 11000, 11050, and A11000.
Level Term to Age 95 Life Insurance Benefit Rider with Premiums Adjustable After 10 Years, used with Whole Life, policy series 09151, 09451, and A09151.
Level Term to Age 95 Life Insurance Benefit Rider with Premiums Adjustable After 20 Years, used with Whole Life, policy series 09152, 09452, and A09152.
Level Term to Age 95 Life Insurance Benefit Rider with Premiums Adjustable After 30 Years, used with Whole Life, policy series 09153, 09453, and A09153.
Additional Insured’s Level Term to Age 95 Life Insurance Benefit Rider with Premiums Adjustable After 10 Years, used with Whole Life, policy series 09171, 09471, and A09171.
Additional Insured’s Level Term to Age 95 Life Insurance Benefit Rider with Premiums Adjustable After 20 Years, used with Whole Life, policy series 09172, 09472, and A09172.
Additional Insured’s Level Term to Age 95 Life Insurance Benefit Rider with Premiums Adjustable After 30 Years, used with Whole Life, policy series 09173, 09473, and A09173.
Children’s Term Life Insurance Benefit Rider, used with Whole Life, policy series 07140, 07440, and A07140.
Insurance policies and/or associated riders and features may not be available in all states, and policy terms and conditions may vary by state.
IL-168
Whole Life Insurance
Life insurance can be the foundation for a family's financial protection. State Farm® offersa variety of whole life insurance policies that not only helps your family prepare for the
unexpected, but can build cash value you can use during your lifetime.
How it Works
Whole Life insurance offers level premiums and life insurance protection for as long as you live, provided that premiums are paid as required to keep the policy in force. State Farm offers whole life policies that can be paid with a single premium, premiums payable to 100, or somewhere in between. Whole life policies also provide for the accumulation of cash value on a tax-deferred basis which can be used when you need it, to help with life’s opportunities. Policy loans do accrue interest, and any outstanding policy loans and interest will reduce the death benefit and cash value.
Typical Uses:
- Provides for a family’s loss of income, mortgage costs, and educational needs
- Access to cash value for life’s opportunities
- Leaving a legacy for the next generation
To learn more about Whole Life Insurance, Click here for videos.
Whole 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".
Single Premium Life
One premium payment, a lifetime of benefits.*
Starting at $ 17,239 *
One-Time Payment
$100,000 of coverage
Get A Rate Quote
* Policy is a Modified Endowment Contract
Final Expense ($10,000 Whole Life in New York)
This policy is available for ages 50 - 80 (75 in NY), and designed to ease the financial burden of burial expenses.Get a Life Quote
Find an Agent
Contact a local Agent for information or advice.
The Right Company.
The Right Price.
For over 80 years we've delivered on our promise to millions of State Farm customers.The Right Price.
Learn More
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.- 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.- 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.- 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.- 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
Get a Life Quote
Find an Agent
Contact a local Agent for information or advice.
The Right Company.
The Right Price.
For over 80 years we've delivered on our promise to millions of State Farm customers.The Right Price.
Learn More
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.- 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.- 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.- 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.- 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
Get a Life Quote
Find an Agent
Contact a local Agent for information or advice.
The Right Company.
The Right Price.
For over 80 years we've delivered on our promise to millions of State Farm customers.The Right Price.
Learn More
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.- 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.- 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.- 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.- 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
Typical Uses:
- Provides for a family’s loss of income, mortgage costs, and educational needs
- Access to cash value for life’s opportunities
- Leaving a legacy for the next generation
To learn more about Whole Life Insurance, Click here for videos.
Whole 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".
Single Premium Life
One premium payment, a lifetime of benefits.*
Starting at $ 17,239 *
One-Time Payment
$100,000 of coverage
Get A Rate Quote
* Policy is a Modified Endowment Contract
Final Expense ($10,000 Whole Life in New York)
This policy is available for ages 50 - 80 (75 in NY), and designed to ease the financial burden of burial expenses.
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.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.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.
Lewis Insurance
2525 S Lamar Ste 11
Austin, TX
78704
