State Farm Life Insurance
Overview
Headquartered in Bloomington, Illinois, State Farm Insurance was founded in 1922. State Farm has been the largest auto insurance company since 1942. They currently employ more than 65,000 people, contract 18,000 agents, and services over 82 million policies and accounts throughout the United States. State Farm offer many different services and products, from auto, motorcycle, home & property insurances, to financial services.
Basics & Ratings
| Founded | J.D. Power Rating | A.M. Best |
|---|---|---|
| 1922 | 853 | A++ |
Life Products
Term Life Insurance
| Details | |
|---|---|
| Min Age: 20 Years | Length Options: 10, 15, 20, 30 Years |
| Max Age: 75 Years | Subtypes: Guaranteed |
| Min Death Benefit: $50,000 | Available Riders: Disability, Waiver of Premium, Mortgage Life, Child Protection, Term Insurance |
| Max Death Benefit: $250,000 | |
Whole Life Insurance
| Details | |
|---|---|
| Min Age: 0 Years | Max Age: 80 Years |
| Min Death Benefit: $10,000 | Available Riders: Payor Insurance, Waiver of Premium, Disability, Guaranteed Insurability |
| Max Death Benefit: $100,000 | Premium Options: Level Premiums |
| Dividend Options: Participating | |
Universal Life Insurance
| Details | |
|---|---|
| Min Age: 0 Years | Max Age: 90 Years |
| Min Death Benefit: $25,000 | Available Riders: Waiver of Monthly Deduction, Guaranteed Insurability, Paid Up Insurance, Family Coverage, Disability, Child Protection, Term Insurance, Estate Protection |
| Max Death Benefit: $250,000 | Premium Options: Flexible Premiums |
Variable Universal Life Insurance
| Details | |
|---|---|
| Available Riders: Accidental Death Benefit, Additional Insured Term, Waiver of Monthly Deduction, Child Protection, Guaranteed Insurability | Premium Options: Flexible Premiums |
