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InsuranceDoes State Farm Offer Life and Health Insurance?

Does State Farm Offer Life and Health Insurance?

State Farm is a renowned life insurance company that provides its customers with different types of insurance products. This insurance company started its journey of selling insurance products in 1922 and had only auto insurance to offer its customers.

But does State Farm offer life and health insurance and others now? The answer is a fair ‘yes.’

State Farm’s headquarters are situated in Bloomington, IL, USA. This company generates many more insurance products, for instance, home, auto, life, health, liability, disability, pet, and so on. The agency proffers millions of potential policies and accounts.

Life Insurance Designed By State Farm

Do State Farm offer life and health insurance? Let me illustrate the answer to your question.

State Farm commenced retailing life insurance coverages in 1929 and has almost 8 million active accounts. State Farm distributes three types of coverage for life insurance holders mainly. They are term life insurance, whole life insurance, and universal life insurance.

Life insurance with a 1 million and 20-year validation policy charges a 35-year-old $22.19, a 45-year-old $134.44, and a 65-year-old $1006.64 per month.

Term Life Insurance

Term life insurance is a type of life insurance that can be purchased with no high premiums and with advanced coverage. This type of insurance basically helps an insured person ensuring with death protection only within a determined time stated in the contract paper. This provides you with transient protection financially.

State Farm is committed to securing its customers with their term life insurance advantages.

Term Life Insurance Options From State Farm

Select term life, return of premium term life, and instant answer term life policies are the three options of term life insurance provided by State Farm.

Select Term Life

“Select term life policy” consists of three terms (different durations). The durations are 10, 20, and 30 years. Again, there are age restrictions on those terms.

  • People aged 18-75 aren’t allowed to have 10 years’ select term life insurance.
  • People aged 18–65 aren’t capable of signing up for 20 years of select term life insurance.
  • People aged 18–45 are restricted from getting 30 years’ select term life insurance.

On the other hand,

The minimum coverage is $100,000 for a select term life policy.

Select-term life insurance can easily be transformed into permanent life insurance with no cost; not even a medical exam is needed.

Return of Premium Term Life

‘Return of premium term life policy has two terms (different durations). The durations are 20 and 30 years. The age curtailments are given below.

  • People can’t have 20 years’ return of premium term life insurance.
  • People do seem eligible for 30 years’ return of premium for term life insurance.

The least possible coverage of the return of premium for term life begins at $100,000, the same as a “select term life policy,” and it has easy access to permanent life insurance transformation.

Instant Answer Term Life

Instant answer term life is an option with a 10-year term of term life insurance.

The age of retrenchment for this option is 16-45. If you are 46 years old, you can proceed with this policy and even continue it until you are 50 ( though the duration can be 10 years).

Whole Life Insurance

Whole life insurance is such a policy that doesn’t work after its guarantee expires, and there is no increment to your premiums. But this type of insurance doesn’t have the flexibility of extending the duration.

Whole Life Insurance Options From State Farm

There are 4 options for whole life insurance: Final Expense, Limited Pay Life, Single Premium Life, and Whole Life.

Final Expense

The final expense option is eligible for people aged between 50 and 80 in all states except New York. Here, the age range is 50 to 75.

The coverage limit starts at $10,000.

Limited Pay Life & Whole Life

The limited pay life option is valid for those who are 0-85 years old. And the starting coverage amount is $50,000 for a 20-year term, $100,000 for a 15-year term, and $250,000 for a 10-year term.

Also, the whole life option is accessible for the same age range.

Its coverage starts at $25,000.


Thus, State farm is a famous company and you can get good insurance products here. However, does State Farm offer life and health insurance? You have got this answer. Thanks for stay with us.

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