State Farm Life Insurance: The Pros and Cons

Shawn Plummer

CEO, The Annuity Expert

Shopping for the best affordable life insurance policies and considering State Farm life insurance? Well, you’ve come to the right place if your buying a policy because we’ve researched for you. After reading this review, help yourself with the free quotes below and apply for coverage without the hassle.

State Farm Pros and Cons

Pros

  • State Farm Life Insurance is one of the biggest and best insurance companies in the United States.
  • Their current financial ratings are A++ with A.M. Best and AA with S&P.
  • They offer term, whole, and universal life insurance policies.

Cons

  • Life insurance State Farm offers is only State Farm life insurance products, and no other companies.
  • Options are minimal.
  • The cost can be expensive compared to other insurance companies.
  • You need to get a quote from a life insurance agent for permanent insurance.
  • You can only choose 10, 20, or 30 years for term insurance.
  • I did not see a life policy with no medical exam option.
  • $100,000 is the minimum coverage amount.

The Solution

Run a life insurance quote below with our quoting tool. Unlike State Farm, you can compare from 18 insurance companies. From those 18 companies, you can choose between supplemental and permanent insurance, including:

By offering these options, you can find the best life insurance policy at the cheapest cost and save money.

Frequently Asked Questions

Do I need life insurance?

The answer is yes if you have a family or loved ones with consistent debt to pay off each month. You don’t want to leave your spouse or family hanging with unpaid debt. If you are alone with no family or kids, save your money.  There’s no need for the additional cost.

How long should my insurance policy be?

Well, that depends on you, really. Terms range from 5 years to 40 years in length. A 20-year term is usually the norm. Permanent insurance is protection for the rest of your life.

How much does it cost to purchase a life policy?

The cost of coverage changes all the time. 

This is to give you a rough idea. I recommend you compare our quotes below with State Farm to make sure you’re getting the cheapest cost.

Buying Life Insurance

Shopping and comparing quotes from multiple companies is the first step in purchasing a life policy. The process is very similar to shopping for auto insurance.

The best rates are the policies with the cheapest rates since life insurance is primarily for death benefit planning.

I would recommend purchasing life insurance with a company that maintains an A.M. Best rating of “A-” or above.

We do not hand-select the insurance companies. We use a 3rd party software that generates unbiased quotes to benefit you. We also include universal life, whole life, and final expense insurance.

What makes us different from State Farm?

You can generate a life policy comparison from 18 insurance companies, most of which are “A” rated. We use a third-party software company that generates the results for you. You get to control which policy you’d like to purchase without the hassle.

Find The Best Life Insurance Coverage At The Cheapest Cost!

Compare life insurance quotes from 25 companies in seconds. Then, apply for coverage in less than 10 minutes.

Find Life Insurance Coverage with No Medical Exams

Apply for affordable life insurance with no medical exams. Then, apply for same-day coverage in less than 10 minutes.

Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

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