State Farm Life Insurance Review

State Farm Life Insurance Company is one of the most well known and recognizable names in the insurance industry. The company offers a nice portfolio of insurance products, in addition to a mutual funds, banking and loans.

The Good

The State Farm Brand is Recognizable • The Company is A Popular Choice Amongst the Insured • State Farm Offers A Number of Life Insurance Policy Types: Individuals Can Purchase Term, Whole, Universal and Variable Universal • The Company Has Been In Existence for 80 Plus Years • Shoppers Can Get a Quote in As Little As 5 Minutes

The Bad

State Farm May Not Be a Good Option for Those That Want A Smaller Insurer
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Overview

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Policies / Plans

State Farm offers a great deal of variety in terms of their policies and plans. Individuals will be able to choose the type of policy that is best for them because they have a number of different options. Term Life, Whole Life, Universal and Variable Universal are the available plans. It is much better to have choices then to be stuck with only one type of plan, for instance only Term Life or Whole Life. When attempting to decide which type of insurance it is often a good idea to speak with an agent if a person finds it difficult to understand the differences, advantages and disadvantages on their own. However, much of this information can be found on the company’s website.

In addition to life insurance plans, individuals will also be able to purchase auto and home insurance, plus a few more policies. Those interested in investing in mutual funds will be able to do so via State Farm. Those that qualify might be able to secure a loan or do their banking through the mega company.

Pricing / Rates

State Farm offers affordable insurance plans, which is one reason why the company is so popular. They prices are pretty affordable and allow individuals to secure coverage at prices that are pretty cost effective. For those individuals looking for cheap coverage, the company’s Term policies are a good option. It is a good idea, even for these individuals who are only interested in Term insurance to make other considerations, aside from price when shopping for insurance. Whole Life, Universal and Variable Universal Coverage will cost more than Term Life but they also offer some perks and “extras” that Term does not. Both types are worth looking into because both may potentially turn out to be a good option. It’s okay to purchase more than one type of insurance policy.

Getting A Quote

One of the best things about State Farm for prospective customers is their near-instant quotes. Individuals are able to get a quote for a variety of life insurance policies in as little as 5 minutes. In some instances, it will take up to 10 minutes. However, whether it’s 5 or 10 minutes, it’s significantly shorter than other companies which require that an individual contact them before they will provide a quote. In order to obtain a quote, individuals need to fill out a form. The instant-quote engine will take in this information and then provide a non-binding quote.

Customer Service

Customer support offered at State Farm is very good. The company is committed to providing good client care. To make it happen, they have a toll free number where customers and those interested in becoming such, can reach them. It is also possible to contact them via email.

Summary

Policies / Plans Rating: 
10
Policies / Plans: 
State Farm offers a great deal of variety in terms of their policies and plans. Individuals will be able to choose the type of policy that is best for them because they have a number of different options. Term Life, Whole Life, Universal and Variable Universal are the available plans. It is much better to have choices then to be stuck with only one type of plan, for instance only Term Life or Whole Life. When attempting to decide which type of insurance it is often a good idea to speak with an agent if a person finds it difficult to understand the differences, advantages and disadvantages on their own. However, much of this information can be found on the company’s website. In addition to life insurance plans, individuals will also be able to purchase auto and home insurance, plus a few more policies. Those interested in investing in mutual funds will be able to do so via State Farm. Those that qualify might be able to secure a loan or do their banking through the mega company.
Pricing / Rates Rating: 
9.5
Getting A Quote Rating: 
10
Getting A Quote: 
One of the best things about State Farm for prospective customers is their near-instant quotes. Individuals are able to get a quote for a variety of life insurance policies in as little as 5 minutes. In some instances, it will take up to 10 minutes. However, whether it’s 5 or 10 minutes, it’s significantly shorter than other companies which require that an individual contact them before they will provide a quote. In order to obtain a quote, individuals need to fill out a form. The instant-quote engine will take in this information and then provide a non-binding quote.
Customer Service Rating: 
10
Overall Rating: 
10.00

Overall, State Farm is a good option for those looking for affordable life insurance and other products, both related and financial. The company provides quality customer service, a nice selection of products and it’s super easy to get a quote.

State Farm Life Insurance Info

Rating Overview

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