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Select Term 10, 20, 30 Year
How long do you need life insurance coverage? Maybe you only need it for student or vehicle loans. Or maybe you need coverage for a mortgage or business loan. Either way, State Farm® has Select Term Life Insurance policies that can help.
Our Select Term Life Insurance policies help guarantee your loved ones a death benefit if you die while the policy is in force. So instead of leaving your family with debts to pay, you’ll help leave them financially secure.
The State Farm Select Term Life Insurance policies offer coverage for periods of 10, 20, or 30 years. You choose the length of time, depending on how long you need the coverage.
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".
|Term Length||10, 20, 30 Years|
|Coverage||Starting at $100,000|
|Issue Ages||20 to 75 for Select Term 10
20 to 65 for Select Term 20
20 to 45 for Select Term 30
There has never been a better time to start than right now. There’s a lot more to like about these policies:
- The initial premium is guaranteed level for the term you select – 10, 20, or 30 years.
- You can pay your premiums monthly or annually.
- You can continue your coverage beyond the level premium term on an annually renewable basis to age 95. Your premiums will increase annually, but will never exceed the maximum premium stated in your policy.
- Tax-free death benefit – No matter how large your death benefit, it passes to your beneficiaries generally income tax-free.
- If you have auto insurance with State Farm, purchasing a State Farm Life Insurance policy may entitle you to a discount on your auto premiums with our multi-line discount.
Need lifelong coverage? Just convert to permanent coverage — no matter your state of health. Conversion options vary by province.
Customize your Policy
Add even more value to your policy by buying any of these optional riders 1. A State Farm agent can help you customize a policy to meet your needs.Children’s Term Rider
This rider provides temporary insurance for each eligible child that is named on the application, and any eligible children acquired in the future. This insurance can be converted at expiry, regardless of health, to provide continuing life insurance coverage for each child.
Select Term (10, 20, 30 Year)
This rider provides insurance protection to age 95 with premiums level for 10, 20 or 30 years depending on the rider selected.
Waiver of Premium
This waiver protects your life insurance at a time when income may be limited due to a disability. When the insured becomes totally disabled for 6 continuous months, as defined in the policy, prior to age 60 this coverage will waive all future policy premiums as long as the insured continues to be totally disabled. If the total disability for 6 continuous months occurs from age 60 up to age 65, this coverage will waive premiums to the later of the third anniversary after the disability and age 65 as long as the insured continues to be totally disabled.
Insurance policies and/or associated riders or features may not be available in all provinces, and policy terms and conditions vary by province.
This is a general description of coverage. A complete statement of coverage is found only in the policy.
For more details on coverage, costs, restrictions, and renewability; or to apply for coverage, contact your local State Farm agent.
State Farm agents do not provide tax, legal, or investment advice. Please consult your tax, legal, or investment advisor regarding your specific circumstances.
Coverage will expire when either no premiums are paid following the initial premium or subsequent premiums are insufficient to continue coverage.
Dividends are a return of premium and are based on the actual mortality, expense, and investment experience of the Company.
Dividends are not guaranteed.
State Farm International Life Insurance Company Ltd.
Aurora, Ontario. Licensed in Alberta, New Brunswick and Ontario.