Small Cost. Big Protection.
That's Term Life Insurance.

Get Affordable Protection — Term Life Insurance

How it works

Term life insurance is the most straightforward form of protection. You generally pay premiums on a monthly or annual basis and your family is protected at an affordable price for a set amount of time - 10, 20 or 30 years. We offer a variety of affordable term life insurance products to fit your needs, time frame and budget.

  • Help provide for a family's loss of income.
  • Cover short-term debts and needs.
  • Provide additional insurance protection during the child-raising years.
  • Provide longer term protection to help your family pay off a mortgage or to help pay for post-secondary education.

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Term Life Insurance Policies

Sample rates are for a 25-year-old female in good health. Get a quote to see personal pricing.

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Term 10, 20 or 30 Insurance

Term 10, 20 or 30 years of coverage and a guaranteed benefit. Coverage starts at $50,000 except on term 20, where coverage can be $25,000 for children up to age 17. Premiums are affordable and level for the initial policy term. At the end of that period, the term 10 or 20 is renewed automatically for a similar term. The new premium stays level for the entire new term and may continue if you choose to do so, up to age 80.

Term 30 offers level premiums for 30 years. Thereafter, the policy is renewed every 10 years up to age 80.


10 Years 20 Years 30 Years
Starting at $12.83/mo* Starting at $16.43/mo* Starting at $20.25/mo*
$142.50 annually $182.50 annually $225.00 annually
$250,000 of coverage $250,000 of coverage $250,000 of coverage

Mortgage Life Insurance Solutions

Term insurance provides a flexible and cost effective way to own life insurance for a fixed period of time to cover a mortgage. Available in 10, 20 and 30 year periods, term coverages can be combined to protect the full amortization schedule of your mortgage while enabling you to save up to 10% with our Multi-Coverage Discount.

Many options are available to accommodate your changing needs:

- Re-assess your life insurance as your mortgage decreases

- Convert it to a permanent policy to cover final expenses in case of death or leave a tax-free benefit for your loved ones.

Amortization Period

Mortgage Life Insurance Solutions, 15 or 30 Years

15 Years 30 Years
Starting at $16.52/mo* Starting at $27.46/mo*
$183.50 annually $305.00 annually
Term 10: $150,000
Term 20: $100,000
Total: $250,000
Term 10: $150,000
Term 20: $150,000
Term 30: $100,000
Total: $400,000

Enhanced Term 10

Enhanced Term 10 provides comprehensive coverage through a combination of life and critical illness insurance that helps you protect your assets, your standard of living and your loved ones.

If you're diagnosed with a covered critical illness, you'll receive a lump-sum payment otherwise known as an "advance benefit".  Depending on the advance benefit amount you choose at the time of application, you can receive between 25% and 100% of the life insurance amount. If you select a percentage lower than 100%, the remaining benefit amount will be paid to your beneficiaries at the time of your death.

Enhanced Term 10

Life insurance amount: $100,000
Critical illness benefit: $50,000 (50%)
Life insurance amount: $100,000
Critical illness benefit: $100,00 (100%)
Starting at $23.50/mo Starting at $30.61

10 Year Term Life Insurance

This affordable protection covers any short-term life insurance need you may have. Coverage starts at $50,000 and you have the right to renew for additional 10-year terms up to age 80, though premiums will increase with age. The policy is convertible to a permanent policy regardless of health, subject to age limits.

10 Year Term Life Insurance

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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 a local State Farm agent.

There are limitations and conditions regarding payment of benefits due to misrepresentations on the application or when death is the result of suicide in the first two policy years.

State Farm agents do not provide tax, legal or investment advice. Please consult your tax, legal, or investment advisor regarding your specific circumstances.

Coverage is guaranteed up to age 80, provided premiums are paid as required.