State Farm Life Insurance Company, Illinois (IL): Overview, Contact Information, Coverage, Customer Satisfaction And Complaints

State Farm Life Insurance Company was established in 1922 as an auto insurance provider.

The company has evolved into a mutual company with a substantial impact, currently overseeing 85 million policies and accounts.

It encompasses a diverse array of products, including life insurance, home and renters insurance, auto and specialty vehicle insurance, as well as health, liability, and disability insurance.

State Farm has expanded its services through a collaboration with Trupanion, offering pet insurance.

Beyond insurance, the company actively extends its financial services to include home and vehicle loans.

State Farm Life Insurance Company
State Farm Life Insurance Company: Photo(Pinterest)

They also cover checking and savings accounts, credit cards, and a comprehensive range of investment options.

With its headquarters situated in Bloomington, Illinois, State Farm continues to play a prominent role in the insurance and financial services industry.

State Farm Life Insurance Company Contact Information

For other services and assistance:

  • Emergency Road Service (24/7): Call 877-627-5757.
  • Pay Insurance (24/7): Call 800-440-0998.

To reach State Farm by mail:

State Farm Insurance Companies Insurance Support Center – East P.O. Box 588002 North Metro, GA 30029

For additional support, file a claim, track a claim, or learn more about roadside service, visit State Farm’s official website.

State Farm Life Insurance Company Coverage Options

State Farm offers a variety of life insurance policies, including term life, whole life, and universal life coverage.

Policy availability and details may vary by state.

Term Life Insurance:

Select Term Life: Policies are available in 10-, 20-, or 30-year terms, renewable up to age 95. Coverage starts at $100,000.

Instant Answer Term Life: Offers $50,000 coverage for individuals aged 16 to 45, lasting until age 50 or 10 years after issuance.

No medical exam is required, but a health questionnaire must be completed.

Also Read: Valley Forge Insurance Company, Pennsylvania (PA) : Contacts, Coverage, Claims, Ratings And Reviews

Return of Premium Term Life: Coverage begins at $100,000 for 20- or 30-year terms.

If you outlive the term and don’t renew, premiums are returned.

Whole Life Insurance:

Policies include standard whole life, limited-pay whole life, single-premium whole life, and final expense options.

Standard whole life has level premiums, while limited-pay and single-premium policies allow front-loading costs.

Final expense policies are available for applicants aged 50 to 80.

State Farm Life Insurance Company
State Farm Life Insurance Company: Photo(Watkins Glen)

Universal Life Insurance:

Options include survivorship and joint universal policies for two individuals, typically spouses.

The standard universal life policy provides flexible coverage and payment options.

State Farm Life Insurance Rates (Sample): Monthly rates for a 20-year, $500,000 term life insurance policy vary by age and gender.

Rates reflect the super preferred class for nonsmokers in excellent health.

Age Monthly Rate (Man) Monthly Rate (Woman)
20 $26.09 $20.44
30 $28.29 $22.19
40 $40.04 $33.49
50 $90.94 $67.44
60 $259.24 $173.99

 

State Farm Life Insurance Company Contact Information Riders

State Farm provides a variety of riders for both its term and permanent life insurance policies, encompassing options such as:

  1. Children’s Term Life Insurance Benefit
  2. Waiver of Premium Benefit
  3. Level Term Life Insurance
  4. Four Year Level Term Join and Last to Die Survivorship Life Insurance
  5. Waiver of Monthly Deduction Benefit
  6. Guaranteed Insurability Option Benefit
  7. Level Term to Age 95 Life Insurance Benefit
  8. Additional Insured’s Level Term to Age 95 Life Insurance Benefit
  9. Payor Insurance Benefit
  10. Accelerated Death Benefit for Long-Term Care

Please note that the availability of these riders varies by state, and not all riders are accessible in every state.

Also Read: Westfield Champion Insurance Company: A Trusted Partner for Your Insurance Needs

Customer Satisfaction And Complaints

Other insurance products from State Farm include:

Contact a local State Farm agent or obtain certain term product quotes online for more information.

The online portal allows policy management, premium payments, and viewing lab results.

Note that document downloads for Android smartphones are not supported.

Conclusion

State Farm provides a robust selection of life insurance policies, offering a diverse range of coverages.

While online quotes and policy applications are not available, the extensive network of over 19,000 agents nationwide increases the likelihood of finding a local representative.

However, older applicants may encounter limitations in accessing certain policies.

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