State Farm review

State Farm suits families who would rather buy cover from an agent they can meet. Its Select Term Life comes in 10, 20 or 30 year terms with a guaranteed benefit, and it can be kept after the initial term at an increased cost up to age 95. State Farm publishes sample rates for $250,000 of cover: $15.02 a month for 10 years, $15.22 for 20 years and $19.14 for 30 years, all for a 25-year-old woman in excellent health in Illinois. The small gap between the 10 and 30 year samples makes the longer term worth pricing for parents of young children. Return of Premium Term, sold in 20 and 30 year terms, pays your premiums back if the death benefit is not paid within the term. For small needs, Instant Answers offers $50,000 of term cover up to age 50 or for 10 years, whichever is longer, with in-office approval in minutes and no medical tests. The limits are the three term lengths and the single sample profile.

Who it is for

families who want a local agent

Price

Sample from $15.02 a month for $250,000 over 10 years (25-year-old woman in excellent health, Illinois).

Starting at $15.02/mo
Quoted from the vendor pricing page on November 13, 2026.

Key features

• Select Term Life in 10, 20 or 30 year terms, renewable to age 95
• Return of Premium Term returns premiums if you outlive a 20 or 30 year term
• Instant Answers: $50,000 of term cover with in-office approval in minutes
• No physical or medical tests for Instant Answers
• Published sample rates for each Select Term length

Strengths and weaknesses

• Strength: Publishes sample monthly rates: $15.02 (10 years), $15.22 (20 years) and $19.14 (30 years)
• Strength: Return of Premium option refunds premiums if no claim is paid in the term
• Strength: Cover can continue after the term at an increased cost up to age 95
• Weakness: Sample rates are for a 25-year-old woman in excellent health in Illinois
• Weakness: Instant Answers is capped at $50,000
• Weakness: Select Term offers only three term lengths

Key facts

• Select Term lengths: 10, 20 or 30 years
• Renewable to: Age 95
• Instant Answers cover: $50,000
• Sample price: $15.02 a month (10 years)

Where it ranks

State Farm is No. 4 in our Best Life Insurance Companies verdict.