State Farm review

State Farm suits families who would rather sit down with an agent and want flexibility later. Its Select Term policy comes in 10, 20 or 30 year terms with a level premium for the initial term, and you can keep it in force afterwards at increasing cost up to age 95. State Farm publishes sample rates for a 25-year-old woman in excellent health in Illinois buying $250,000: $15.02 a month for 10 years, $15.22 for 20 years and $19.14 for 30 years. A Return of Premium version refunds what you paid if you outlive a 20 or 30 year term. For speed, Instant Answer Term offers $50,000 of coverage with an in-office decision in minutes and no medical tests, though that amount is small for most families. State Farm also lets you convert any of its term coverage to permanent insurance regardless of your health. Online quotes are available for Select Term, but most buying runs through local agents. We compared documented features and published prices.

Who it is for

Families who want a local agent and the option to convert to permanent coverage regardless of health.

Price

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

10 years Starting at $15.02/mo
Quoted from the vendor pricing page on November 9, 2026.

Key features

• Select Term with 10, 20 or 30 year terms, renewable to age 95
• Return of Premium Term refunds premiums if you outlive a 20 or 30 year term
• Instant Answer Term: $50,000 with same-day, in-office approval and no medical tests
• Convert any State Farm term coverage to permanent coverage regardless of health
• Online Select Term quotes plus a nationwide agent network

Strengths and weaknesses

• Strength: Published sample rates for 10, 20 and 30 year terms
• Strength: Conversion to permanent cover without regard to health
• Strength: Same-day approval option through Instant Answer Term
• Weakness: Instant Answer Term is capped at $50,000
• Weakness: Most policies are bought through an agent
• Weakness: Not licensed in Massachusetts

Key facts

• Sample price: $15.02 a month, $250,000, 10 years
• Term lengths: 10, 20 or 30 years
• Renewable to: Age 95
• Fast option: Instant Answer Term, $50,000
• Conversion: To permanent, regardless of health

Where it ranks

State Farm is No. 6 in our Best Term Life Insurance verdict.