Chelsey Tucker graduated with a Bachelor of History degree from Metropolitan State University in 2019. She now writes about insurance with her specialty being life insurance and has been quoted on Help Smart Phone and MEL Magazine.

Full Bio →

Written by

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

Full Bio →

Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Jan 11, 2022

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

The Lowdown

  • State Farm has superior financial strength ratings from virtually all major life insurance rating organizations
  • State farm’s customer service ratings and reviews suggest that the company prioritizes customer satisfaction
  • You’ll find an assortment of life insurance policy options for different needs with State Farm life insurance

If you are looking for a new life insurance policy State Farm life insurance could be a great option. State Farm is a well-known life insurance provider with numerous policy options and a great reputation.

Even a popular life insurance company like State Farm might not be the best available option. We’ll help you decide by breaking down the State Farm life insurance ratings, reviews, policy options, and more.

Ready to learn more about State Farm life insurance? Keep scrolling to learn more or enter your zip code to get free quotes from the top life insurance companies in your area.

Is State Farm life insurance any good?

State Farm life insurance is one of the most well-known brands in the life insurance industry. According to the Insurance Information Institute, State Farm is not a leader in the life insurance industry despite being a top company for property, homeowners, and auto insurance.

Not only does State Farm offer life insurance, they also offer a variety of other insurance products such as homeowners, renters, auto, and more.

Founded in 1922, State Farm has a longstanding history of excellence in the insurance industry overall. It’s always encouraging to see an insurance company that offers multiple types of insurance because they have multiple lines of revenue. Even so, it’s important to get a third-party perspective on any insurance company’s financial stability and customer service ratings.

Compare Insurance Providers Rates to Save Up to 75%

 Secured with SHA-256 Encryption

Does State Farm life insurance have good ratings?

There are multiple third-party organizations like A.M. Best that provide ratings for insurance companies like State Farm to help consumers determine whether or not a company is truly reliable.

State Farm’s life insurance ratings are listed below:

  • A.M. Best: A++
  • Fitch: A+
  • J.D. Power: 822
  • BBB: Not Rated
  • NAIC Complaint Index: 1.46

According to A.M. Best, State Farm has superior financial strength as the organization awarded State Farm its highest possible rating of A++. In support of State Farms A.M. Best rating, State Farm was rated as superior by Fitch. Yet again, State Farm recorded the highest possible rating for financial strength by Fitch.

What is unclear is why State Farm’s Fitch rating was withdrawn. Standard and Poor (S&P) continued to reinforce State Farm’s financial strength ratings with another A+ for the insurance company.

Overall, it’s clear that State Farm has excellent financial stability, likely due to a diversified line of insurance products. It’s also important to analyze the company’s customer service ratings and reviews.

J.D. Power rates State Farm consistently as one of, if not the, best life insurance companies for customer satisfaction. The Better Business Bureau hasn’t rated State Farm, which is surprising.

The Better Business bureaus ratings for State Farm are limited to customer complaints, which are plentiful for State Farm. This could be largely in part to the company’s volume of insurance policyholders cumulatively.

State Farm’s NAIC Complaint Index is reasonable. With an index score of 1.46, State Farm allegedly has slightly more complaints than the industry average. Considering the multitude of insurance products sold by State Farm, their score is relatively normal.

Overall, State Farm has strong ratings for both financial strength and customer satisfaction. Based on this information alone, you should feel comfortable investing in a State Farm life insurance policy.

Which State Farm life insurance policy is best?

Now that you know you can rely on state farm’s life insurance policies, you’ll need to know which policy to choose. There are multiple factors to consider when shopping for a life insurance policy.

For starters, State Farm offers three primary forms of life insurance. These policy options include term life insurance, whole life insurance, and universal life insurance.

The policy that you’ll want to choose should meet your budget, offer an applicable death benefit, and in special circumstances, build cash value.

Free Insurance Providers Comparison

Compare Insurance Providers Rates to Save Up to 75%

 Secured with SHA-256 Encryption

In short, a term life insurance policy is typically the most affordable life insurance option. Contrarily, whole life insurance and universal life insurance policies tend to be more expensive on a monthly basis.

Whole life insurance and universal life insurance tend to be more expensive because they offer a cash value component that is not offered with term life insurance. State Farm also offers variable universal life insurance. Variable universal life insurance offers added flexibility and customization-related features that accrue cash value for policyholders.

The way you build cash value often depends on your level of experience with investments such as stocks or bonds. With life insurance policies, the insurance company chooses those options. The insurance company typically has safe investments with a guaranteed return but those returns might not have the same potential as those offered in a universal life insurance policy.

Most people tend to choose term life insurance due to its affordability. With State Farm, you’ll be able to purchase term life insurance with 10, 20, or 30 years.

Additionally, State Farm offers return of premium life insurance which allows policyholders to be refunded for a life insurance policy if they outlive the policy. If you are in a hurry to get a life insurance policy or if you have extenuating medical issues, you might want to consider State Farm’s instant answer term life insurance policy. This is state farms no exam policy option which is easier to get but is typically more expensive.

Your State Farm life insurance quotes will vary drastically between a final expense, term, or whole life insurance policy. Then again, the policy option that you choose should depend on the factors listed above. Your age, income, and other factors such as budget should be the key determinants when choosing a life insurance policy.

More about State Farm life insurance

State Farm life insurance has a lot to offer given the excellent company ratings and ample policy options. Before you commit to a policy, you’ll still want to know that you and your beneficiaries will have a user-friendly experience with your policy.

Basically, this means that, as a policyholder, you’ll want to be sure that your policy is accessible and easy to navigate. With State Farm, you’ll be able to view and access your policy through the company’s mobile app or online.

Using your State Farm life insurance login information, you should have no trouble updating your address, beneficiaries, or making other changes to your policy.

You can also submit your State Farm life insurance payments online or via the mobile app which is a feature that many life insurance companies don’t offer at this point. Your beneficiaries will need to understand how to go through the claims process. With State Farm, you can file a claim by contacting your agent or calling the life insurance claims phone number.

Once you get the necessary forms and complete them, you will mail them to the State Farm life insurance address listed on the company’s website. You can call the State Farm life insurance phone number for further help.

Unfortunately, State Farm has yet to integrate online claims submissions for beneficiaries. This can be somewhat troublesome when looking to track and manage claims for your beneficiaries.

In short, if you were given two equal rates from two companies and the other life insurance company offered online claims submissions, that might be the preferable option for your beneficiaries. Overall, when considering State Farm’s website and mobile app in conjunction with the company’s excellent ratings, you still shouldn’t expect many setbacks with your policy or the claims process.

Compare Insurance Providers Rates to Save Up to 75%

 Secured with SHA-256 Encryption

State Farm Life Insurance: The Bottom Line

State Farm is a reputable life insurance company for good reason. If you aren’t sure what policy is best for you a State Farm agent should be able to point you in the right direction towards a reliable life insurance policy.

We hope you enjoyed this State Farm life insurance review. Don’t forget, to get the best rates on life insurance, you’ll want quotes from multiple life insurance companies. Get started with free quotes today by entering your zip code below.