Best for Customer Satisfaction and Stability
If you’re looking for a life insurance policy with a substantial death benefit to provide long-lasting financial support to your family, you’ll want to be confident the company you choose will be able to honor its future claims. Whether you’re looking for term or permanent life insurance, State Farm could be a good fit for you.
State Farm offers multiple life insurance policies, and it was top ranked for customer satisfaction by J.D. Power. Despite being one of the largest writers of individual life insurance, it has received a surprisingly small number of complaints from customers. Together, these distinctions make the company our choice for the best life insurance company for customer service and stability.
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State Farm Life Insurance Pros and Cons
Pros
- Sells a wide selection of term, whole and universal life policies
- Top ratings from third-party agencies
- High coverage amounts available
- Multiple optional riders
Cons
- Age restrictions apply to some policies
- Must work with an agent
- Not available in Massachusetts
Pros explained
Sells a wide selection of term, whole and universal life policies
While some companies only sell one type of life insurance, State Farm sells 10 different life insurance plans. You can choose a term, whole or universal life policy, and customize your plan to meet your needs.
Top ratings from third-party agencies
State Farm has an outstanding reputation within the insurance industry. It has an A++ (Superior) rating for financial stability from AM Best — the highest possible rating — and it was the top-ranked company in the J.D. Power U.S. Individual Life Insurance Study, beating out 20 other life insurers.
High coverage amounts available
Although some insurers limit policy death benefits, sometimes to $1 million or less, State Farm has no such restrictions. Depending on the plan you choose, you could purchase $10 million of coverage or even more. That makes the insurer a good fit for high-income individuals who want to give their beneficiaries a substantial windfall or to leave a lasting legacy.
Multiple optional riders
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