AARP vs State Farm Life Insurance

  • YEAR FOUNDED
    1958
  • CURRENT CEO
    Jo Ann Jenkins
  • AVAILABLE
    48 States
  • ADDRESS
    5505 W. Cypress Street Tampa, FL 33607
  • TOP AWARDS

    2018 Top Workplaces Award From Washington Post

  • PROS
    • Benefits Won’t Decrease
    • Guaranteed Rates Will Never Increase
    • No Waiting Period
  • CONS
    • Expensive Premiums
    • Low Death Benefit Amounts
    • Membership Fee
  • YEAR FOUNDED
    1922
  • CURRENT CEO
    Michael L. Tipsord
  • AVAILABLE
    48 States
  • ADDRESS
    East P.O. Box 588002 North Metro, GA 30029
  • TOP AWARDS

    N/A

  • PROS
    • Great Term Life Insurance
    • Top rated customer service
  • CONS
    • Term lengths
    • Higher premiums than other companies
SOURCEAARPState Farm
JD PowerN/A5/5
BBBN/AA-
AM BestA++A++
Moody'sAaaAa1
FitchAAAN/A
Standard & PoorAA+AA
Comdex ScoreN/A98
SOURCEAARPState Farm
Total Assets$4.3 billion $160.732 billion
Life Insurance in ForceN/A$901.7 billion
AARPState Farm
Term Life InsuranceSelect Term 10, 20, 30
Whole Life InsuranceReturn of Premium 20, 30
Mortgage Life 15, 30
Whole Life
Limited Pay 10, 15, 20
Single Premium Life
Universal Life
Survivorship Universal Life
Joint Universal Life
AARPState Farm
Term Life InsuranceSelect Term 10, 20, 30
Permanent Life InsuranceReturn of Premium 20, 30
Mortgage Life 15, 30
Whole Life
Limited Pay 10, 15, 20
Single Premium Life
Universal Life
Survivorship Universal Life
Joint Universal Life
AARPState Farm
Waiver of PremiumN/A
Accelerated Death Benefit
Jonathan Holloway
October 13, 2019
John Holloway is a licensed life insurance agent and co-founder at NoExam.com
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