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Allstate vs State Farm Life Insurance

Allstate and State Farm are two solid life insurance companies. Rest assured you can't make a bad choice if you have narrowed it down to Allstate and State Farm. See our side by side comparison below to see how these two companies stack up. We have included financial ratings, current leadership, assets, and premium in force for both Allstate and State Farm.
  • YEAR FOUNDED
    1931
  • CURRENT CEO
    Tom Wilson
  • AVAILABLE
    43 States
  • ADDRESS
    "Allstate Insurance Company P.O. Box 660598 Dallas, TX 75266-0598"
  • TOP AWARDS

    N/A

  • PROS
    • Nationwide network of agents
    • Great website
    • Option for no exam
  • CONS
    • Claims process.
    • No app for easily managing your policy.
    • High premiums.
  • 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

Compare Other Options

1st place trophy
1st

Health IQ is a unique life insurance brokerage that gets you special rates if you live an active lifestyle. If you exercise a few times per week, you can qualify for lower rates. Click below to get an accurate quote.

2nd place trophy
2nd

AIG, also know as American International Group, has been in business since 1919. AIG's strong financial rating, product selection and competitive pricing earns it the #2 spot.

3rd place trophy
3rd

Banner is a subsidiary of Legal & General, and have been in business since 1836. They hold an A+ financial rating and have some of the most competitive rates. This earns them the #3 spot.

SOURCE Allstate State Farm
JD Power N/A 5/5
BBB N/A A-
AM Best A+ A++
Moody's A1 Aa1
Fitch N/A N/A
Standard & Poor A+ AA
Comdex Score 86 98
SOURCE Allstate State Farm
Total Assets $104.7 billion $160.732 billion
Life Insurance in Force N/A $901.7 billion
Allstate State Farm
Whole Life InsuranceSelect Term 10, 20, 30
Universal life insuranceReturn of Premium 20, 30
Variable universal life insuranceMortgage Life 15, 30
Indexed universal life insuranceWhole Life
Term life insuranceLimited Pay 10, 15, 20
Single Premium Life
Universal Life
Survivorship Universal Life
Joint Universal Life
Allstate State Farm
Bridge ULSelect Term 10, 20, 30
Lifetime ULReturn of Premium 20, 30
Future Builder ULMortgage Life 15, 30
Future Growth IULWhole Life
FutureVest VULLimited Pay 10, 15, 20
Whole Life TributeSingle Premium Life
Whole Life AdvantageUniversal Life
Basic Term LifeSurvivorship Universal Life
TrueFit Term LifeJoint Universal Life
Allstate State Farm
Accelerated death benefit. N/A
Accidental death benefit.
Children term insurance.
Waiver of premium.
Overloan protection.
Estate liquidity.
Additional insured.
Liquidity guarantee.
Jonathan Holloway
January 1, 1970
Jonathan is a licensed life insurance agent at NoExam.com that writes about insurance, personal finance, lifestyle, and sports. See our pages on term life insurance, life insurance rates and life insurance companies for more.
Disclaimer: We make every attempt to make sure our information is up to date, but since things change often it is best to double check the data. This review is an opinion. Clicking on links may result in NoExam.com being compensated.