SBLI vs State Farm Life Insurance

  • YEAR FOUNDED
    1907
  • CURRENT CEO
    Michael Akker
  • AVAILABLE
    49 States
  • ADDRESS
    1 Linscott Road Woburn, MA 01801
  • TOP AWARDS

    Celent Model Insurer Award for 2017

  • PROS
    • Solid customer support
    • Competitive underwriting
    • Mutual life insurance company
  • CONS
    • Not available nationwide.
    • Credit card payments are not accepted after initial payment.
    • No online updates.
  • 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
SOURCESBLIState Farm
JD PowerN/A5/5
BBBA+A-
AM BestA+A++
Moody'sN/AAa1
FitchN/AN/A
Standard & PoorA-AA
Comdex Score8498
SOURCESBLIState Farm
Total Assets$3 billion$160.732 billion
Life Insurance in Force$170 billion$901.7 billion
SBLIState 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
SBLIState Farm
SBLI Term Life InsuranceSelect Term 10, 20, 30
SBLI Whole Life Insurance (Continuous Payment Whole Life, Limited Payment Whole Life, Single Premium Payment Whole Life)Return of Premium 20, 30
SmartTerm 360Mortgage Life 15, 30
Whole Life
Limited Pay 10, 15, 20
Single Premium Life
Universal Life
Survivorship Universal Life
Joint Universal Life
SBLIState Farm
Accelerated death benefitN/A
Children’s level term
Waiver of premium
Accidental 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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