State Farm Life Insurance

State Farm Life Insurance Reviews

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About State Farm Life Insurance Reviews

    State Farm Life Insurance Reviews

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    Reviewed June 17, 2022

    I've called Mr Andy ** several times concerning this matter, and he thinks it's a joke or is trying to put this bill on my credit report. Me & Mr. Andy ** have spoken 3 or 4 times about me keep receiving this bill for $83.20. Common sense would tell you & your company, I do not want this insurance from you or State Farm because I'm not making no payments on this life insurance policy so please stop. Go find you something else to play with. Thank you. Markia L **

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    Reviewed May 15, 2021

    I would not recommend anyone to purchase Life Insurance from State Farm. There are major reasons for my assertion. First, I purchased my Universal Life Insurance Policy in 1991. Second, I was conned or tricked into Universal Life policy. The agent was skillful in semantics and was deceitful. Using words to confuse me. Some examples are: Whole Life vs Universal Life, saving account vs account value, Variable policy vs term policy, etc.

    A whole life policy is different in a Universal Policy; nevertheless, a Universal Life Insurance police in reality is a variable policy/term policy. Likewise, there is no such thing as a saving account or nest egg account. The saving account is in reality is an account in case you failed to meet the goal of the Cost of Insurance, which is based on your age. Meaning, as you get older the cost of insurance increases on your Universal Life Policy. So, if you out live your twenty year policy in the end you will be paying approximately $2,500 a year and expect to increase by to $3500 plus.

    Over the year I wrote many letters to the CEO of State Farm and I still have those letters in my possession. I have caught agents in being dishonest, providing misinformation, and being disingenuous. I have had the following policies with State Farm: two house insurance, IRA, Annuity, CDs accounts, and Universal Life. I am about to cancel my last policy with State Farm, which is my Universal Life Policy. If anyone would like to see the letters that I wrote to State Farm CEO you may address your email message to: **. You will be shocked to learn that State Farm is a long way from being your friend or neighbor. State Farm recruiting procedures may make you wonder how low the "bar" for recruiting. State Farm integrity is question to say it mildly. I have many factual information and will update occasionally on this site.

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      Reviewed Jan. 9, 2021

      I don't have this as my life insurance company, but I requested information from its website and have been INUNDATED with both snail mail and email. I cancelled the email after averaging two per day for two weeks. I still get the snail mail.

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      Reviewed Dec. 26, 2020

      State Farm is the best insurance company out there. They have great Life Insurance Policies to fit your needs. They also have Automobile Insurance, Home Owner Insurance, Renters Insurance and they can even finance your vehicle you wish to purchase. Also, their prices are the most reasonable out there.

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      Reviewed Dec. 25, 2020

      State Farm may or may not be the cheapest. However, their customer service is outstanding. They pro-actively contact me to review my insurance once a year. They always answer my questions quickly and clearly. If they don’t know immediately, they are willing to admit they don’t know and always follow-up ASAP.

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      Reviewed Dec. 4, 2020

      Rep figures out the best coverage for your needs and does not over sell. Able to add into a monthly payment plan and have many options to fit your needs. Good rates and no medical exams depending on the amount of coverage.

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      Reviewed Sept. 4, 2020

      I have to say I really like State Farm because they give me great coverage add an awesome price and they did it from the very beginning because I am a paralyzed veterans quadriplegic. I've got all kinds of good coverage and don't plan on going anywhere.

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      Reviewed Aug. 20, 2020

      I have my life insurance policy through State Farm. Most people also have life insurance through work but it's usually never enough. I know that State Farm may be more expensive than other companies but they'll always take care of me when I need them the most. Thanks State Farm.

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      Reviewed June 26, 2020

      We wanted to withdraw money from my husband’s universal life policy because we need money towards a downpayment on a house. We called to see why we owed $6500 as we saw on his online account. We now understand that In 1998 my husband opened a universal life policy for $100k. About 4 years later in 2002, he needed extra money and wanted to withdraw from his policy. Somehow he ended up with a loan instead and then borrowed $854. He was set up on a $15/month payment plan. Today, the amount owed from that loan is $6900!

      A few years back his policy was reduced from$100k to $97k. We have called to understand how this happened and we were told that back then, State Farm had hard to understand universal life policies and terms and my husband likely did not understand what he signed up for when he got the loan. It is widely accepted that not all customers—or even all insurance agents—fully understood years ago how borrowing could undermine a universal-life policy. We were told that interest is not included in the payment and he gets a yearly bill for interest. The loan itself must be paid off after years of $15/month so why is he still paying it?

      The initial $854 should have been paid off in 6 years if it was principal only! The interest “bill” that comes once a year does not look like a bill! Every year we have gotten one, we mistook it for a yearly statement because It does not have a due date, if it is not paid by a certain time there is no second notice, no one calls to say we are late- nothing. It does not look like a normal State Farm bill. Only when I called to ask about this, it was explained to us that if it’s not paid, they automatically add the interest to the outstanding loan balance every year. We had no idea about this! No one has asked us if this is what we wanted, State Farm takes the liberty to do this as a “courtesy”.

      Had we known or understood that we were supposed to pay this interest bill, or if it looked like a normal bill- we would have arranged to pay it every year. And why is the interest not just included in the monthly payment we make? Why is he still being charged $15 a month for $854 that should have been paid off? Why has none of this been explained to us? Why would our agent of 18 years allow a $854 loan to turn into $6900 over the years and not help us understand what was happening? Why not suggest a higher payment or make us aware that interest wasn’t being paid and the amount is getting so high that $15/month will never pay it off?

      We have 5 policies with State Farm and they call and send a notice if anything goes wrong and our monthly payment doesn’t go through. They make sure to do this so that our past due amount doesn’t get out of control and so our policies don’t lapse. Why hasn’t anyone done the same for this high interest that has accrued? They admit that we likely didn’t understand and the once a year interest statement should be worded differently to help customers understand. Also, why was the initial amount of the death benefit reduced by almost $3000? Was that supposed to pay down the interest? It is so confusing!

      We called headquarters on 6/24 and they were rude and offer no solution. State Farm is supposed to be like a “good neighbor” and be there for their customers as they claim. We have been loyal customers since 1998 and yet received no help or understanding. I want State Farm to refund and reverse this outrageous $6900 interest. We will never be able to pay this off. I also want them to change their statements and paperwork to be easier to understand and clear to their customers. I want them to add a due date to yearly interest bills and make it look like an actual bill. I want them to send a notice BEFORE taking the liberty to keep adding interest every year and advise their customers on what will happen if only the minimum payment is paid on a loan.

      At this point we will NEVER be able to pay it back. Eventually, after all of these years, my husbands policy will lapse because of this high interest. It is not fair and it is apparent that their practices are designed to get customers to sign up for the appeal of being able to withdraw or get a loan when needed- use complicated paperwork and language and allow customers to pay only $15 so that interest will build up and they can collect a lot of money. Please do the right thing and be a good neighbor, be there for us like you say! Waive this outrageous interest! There is not enough money for us to withdraw from our policy because of this confusing and outrageous interest! We have been good customers for years- please be good to us in return.

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      Reviewed Dec. 12, 2019

      What was clearly represented as an annuity attached to a death benefit that was supposed to be guaranteed at 4.5%, turned out to be a savings plan attached to a death benefit. After 26 years of timely payments, The value of my policy is only worth the premiums and reinvested dividends I contributed. These products are still sold today. Truthfully, yields 0% after 26 years. Seems to be an issue with the word "guaranteed" and the term "total cash available". Sold as a great investment to begin for our children and grandchildren. CLEARLY, that is not the case. A death benefit policy only. Keep your money.

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        State Farm Life Insurance author review by Neal Frankle

        State Farm Life Insurance is a Fortune 500 company that specializes in a variety of insurance solutions, including term, whole and universal life insurance. Its flexible policy options allow its customers to obtain a customized life insurance policy that meets their needs and fits their budgets.

        • Diverse policy riders: State Farm offers many diverse policy riders, such as accidental death benefits and long-term care benefits, that can be added to any policy to create a customized plan.

        • Learning center: The State Farm Learning Center provides valuable information about all types of life insurance options to help customers make informed decisions about their policies.

        • Numerous policy options: Additional policy options are available to State Farm customers, including term conversion options and survivorship options.

        • Flexible payment schedule: Customers have the option of making monthly payments toward their policy, or they can pay on an annual or semi-annual basis.

        • Local agents: State Farm has more than 18,000 agents strategically located around the country to provide customer-friendly services at a convenient location.

        by Neal Frankle Life Insurance Advisor

        Neal Frankle is a Certified Financial Planner in Los Angeles. He is the publisher of, an information resource for consumers. He has been a professional financial advisor since 1991 and is the editor of

        State Farm Life Insurance Company Information

        Company Name:
        State Farm Life Insurance
        Year Founded:
        One State Farm Plaza
        Postal Code:
        United States