State Farm

time icon 5 min read update icon Sept. 20, 2019
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State Farm is a life insurance provider which operates in all fifty states. The company offers an array of burial and life insurance options.

State Farm is the nation’s eighth-largest life insurance company. It is a well-known brand name with a generous selection of life insurance products, including burial insurance. The National Funeral Directors Association reports that the average cost of funeral and burial services now exceeds $8,000, and the average cost for cremation now exceeds $6,000. State Farm’s burial insurance offers coverage that can be tailored to fit your needs. This coverage serves to relieve loved ones of additional stresses by providing solid financial protection to cover any final expenses.

Grandfolk Scoring
Waiting period 8/10
Customer service 8/10
Medical exam 5/10
Maximum coverage 10/10
Coverage age limit 8/10
Living benefits 1/10
Exclusions 10/10
Rate increases 10/10
Cost 8/10
Ease of enrollment 7/10
Coverage 7/10
Waiting period
Does coverage have a waiting period?
As soon as the policy is approved, if you qualify
Customer service
Availability of and ease of access to customer service?
Agents are available 8 AM-8 PM EST Mon-Fri.
Medical exam
Medical exam required to obtain coverage?
Maximum coverage
What is the maximum coverage available for burial insurance?
State Farm offers a fixed amount of $10,000 in coverage.
Coverage age limit
Who is eligible for burial insurance coverage?
You are eligible if you are between the ages of 50-80 (50-70 in New York).
Living benefits
Are chronic and terminal illness benefits included with burial insurance?
What isn’t covered?
Suicide, if it occurs during the first two years of the policy.
Rate increases
Will the rates increase each year?
No, premiums remain level throughout the life of the policy term.
Monthly premium
Varies based on age and other factors
Ease of enrollment
Ways you can enroll
Through a local agent
What services are covered?
Burial insurance
Age Score:
50-64 Years
65-74 Years
75-84 Years

The younger and healthier you are, the simpler the process for choosing an insurance plan. With so many burial insurance options on the market, choosing the right option can be a complex process. Fortunately, State Farm has a solid reputation for providing high quality customer service. The company has more than 18,000 agents positioned throughout the United States, ready and available to assist you with choosing a plan tailored to your specific needs. State Farm Agents are accessible to provide advice, quotes and guidance either online, by phone or in person at a local office. The customer service these agents provide is often rated as exceptional on all levels.

Health Score:
Poor Health
Fair Health
Good Health
Great Health

State Farm Insurance takes a very conservative view when underwriting its policies. This can be somewhat discouraging, especially if you have an advancing health condition. State Farm’s underwriting guidelines are somewhat restrictive, particularly if you have pre-existing conditions such as multiple sclerosis, hepatitis C or Crohn’s disease. Compared to other companies, State Farm’s requirements have been described as unrealistic.

For example, to qualify for Preferred Best Rates with State Farm, your cholesterol reading must be under 175. Most other companies will grant Preferred Best Rates if your cholesterol reading is less than 300. Also, most medical professionals would describe an adult blood pressure reading of 120/80 as excellent. However, State Farm requires a reading of 115/70 to qualify for the lowest rates. Simply put, you may need to be somewhat of an ideal physical specimen to qualify for Preferred Best Rates with State Farm. Furthermore, if you have a family history of serious health issues, or a poor driving record, these could also move you into a lower rate class, or possibly lead to claim denial.


  • State Farm has over 18,000 agents available to help you choose a plan tailored to your needs.
  • State Farm offers around-the-clock telephone support for both claims and payment services (automated support is offered after customer service hours).
  • State Farm offers flexible terms to pay. You have the option to pay online or by phone. You can pay the full premium in advance, or spread it out over two, four or 12 installments. Payments can also be made at a local State Farm office. 
  • The online State Farm Learning Center offers a large selection of educational articles that focus on important questions you may have when considering policy options. 
  • Premiums will never increase and coverage will never decrease for the life of the policy. 


  • State Farm’s rates are not as competitive as other insurance companies. 
  • State Farm may decline applicants who have minor health issues. 
  • State Farm assesses a daily mortality and expense risk charge that amounts to an annual rate of 0.8% for each policy.
  • In most cases, early cancellation of the policy induces surrender charges, which amount to 9% on the cash value of your account for cancellation in the first year, falling 1% each year thereafter.

Bottom Line:

State Farm offers a basic burial insurance option with a maximum coverage amount of $10,000. While its premiums are more expensive than other companies in many cases, you can get customized and personal service through a local agent. State Farm is a great life insurance company if ‘exceptional customer service’ is on your list of must-haves.  

State Farm has been rated as a top performer by the following agencies: A.M. Best, Standard & Poor’s, and Moody’s. 
Simply put, State Farm is a very reputable and stable company that offers basic burial insurance with a low coverage amount of $10,000. When compared to other companies, this low benefit amount is below average. While their premiums may be more expensive than other companies and their underwriting guidelines are somewhat stricter, if you desire basic coverage and exceptional customer service, you may find that State Farm meets your needs.

Frequently Asked Questions:

Does your term coverage include an ‘accelerated death benefit?’

How do I get started?
To get started, you can go online to receive an online quote. You will then be directed to a local agent to complete the application process. 

What if I apply and change my mind later?
For a limited time after State Farm issues a policy, you have the right to cancel your policy and receive a full refund of all premiums paid. 

More Information:

Product Details


Package Details: 

Optional Accessories or Add-on Services: N/A


Additional Company Details


Contract Details: N/A

Warranty: N/A 

Accreditations: State Farm Insurance does not have an accredited business profile or rating with the Better Business Bureau.

Company Details:  State Farm was founded in 1922 by George J. Mecherle, a retired farmer.  The company initially specialized in auto insurance converge for farmers. Later, State Farm extended its services to other types of insurance, including life insurance. In 2013, State Farm ranked 44th in the Fortune 500. In 2016, its combined net worth was reported at $87.6 billion. 


State Farm Insurance
One State Farm Plaza
Bloomington, IL 61710
Phone: 800-782-8332


T. Mashae Pearson - Senior Advisor

Shae is senior researcher with Grandfolk® providing in-depth product and service reviews to empower senior buying decisions.