SOURCE: State Farm Insurance

November 21, 2008 10:55 ET

Thought You'd Never Live Long Enough to Get Your Money Back? Think Again

New State Farm Return of Premium Life Insurance Policy Refunds Your Money

BLOOMINGTON, IL--(Marketwire - November 21, 2008) - Young families get the need for life insurance, but in today's economy it's not easy to decide how to prepare for one's future. People need security -- but they also want flexibility.

State Farm gets it, too. And we've come up with an answer. It's called the Return of Premium life insurance policy. And it lives up to its name.

The Return of Premium policy is a 20- or 30-year term life insurance policy that protects your family in the way you've come to expect from State Farm. But here's the difference -- at the end of the term you get all your money back if the insured is still living. We're serious. Go ahead and read that again.

"State Farm realizes young families want a product that fits easily into their financial plan," said Susan Waring, Executive Vice President, Chief Administrative Officer -- Life and Vice President Health. "A Return of Premium policy offers families life insurance protection with the added benefit of returned premiums for things like college or retirement, if they outlive the policy."

Both the Return of Premium Term 20 and Return of Premium Term 30 policies provide a guaranteed, level death benefit with a guaranteed, level premium for 20 and 30 years respectively.

"This return of premium policy is a great idea, especially for the consumer who needs a disciplined way to help meet future financial goals, such as helping with the costs of sending children to college, paying down the balance of an existing mortgage at the end of 20 years, or even as part of a comprehensive retirement plan," said Julie Stav, financial expert and New York Times best-selling author.

The Return of Premium policy -- get it now from your State Farm agent.

About State Farm

State Farm® insures more cars and homes than any other insurer in the U.S., is the leading insurer of watercraft and is also a leading insurer in Canada. State Farm's 17,000 agents and 68,000 employees serve more than 78 million auto, fire, life and health policies in the United States and Canada, and more than 1.9 million bank accounts. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 32 on the Fortune 500 list of largest companies. For more information, please visit statefarm.com® or in Canada statefarm.ca®.

State Farm Life Insurance Company (Not licensed in Mass., N.Y. or Wis.);

State Farm Life and Accident Assurance Company (Licensed in N.Y. and Wis.);

Home Office, Bloomington, Ill.

State Farm International Life Insurance Company Ltd. Aurora, Ontario

Contact Information

  • Contact Name:
    Carol Carey-Odekirk
    Corporate Headquarters
    One State Farm Plaza
    Bloomington, IL 61710

    Phone: (309) 766-6781
    Fax: (309) 766-7861
    Email: Email Contact