BLOOMINGTON, IL -- (Marketwire) -- 11/21/08 -- Young families get the need for lifeinsurance, but in today's economy it's not easy to decide how to preparefor 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 calledthe 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 policythat 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 moneyback if the insured is still living. We're serious. Go ahead and readthat again.
"State Farm realizes young families want a product that fits easily intotheir financial plan," said Susan Waring, Executive Vice President, ChiefAdministrative Officer -- Life and Vice President Health. "A Return ofPremium policy offers families life insurance protection with the addedbenefit of returned premiums for things like college or retirement, if theyoutlive the policy."
Both the Return of Premium Term 20 and Return of Premium Term 30 policiesprovide a guaranteed, level death benefit with a guaranteed, level premiumfor 20 and 30 years respectively.
"This return of premium policy is a great idea, especially for the consumerwho needs a disciplined way to help meet future financial goals, suchas helping with the costs of sending children to college, paying down thebalance of an existing mortgage at the end of 20 years, or even as part ofa comprehensive retirement plan," said Julie Stav, financial expert and NewYork 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 theU.S., is the leading insurer of watercraft and is also a leading insurerin Canada. State Farm's 17,000 agents and 68,000 employees serve more than78 million auto, fire, life and health policies in the United States andCanada, and more than 1.9 million bank accounts. State Farm MutualAutomobile Insurance Company is the parent of the State Farm family ofcompanies. State Farm is ranked No. 32 on the Fortune 500 list of largestcompanies. For more information, please visit statefarm.com® or in Canadastatefarm.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
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Contact Name:
Carol Carey-Odekirk
Corporate Headquarters
One State Farm Plaza
Bloomington, IL 61710
Phone: (309) 766-6781
Fax: (309) 766-7861
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