Term Life Insurance Get a Quote. Term life insurance is the most straightforward form of protection. State Farm Life Insurance Company and State Farm Life and Accident Assurance Company Licensed in NY and WI offer a variety of affordable term life insurance products to fit .If the life insureds during the term, the benefit will be paid to the beneficiary. Term insurance is typically the least expensive way to purchase a substantial benefit on a coverage amount per premium dollar basis over a specific period of time..Term is a type of life insurance that provides a potential benefit for a fixed period or “term.”.
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Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term..
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