When you die, death benefits from State Farm's 10 Pay Life Insurance policy can be used to provide funds for your family to help maintain their standard of living. The mortgage loan balance Your child's college tuition or other education costs. Or, you may borrow the cash values as a policy loan. Loan interest is charged, and amounts borrowed reduce the death benefit paid to the beneficiary. 10 Pay Life is also eligible for dividends.
Dividends are a return of premiums.
They are based on the interest, expenses, and mortality experience of the Company. Dividends are not guaranteed. Living benefits can provide funds to help with temporary needs or emergencies. Provide valuable life insurance protection for your lifetime. Build federal income tax-deferred policy cash values that can be used during your lifetime.