This type of insurance policy allows the policyholder options such as choosing higher death benefits without higher premiums based on the policyholder's cash value rate of return and the economic situation at the time.
Disability coverage from State Farm provides a source of income when a policyholder is temporarily or permanently unable to work.
A policyholder who is involved in an accident will not be hit with higher rates following the incident, even if he or she was at fault.
The customer receives a $100 discount off the cost of his or her collision deductible when the policy is issued and a further $100 is taken off the deductible each year that the policyholder remains accident-free, up to a maximum of $500.
Buyers can choose between a plan that offers relatively low ratesfor a set number of years or one that includes a savings component that can be used by the policyholder in his or her lifetime.