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It’s a type of life insurance that guarantees payout regardless of a policyholder’s death. State farm whole life insurance policies offer level premiums and life insurance protection for as long as you live, provided that premiums are paid as required to. 10 pay and 20 pay whole life insurance quotes.

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The amount of coverage you can get depends on which product you choose. The premiums will not increase, and the coverage will not reduce in value. Coverage issued between the ages of 15 days and 80 years — with proceeds paid to age 121.

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