Time: State Farm Long-Term Care Insurance Review

From Time:



State Farm no longer issues new long-term care insurance policies since 2018. Existing policies will still be serviced, but new purchases are not possible through State Farm agents. However, the company offers a Flexible Care Benefit Rider that can be added to select life insurance policies, although it is not available in New York or California. State Farm has a strong financial rating and high customer satisfaction. The Flexible Care Benefit Rider provides long-term care benefits, but the monthly cost is subject to increase, and it does not cover pre-existing conditions. State Farm offers a variety of long-term care policy options, but not all are available in every state. The company has solid financial stability and accessibility, with policies and riders sold through its network of agents in every state and the District of Columbia. State Farm has high customer satisfaction, but also a high number of negative BBB reviews, likely due to its large size and variety of insurance offerings. While State Farm no longer offers long-term care insurance policies, it remains a top pick for the best life insurance company.



Original: State Farm Long-Term Care Insurance Review