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If seeking a flexible way to help protect your loved ones and build tax-deferred cash value, a Universal Life policy may be what you need. While this flexible permanent protection is ideal for those potentially seeking to adjust coverage and premiums to meet changing needs,1 it can be structured as a Survivorship or Joint policy. State Farm® Life Insurance Company (not licensed in MA, NY or WI) or State Farm Life and Accident Assurance Company (licensed in NY and WI) can help.
If you are interested in additional life products, please contact a State Farm Agent®.
This permanent policy allows you the flexibility to raise or lower your coverage 1 or your premiums 2 as needed. It even helps you potentially build account value you can use during your lifetime. 3
Explore Universal Life InsuranceCovers two people. The death benefit is paid when the last person insured under the policy dies. Survivorship Universal Life is an efficient way to assist with a variety of planning needs such as cash for estate expenses, business transition planning or funding a special-needs trust.
Learn more about Survivorship Universal LifeCovers two people. The death benefit is paid upon the first death of the insureds. Joint Universal Life offers an economical way of providing permanent coverage for two individuals under one policy. It could provide real financial security for your loved ones, helping them pay the mortgage, fund a college education, and pay off monthly bills.
Examine Joint Universal Life| Product | Features | Premiums1 |
|---|---|---|
| Universal Life |
FeaturesFlexibility to change coverage amounts and premiums. |
Premiums1Minimum funding requirements must be met in order for the policy to remain in force and retain its flexibility. |
| Survivorship Universal Life |
FeaturesPays benefits at the second spouse’s death. Typically used by couples with large estates to pay estate taxes, or to leave a legacy or charitable gift. |
Premiums1Flexible premiums which are generally lower than the premiums for a separate whole life or universal life policy. |
| Joint Universal Life |
FeaturesProtection for two lives with a single policy. Typically more affordable than two permanent policies. Pays benefits at the death of the first insured to help cover the survivor’s expenses. Also used by business owners to fund buy-sell agreements. |
Premiums1Flexible premiums which are generally lower than the premiums for two separate policies. |
Available for an Additional Cost
This is a general description of coverage. A complete statement of coverage is found only in the policy.
For more details on coverage, costs, restrictions, and renewability, or to apply for coverage, contact your local State Farm agent.
Insurance policies and/or associated riders and features may not be available in all states, and policy terms and conditions may vary by state.
Securities are not FDIC insured, are not bank guaranteed and are subject to investment risk, including possible loss of principal.
Issued by:
State Farm Life Insurance Company (Not licensed in MA, NY, or WI)
State Farm Life and Accident Assurance Company (Licensed in NY and WI)
Home Office, Bloomington, Illinois
Each insurer is financially responsible for its own products.
IL-12.17
IL–12.15 SP