Variable Deferred Annuity -- Future Income Flex

• Advantages
• Unit Values/Important Disclosures
• Prospectuses and Reports
• Performance and Returns
• Frequently Asked Questions

A Variable Deferred Annuity is a contract with a life insurance company that offers you a way to accumulate savings and defer taxes until you begin withdrawing your money. State Farm's Variable Deferred Annuity is called Future Income Flex.

The contract is set up so that you contribute money (by paying premiums) during various intervals over a number of years. The premiums you pay go into your choice of underlying stock and bond investment funds (called subaccounts) and a fixed account. Your rate of return -- and therefore the accumulated value of your premiums -- depends on the performance of the underlying accounts you choose.

The insurance company then converts the accumulated value of the premium payments you've made into a series of payments made to you over time. You may choose from a variety of payout options, including a lump-sum payment or the option to receive guaranteed income for life¹.

The earnings within a Variable Deferred Annuity are not subject to federal income tax until you withdraw your money^{2 3}. This allows the account value of the annuity to potentially grow larger than it would if the earnings were taxed each year. It also means you can spread your tax liability over the life of your income payments. Plus, you may move your money between the underlying investment funds without federal income tax implications.

The Interest Advantage Program enables you to explore opportunities in the stock and bond markets, without committing a large portion of your retirement savings all at once.

Please note: Variable Annuities carry fees and charges for the benefits they offer. The following fees are associated with a variable annuity: Annual Administration Fee; Surrender Charge; Transfer Processing Fee; Mortality and Expense risk charge; fund expenses; and Additional Deposit Rider Charge. Federal income tax and a 10% tax penalty may apply to distributions.

For more detailed information about this policy including charges and expenses, view the prospectus online, or ask your State Farm® registered representative agent for a prospectus. See your State Farm registered representative agent for details on coverage, costs, restrictions, and renewability.

Ready to get started?

State Farm Variable Products are available through prospectus by registered representatives of State Farm VP Management Corp., One State Farm Plaza, Bloomington, Illinois 61710, 1-888-702-2307. Please read the prospectus and consider the investment objectives, risks, charges, expenses and other information it contains about State Farm Variable Products carefully before investing.

Investing in a variable annuity is generally suitable for long-term investing such as retirement savings. You should consider your financial situation before investing.