What is Universal Life Insurance?

Universal Life Insurance is a flexible-premium, adjustable benefit life insurance policy that accumulates account value. The flexibility of this policy allows you to change the amount of insurance as your needs for insurance change. Some changes require underwriting approval.

As with all life insurance, the main purpose for buying a Universal Life insurance policy is the death protection provided to your loved ones at your death.

• Learn how Universal Life Insurance works.
• Learn about the coverage amounts and death benefit options on Universal Life insurance.

Benefits of Universal Life

Flexibility -- You decide how much life insurance you need -- and subject to certain requirements and limitations, you can adjust the death benefit and premium payments to fit your changing needs.

Security -- You help protect your loved ones against possible financial hardship in the event of the insured's death.

Tax-Free death benefit -- Under current tax laws governing individual life insurance, life insurance proceeds are generally income tax free to the beneficiary.

Tax-Deferred account value growth -- Your policy's Account Value earns interest at the company's current interest rate -- federal income tax deferred. The current interest rate is guaranteed to be at least 4% a year.

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.

Policy series 04030 in all states except MT, NY, WI, and tax-qualified; 04080 in MT, A04030 in NY & WI, and also 04031 in TX; and 04080 for tax-qualified except, A04080 in NY & WI, also 04081 in TX.

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