How Universal Life Insurance Works

• Out of each premium payment, a 5% expense charge is deducted. The balance is added to the policy Account Value.
• Each month, the cost of insurance for all insurance benefits and expense charges are deducted from the Account Value.
• The Account Value earns interest that is credited monthly. The current interest rate is subject to change, but is guaranteed to be at least 4% per year.
  

• Premiums may be increased or decreased within policy limits.
• The amount of insurance may be increased, subject to evidence of insurability, or decreased subject to minimums.
• Policy loans reduce the cash surrender value and death benefit.
• Withdrawals -- Withdrawals may be made from the cash surrender value. Each withdrawal must be at least $500. No more than 4 withdrawals per year are permitted. Funds withdrawn reduce the Account Value and death benefit.
• There may be surrender charges at the time of surrender or withdrawal from the Account Value. The cash surrender value is the Account Value, less any surrender charges and any outstanding loans.

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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