Variable Products Unit Values/Important Disclosures

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Unit Values
at close of business on 07/17/2008
Subaccount Future
Income Flex
Change from
previous day
Variable
Universal Life
Change from
previous day
Small/Mid Cap Equity Subaccount (PDF 72 KB) 11.15 +.00 11.26 +.00
Small Cap Equity Index Subaccount (PDF 64 KB) 15.36 +.22 15.93 +.22
International Equity Subaccount (PDF 76 KB) 12.73 +.13 12.86 +.13
International Equity Index Subaccount (PDF 64 KB) 15.68 +.22 16.27 +.23
Large Cap Equity Subaccount(PDF 64 KB) 8.80 +.24 8.89 +.24
Large Cap Equity Index Subaccount (PDF 64 KB) 12.79 +.15 13.26 +.15
Stock & Bond Balanced Subaccount (PDF 68 KB) 13.58 +.05 14.09 +.06
Bond Subaccount (PDF 68 KB) 14.76 -.08 15.31 -.09
Money Market Subaccount (PDF 60 KB) 12.61 +.00 13.08 +.00
Fixed Account Base Interest Rate 3.00* 4.50

* Applicable for funds received on this date and guaranteed for 1 year (based on the claims paying ability of the issuing State Farm® life insurance company).  The base rate plus the specified percentage in the chart below is compared to the guaranteed interest rate of 3% for the Fixed Account.  If the base rate plus the specified percentage is less than 3%, the actual crediting rate will be 3%.  If the base rate plus the specified percentage is greater than 3%, the actual crediting rate will be that total.

Fixed Account Accumulation Value
(Including new Fixed Account Premiums)
Crediting Rate
Less than $10,000  Base Rate
At least $10,000 but less than $25,000 Base Rate + .50%
At least $25,000 but less than $50,000 Base Rate + .75%
$50,000 or greater  Base Rate + .85%


The Variable Deferred Annuity (Future Income Flex), and Variable Universal Life policies are offered by prospectus only and are not available in all states. The unit values do not reflect all fees and charges. The prospectuses contain complete information about the charges and expenses associated with the Variable Deferred Annuity and Variable Universal Life policies.

View the Performance and Returns for the State Farm Variable Deferred Annuity and Variable Universal Life policies. Past performance is not predictive of future performance. Investment return and principal values will fluctuate so that your account value, when redeemed, may be worth more or less than the premiums you paid. Recent performance may be less than the figures shown.

View the prospectus for the State Farm Variable Deferred Annuity and Variable Universal Life policies online, or ask your State Farm registered representative agent for a prospectus.

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


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Issued by:
State Farm Life Insurance Company (Not Licensed in MA, NY, or WI)
Bloomington, IL
State Farm Life and Accident Assurance Company (Licensed in NY and WI)
Bloomington, IL

State Farm VP Management Corp.
(Underwriter and Distributor of Securities Products)
One State Farm Plaza
Bloomington, Illinois 61710-0001
1-888-702-2307

Variable Deferred Annuity policy series 97040 & 97090 in all states except MA, MT, NY, WI; 97090 in MT, A97040 & A97090 in NY & WI

Variable Universal Life policy series 97035 in all states except MT, NY, WI; 97085 in MT, A97035 in NY & WI, and also 97036 in TX

Not FDIC Insured

*No Bank Guarantee
*May Lose Value

AP2007/12/9655

IL-16.11

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