Secure Retirement Finances with Future Income Plus

This Single Premium Deferred Annuity Helps You Enjoy the Retirement Life

The State Farm® Future Income Plus Annuity can help you prepare financially for a long and lively retirement.

A Single Premium Deferred Annuity

Even if you're already contributing the maximum amounts allowed by law to your 401(k) and IRA accounts, you could still be saving even more for retirement by adding the Future Income Plus Annuity.

  • "Single premium" means you fund the annuity with a lump sum payment.
  • "Deferred" means you start receiving income more than 12 months after we receive your payment.

A Single Premium Deferred Annuity is often used for:

  • A rollover from a previous employer's 401(k) or other qualified plan due to job change or retirement.
  • Maturing Certificates of Deposit.
  • Accumulated funds from other investments.
  • An inheritance or lump-sum payout.

Did you know?
Many customers who are interested in Estate Liquidity or Legacy Planning, and have purchased a State Farm Survivorship Universal Life Policy, or a Single Premium Whole Life Policy have also expressed interest in a single premium deferred annuity.

Why Buy State Farm Future Income Plus?

  • Our Single Premium Deferred Annuity is backed by the financial strength of State Farm Life Insurance Company (all states except NY and WI), or State Farm Life and Accident Assurance Company (NY and WI only).
  • You can allow your accumulation value to keep growing and choose when you begin receiving payments. You can wait until you are age 95 (age 90 in NY) or 10 years from your issue age, whichever is later.
  • There are no up-front sales charges or policy fees deducted from your single premium deferred annuity. Your entire premium earns interest.
  • Interest earned on a single premium deferred annuity is generally income tax-deferred.
  • In addition to taking the accumulation value as a lump sum, you will have several income options, including guaranteed monthly income for your lifetime.
  • Withdrawal Flexibility - If withdrawals on a policy year basis are 10% or less of your single premium in the 1st year or 10% or less of the accumulation value at the end of the prior policy year, there are no surrender charges.*

*Distributions that exceed the 10% amount may be subject to surrender charges and a market value adjustment. Most withdrawals are subject to income tax and a 10% tax penalty if taken before age 59½. The minimum withdrawal amount is $500. Up to four withdrawals per year are allowed. Please see your tax advisor for more information.

Initial premiums can vary by age and guarantee period. Contact your State Farm agent for information regarding the availability of this product and for policy details on minimum premium requirements, coverage, costs, and restrictions.

Withdrawals & Charges

You may access your accumulation value at anytime. However, surrender charges and a market value adjustment may apply. A surrender charge is a fee owed upon premature withdrawal from the annuity. A market value adjustment is an increase or decrease in the value of the annuity based on current interest rates when a premature withdrawal occurs. The minimum withdrawal amount is $500. Up to four withdrawals per policy year are allowed. Please see your tax advisor for more information.

Good year. Great decade. A lot to smile about.

Learn more about Mutual Funds


This is a general description of coverage. A complete statement of coverage is found only in the policy.

Contact your State Farm agent for details on coverage, costs, and restrictions.

State Farm agents do not provide tax, legal, or investment advice. Please consult your tax, legal, or investment advisor regarding your specific circumstances.

Guarantees are based on the claims-paying ability of the issuing State Farm Life Insurance company.

Withdrawals made prior to age 59½ are subject to a 10% federal income tax penalty.

In a tax-qualified retirement plan, federal-income-tax deferral is provided by the tax-qualified retirement plan. No additional tax deferral is provided by an annuity. You should contact your attorney or tax advisor for more complete information.

Insurance policies and/or associated riders and features may not be available in all states, and policy terms and conditions may vary by state.

Not FDIC Insured

  • No Bank Guarantee
  • May Lose Value

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)
Bloomington, IL