Important trust account information
- You must already have a trust established to open a trust account or policy.
- A trust account or policy can be registered in the name of a trust (living, family, charitable, or other).
- Trust accounts or policies are often set up to help meet financial needs for family members or for charitable reasons.
- If you set aside funds for a child or grandchild in a trust account or policy, that child will be able to access the funds based on the conditions in the trust document (for example, when he or she reaches a certain age).
Types of trusts
Neither State Farm® nor its agents provide tax or legal advice.
State Farm Life Insurance Company (Not licensed in MA, NY or WI)
State Farm Life and Accident Assurance Company (Licensed in NY and WI)
Each State Farm insurer has sole financial responsibility for its own products.
Securities are not FDIC insured, are not bank guaranteed and are subject to investment risk, including possible loss of principal.
IL - 27.6