Life insurance is an instant estate builder. Proceeds of life insurance can provide liquidity at the insured's death for:
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Careful consideration should be given to the ownership and beneficiary arrangements of any life insurance purchased for estate purposes. You should consult with a qualified tax professional to coordinate your insurance program with your overall testamentary arrangements.
State Farm Life Insurance Company (Not licensed in MA, NY or WI) and State Farm Life and Accident Assurance Company (Residents of NY and WI only) offer a variety of life insurance products to meet an estate owner's needs. Whether it is a policy needed for estate tax purposes, survivor income, or business continuation, a State Farm® agent can help provide information to you to help you choose a life insurance program to meet your needs.
Neither State Farm® nor its agents provide tax or legal advice.
Customers should consult their own tax or legal advisers regarding their specific situation.
State Farm Life Insurance Company (Not licensed in MA, NY or WI)
State Farm Life and Accident Assurance Company
(Licensed in New York and Wisconsin)
Home Office, Bloomington, Illinois
Each insurer is financially responsible for its own products.
IL - 29.3