Plan Ahead with Universal Life Insurance from State Farm Life Insurance Company

Universal Life insurance is a permanent policy that allows you the flexibility to customize the coverage and premiums that meet your needs.

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Universal Life

A Universal Life insurance policy from State Farm® changes along with your life. This flexible policy lets you raise or lower your coverage-and your premiums-to fit your needs.1 It even builds cash value you can use during your lifetime.


Premium Duration Lifetime
Coverage Limits
Starting at $25,000 for ages 0 to 19
Starting at $50,000 for ages 20 to 54
Starting at $25,000 for ages 55 to 85
Issue Ages 0–85

How it Works

  • Premiums are flexible, you can pay your premiums monthly or annually.
  • Your premiums (after an expense charge) are added to your account value.
  • Every month, the cost of insurance for the policy and any riders, and any monthly expense charge are deducted from your account value.
  • Interest is credited to your account value; the current interest rate may change monthly, but will never be less than the guaranteed rate stated in the policy when you purchased it.
  • The cash value grows tax-deferred. Cash values can be accessed during your lifetime2.
  • No matter how large your death benefit, it passes to your beneficiaries generally income tax-free.

Death Benefit Options

There are two death benefit options you can choose with a Universal Life insurance policy.

Option 1

Provides a level death benefit equal to the Basic Amount of life insurance you choose.

This image depicts a level death benefit equal to the Basic Amount of life insurance you choose.

Option 2

Provides a death benefit that varies with your policy Account Value. Your death benefit is the amount of life insurance plus the policy Account Value.

This image depicts a death benefit that varies with your policy Account Value.

Need help choosing a policy? Compare policies

Customize Your Policy

Add value to your policy with options and riders.


1 Increases in coverage are subject to underwriting and policy limits. Decreases in coverage are subject to policy limits.

2 Only four withdrawals are allowed per year ($500 minimum per withdrawal). Surrenders may be subject to a surrender charge. Unpaid loans and withdrawals will reduce the death benefit and the policy's cash value. Withdrawals also will reduce the policy account value/cash surrender value. Loans accrue interest.

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.

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