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Joint universal life insurance

Joint Universal Life Insurance is a flexible, economical way to help provide for two individuals' life insurance needs with one policy, and at one price.

Find an agent to get a life quote

If you are interested in this type of life product, please contact a State Farm® agent.

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The Joint Universal Life policy can help assist in planning for the following needs:

  • Preserving Lifestyle — Life insurance can help provide the funds needed to help keep and maintain lifestyle choices.
  • Business transition planning — Life insurance can help provide the funds for an orderly transfer of business interests between two owners.
  • Access to account/cash value — Over time, the account value can be accessed via a policy loan or withdrawal to help with education expenses, provide a retirement supplement, or other personal objectives. It's important to know that unpaid loans and withdrawals will reduce the death benefit and account value/cash surrender value. In addition, loans accrue interest.


Premium Duration Lifetime
Coverage Starting at $100,000
Issue Ages 18-85

Customize your policy

Add even more value to your policy by buying any of these optional riders. A State Farm agent can help you customize a policy to meet your needs.

Provides additional coverage on either insured until age 95. This coverage must be applied for and purchased by each respective insured. This rider is convertible until age 75 to any Whole Life plan that is available when conversion occurs.


Coverage $100,000 minimum
Issue Ages 18-90

Provides temporary insurance for eligible children up to the earlier of age 25 or until you turn 65. Just one rider can provide up to $20,000 in coverage for each eligible child in your family. You can purchase up to five times the amount of Children's Term Rider coverage on the eligible child's 18th birthday and the rider can be converted to permanent insurance for up to five times the amount of coverage when the child turns 25.


Coverage $5,000-$20,000
Ages Children born after the rider is issued and any children under age 18 at policy issuance

Policyholder is age 16-55

Helps preserve your policy at a time when income may be limited due to a disability. This optional rider waives the monthly deductions of the entire policy for a total disability, as defined in the policy. Waiver of Monthly Deduction for Disability can be purchased on either or both insureds; however, no additional benefit is paid if both insureds are totally disabled.


Ages 18-59

Insure your insurability! Buy additional amounts of insurance, on specific option dates, without a medical exam, at standard rates. When you marry or become a parent, you may exercise the next available option. Waiver of Monthly Deduction for Disability must be included on both insureds to add this rider. Option ages, based on the older insured, are ages 22, 25, 28, 31, 34, 37, 40, 43, 46, and 49.


Coverage $50,000-$100,000
Issue Ages 18-37

Ask your agent for more information about these optional benefits.


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With Joint Universal Life it is possible that coverage will expire when either no premiums are paid following the initial premium or subsequent premiums are insufficient to continue coverage.

For more details on coverage, costs, restrictions 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.

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 and cash surrender value. Loans accrue interest.

Changes in policy coverage amounts are subject to policy limits. Increases are subject to underwriting and may require additional premium. Decreases in coverage are subject to policy limits.

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

Policy Series Info

Securities are not FDIC insured, are not bank guaranteed and are subject to investment risk, including possible loss of principal.

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

Each State Farm insurer has sole financial responsibility for its own products.