Survivorship Universal Life Insurance — Leave a Legacy of a Lifetime

Survivorship Universal Life Insurancefootnote[1] covers two people, and pays a benefit only after both have passed away. Since it costs less than two individual permanent policies, it's an affordable option to leave a larger nest egg for your heirs or favorite cause.

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Premium Duration Lifetime
Coverage Starting at $250,000
Issue Ages 18 to 90 (18 to 78 in CA)

How it Works

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

  • Funding a special-needs trust — For those needing extended care, life insurance can provide the funds to pay for expenses when caregivers are no longer living. Learn more about a Special Needs Trust
  • Charitable Giving — Maybe you have a special place in your heart for a certain charity. With Survivorship Universal Life, you can truly make a difference.
  • Business transition planning — Life insurance can help provide the funds needed to orderly transfer ownership of a business. For family-owned businesses, it can help make sure those interested in continuing the business can do so, while providing for non-interested heirs.
  • Help preserve your estate — Even if you have dipped into your assets during retirement, the policy will leave death benefit proceeds that generally pass income-tax free to your beneficiaries. They could use the policy proceeds to help offset federal estate taxes, keeping your estate intact.footnote[2]

Additional benefits:

  • Build tax-deferred cash value — The growth in cash value is federal tax-deferred and it can be accessed for a variety of personal needs.footnote[3]
  • Flexible premiums — Raise or lower premiums, depending on your changing needs or financial situation 
  • Affordable — Since the policy pays only after two people have passed on, it usually costs less than two whole life or universal life insurance policies 
  • Tax-free death benefit — No matter how large your death benefit, it passes to your beneficiaries generally income tax-free

Need help choosing a policy? Compare Policies

Customize Your Policy

You may be able to add even more value to your policy by buying one or more of these optional riders:footnote[4]


  • [1]Survivorship Universal Life is the marketing name for Flexible Premium Joint and Last to Die Survivorship Adjustable Life Insurance.

  • [2]Neither State Farm® nor its agents provide tax or legal advice.

  • [3]No more than four withdrawals can be made in any policy year. Withdrawals and unpaid loans will reduce the death benefit and policy cash value. Loans also accrue interest which further reduces the death benefit and cash value. Loans and withdrawals can have tax consequences.

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

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; or to apply for coverage, contact a local State Farm agent.

There are limitations and conditions regarding payment of benefits due to misrepresentations on the application or when death is the result of suicide in the first two policy years.

With Survivor 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.

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

Each insurer is financially responsible for its own products.