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Plan ahead with universal life insurance

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

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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 premium - to fit your needs. It even builds cash value you can use during your lifetime.


Premium Duration Lifetime
Coverage Limits Starting at $25,000 for ages 0 to 17
Starting at $50,000 for ages 18 to 54
Starting at $25,000 for ages 55 to 85
Issue Ages 0-85

  • Flexibility - you decide the amount of premium payments subject to minimums.
  • 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 lifetime.1
  • 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.

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.

Customize your policy

This coverage is available either on the spouse of the insured or another person, and provides level term insurance to age 95 for the amount of the rider. This rider is not available on policies with the Flexible Care Benefit Rider.


Ages: 16-75

Coverage: Minimum: $25,000 / Maximum: May not exceed the basic amount of the base policy.

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 in force and children under age 18 at rider issuance and Policyholder is age 16–55

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. The Waiver Of Premium For Disability Rider must be included on the policy to add this rider. Option ages are 17, 22, 25, 28, 31, 34, 37, 40, 43, 46, and 49.


Coverage: $25,000–$100,000 (may not exceed the amount of the Basic Plan)

Ages: 0–37

Helps preserve your policy at a time when income may be limited due to a disability. If the base insured becomes totally disabled for six continuous months, as defined in the policy, prior to age 60, this coverage will waive future monthly deductions as long as the insured continues to be totally disabled. If the base insured becomes disabled between the ages 60 and 65, this coverage will waive monthly deductions to the later of the third policy anniversary after total disability, and the anniversary when the insured is age 65.


Ages: 0–59

Suppose you couldn't care for yourself. What if you could tap into your life insurance to pay for the care you need? This rider provides the insured the ability to accelerate a portion of the policy's death benefit each month and waives monthly deductions while the insured is chronically ill and receiving qualified long-term care services, subject to a 90-day elimination period.


Coverage: The Maximum Monthly Benefit is 2% of the death benefit at the time of claim, subject to maximums imposed by the Internal Revenue Code.

Ages: 20–75

Learn more about Flexible Care Benefit Rider


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1 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.

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

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.

Policy Series Info

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

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)
Home Office, Bloomington, Illinois

Each insurer is financially responsible for its own products.