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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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. It even builds cash value you can use during your lifetime.
Eligibility
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
- 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.2
- 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.

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Customize Your Policy
Add value to your policy with options and riders.