If you're looking for a flexible way to help protect loved ones and build tax-deferred cash value, a universal life insurance policy may be just the thing for you. While this flexible permanent protection is ideal for those who may be looking to adjust coverage and premiums to meet changing needs, 1 it can be structured as a policy with rights for survivors or as a joint policy. State Farm Life ® Insurance Company (not licensed in MA, NY or WI) or State Farm Life and Accident Assurance Company (licensed in NY and WI) can help.

Locate an agent to get a life insurance quote

Typical Uses for Universal Life Insurance

  • Help for loss of income, mortgage costs and a family's education needs
  • Access to cash value (“living benefits”) for life's opportunities
  • Inheritance, special needs and business planning

universal life insurance

This permanent policy allows you the flexibility to increase or decrease your coverage 1 or your premiums 2 when necessary. It even helps you build account value that you can use over your lifetime. 

Universal life insurance with rights for survivors 

Covers two people. The death benefit is paid when the last person insured under the policy dies. Universal life insurance with rights for survivors is an effective way to help with a variety of planning needs, such as cash for estate expenses, business transition planning, or setting up a special needs trust.

Universal life insurance

Covers two people. The death benefit is paid when the first of the insured dies. Joint universal life insurance offers an affordable way to provide permanent coverage for two people under one policy. It can provide real financial security for your loved ones by helping them pay their mortgage, fund a college education, and pay off monthly bills.

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