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Guaranteed Income Later annuity

Want to receive a higher payout than an immediate annuity you can’t outlive? Simply wait to take your first payment any time between 13 months and up to 30 years from your purchase date. Minimum $10,000 initial premium.

What does a deferred income annuity do?

A Guaranteed Income Later Annuity from State Farm® Life Insurance Company and State Farm Life and Accident Assurance company (Residents of NY and WI only) guarantees a retirement income for the future.

You can make the most of a one-time premium payment – often coming from an IRA or 401(k) rollover, a maturing CD, inheritance or life insurance payout, or proceeds from the sale of a business – to help you cover your retirement expenses

Policy series information

Qualified Longevity Annuity Contract (QLAC)

The IRS mandates that you begin taking Required Minimum Distributions (RMDs) from your qualified fund at age 73. The amount of your RMD is determined by the IRS based on life expectancy. The penalty for not taking an RMD can be 25% of the amount that was not taken on time.1

If you don’t need these RMDs for income, you have the option of adding the QLAC endorsement, which is available for this annuity if funded from a qualified retirement plan or IRA.

Adding a QLAC to your Guaranteed Income Later annuity can give you more flexibility because it enables you to delay your RMD distribution on a portion of your funds until age 85. Consult your tax advisor for individual tax advice.

Annual increase
benefit option

Set yourself up to keep pace with inflation. After all, prices for food to utilities will rise over time. By adding this rider to your Guaranteed Income Later annuity at the time of purchase, the payments you receive can increase from 1% to 5% each year. It’s like giving yourself a retirement raise.

Talk to a State Farm agent for details

For more information, call 844-242-1899844-242-1899




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

Contact your State Farm agent for details on coverage, costs, and restrictions

Neither State Farm nor its agents provide tax or legal advice. Please consult your tax, legal, or investment advisor regarding your specific circumstances.

Guarantees are based on the claims-paying ability of the issuing State Farm life insurance company.

In a tax-qualified retirement plan, federal-income-tax deferral is provided by the tax-qualified retirement plan. No additional tax deferral is provided by an annuity. You should contact your attorney or tax advisor for more complete information.

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

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, Illinois