State Farm Life and Accident Assurance Company has updated rates in Wisconsin for its Adjustable Premium Level Term Life Insurance Policy to Age 95 with Return of Premium Benefit. The revised rates take effect on January 1, 2026, for new business and reflect the company’s latest actuarial assumptions for its return of premium term products.

The policy provides level premiums for either 20 or 30 years, after which rates increase annually. At the end of the level period, policyholders receive a return of all premiums paid, including those for riders and any premiums waived due to disability, reduced by any outstanding policy loans. Coverage is available for applicants between ages 18 and 60 for the 20-year term and up to age 45 for the 30-year term, with conversion options extending to the later of age 75 or the fifth policy year.

Cash values accumulate during the level premium period based on a percentage of total premiums paid, which varies by issue age, gender, and coverage amount. The product offers policy loans, nonforfeiture benefits, and the ability to continue coverage as extended term insurance after the level period ends.

Filed in late October and effective at the start of 2026, the updated filing replaces a prior version approved in 2023 and supports State Farm’s continued offering of flexible term life insurance with a built-in savings feature that returns premiums at the end of the term.