When I make a payment on my State Farm Variable Universal Life policy or my State Farm Variable Deferred Annuity using EBPP, when will that payment be credited to my policy or annuity?
EBPP payments for your Variable Universal Life policy or Variable Deferred Annuity will be credited to your policy or annuity as of the end of the Valuation Period when State Farm Life Insurance Company or State Farm Life and Accident Assurance Company receives your payment at it’s Home Office and will be based on the unit value for that Valuation Period. If you participate in our State Farm Payment Plan (SFPP), this will ordinarily occur one or two business days after your EBPP payment is confirmed. If you do not participate in our SFPP, this will occur when your payment is confirmed. See your prospectus for information regarding the crediting of additional premium payments. Can I still write a check to make my payment? You can choose to make your payment by check at anytime. Payments made by check can be taken to your agent’s office or mailed with the remittance portion of your paper bill in the return envelope provided. If you don’t have the remittance slip or return envelope, you c