Financial Products

Whatever you have going on, State Farm® is an ideal source for your Financial Needs.

• As a business owner, a State Farm agent takes on many of the same responsibilities you do, such as finding and keeping employees, managing finances, and planning for the future
• As you can see below, we have a wide variety of financial services available. A State Farm agent will be happy to help you find the right product or service for your unique needs

 

Business Life

If something happened to you or a key employee, it could be costly to your business and your family. Without proper planning, your business could suffer financial hardship and sold to outside parties. To avoid these situations, consider a Buy-Sell Agreement as well as Key Employee insurance funded with State Farm life insurance.

Help attract and retain employees by using fringe benefits such as Executive Bonus, Split Dollar Plans and Deferred Compensation Plans as key employee incentives. You you can select which employees receive the benefits and which type of benefit they receive.

Learn More

 

Group Life

Group Life Insurance can provide a valuable employee benefit to help you attract and retain loyal employees. Not only will you build a better team through better benefits, the premiums you pay for your employees are generally tax deductible as a business expense. In most states we can establish a plan for employee groups of five or more and you can choose from a variety of benefit amounts. Contact a State Farm agent who will be glad to help you design a plan to protect your most valuable asset- your employees.

Learn More

 

Small Business Retirement Plans

Choosing the right retirement plan that meets the needs and goals of your small business may seem overwhelming. A State Farm agent is available to guide you through this process to help make planning for retirement easier for both you and your employees. A full range of plan types and investment options are available to you with State Farm Mutual Funds.

Learn More

 

Disability Income Insurance

The foundation of your business could be jeopardized if you become disabled due to an injury or illness. What kind of personal resources would you need to rely on to pay the bills? Speak to a State Farm agent today about the variety of Disability Income insurance products available through State Farm to provide the financial protection you need.

Learn More

 

Health Insurance

When group insurance is not an option, consider individual medical insurance coverage for you, and possibly for your employees. A State Farm agent will be able to walk you through the various medical plans available to you and your employees on an individual basis. Through a marketing alliance with Assurant Health®, State Farm offers Health Insurance products that are underwritten and issued by Time Insurance Company. These medical plans include individual medical coverage, short term medical coverage, and a fixed-indemnity plan with limited benefits.

Learn More

 

Long Term Care Insurance

What plans have you made if you were no longer able to care for yourself? How would you pay for the care you might need, such as in-home care or a nursing home? A State Farm Long Term Care Insurance policy can give you choices when your health changes. It allows you to protect your assets, your standard of living, your retirement, and your estate. But, most of all, it allows you to avoid becoming a burden to your family.

In addition, the long term care insurance premiums may be eligible as self-employed health insurance federal income tax deduction.

Talk to a State Farm agent today about the benefits of a long term care insurance policy.

Learn More

 

State Farm Bank®

The State Farm Bank® Visa® Business credit card* is designed exclusively for business owners looking for a card that helps them manage their business by having access to online reporting tools and the ability to separate business and personal expenses. In addition to this, the State Farm Bank® Visa® Business card offers a rewards program.

* Issued by State Farm Bank®, an affiliate of State Farm®

Learn More

 

Deposits and lending products are offered by State Farm Bank, Member FDIC, Equal Housing Lender. Insurance and Investment Products are offered by affiliate companies of State Farm Bank and are not FDIC insured, not an obligation of or guaranteed by the Bank, and are subject to investment risk including the possible loss of principal invested.