Here's Why You Should Buy Life Insurance From State Farm®
More Than 80 Years of Customer Commitment
Why buy life insurance from State Farm? We've been committed to meeting customer needs since 1929 — and today, our company has more than 7.8 million life insurance and annuity policies in force. Our mission is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams. Our success is built on a foundation of shared values, quality service and relationships, mutual trust, integrity, and financial strength.
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State Farm began selling life insurance more than 80 years ago. While starting a life insurance company at the beginning of the Great Depression was a challenge, our commitment to meeting customers' needs helped us survive and grow. By the end of that first year, State Farm agents had sold 931 policies. We've grown quite a bit since then. During 2009, our agents submitted more than 900,000 ordinary life insurance and annuity applications, totaling more than $112 billion in coverage.
Ask our policyholders why they buy life insurance from State Farm, and they'll likely say our "good neighbor" service. With a State Farm agent on your side, you'll get guidance to help you find the right coverage that fits your needs. You can also call your agent's office to speak with a knowledgeable State Farm representative in case you have questions about your coverage or want to make a claim.
Our top financial ratings are an important reason why so many individuals buy life insurance from our company. Major rating agencies have recognized our solid performance, stable product portfolio, and excellent asset quality.
|A.M. Best®||A++||1st out of 16 rankings as of 4/23/10|
|Weiss||A+||1st out of 16 rankings as of 1/6/11|
|Moody's®||Aa1||2nd out of 21 rankings as of 1/7/11|
|Fitch Ratings||AA+||2nd out of 21 rankings as of 1/14/11|
|Standard & Poor's||AA||3rd out of 21 rankings as of 10/25/10|
In addition, State Farm Life Insurance Company and State Farm Life and Accident Assurance Company are members of the Insurance Marketplace Standards Association, an independent and voluntary organization created by the life insurance industry to promote ethical conduct. To become a member, our life insurance companies went through a rigorous self-assessment by an independent consulting firm to verify that our policies and procedures met high standards. To remain a member, we'll repeat this assessment and review process every three years.
Our Strength and Stability
Another factor in why customers buy State Farm life insurance is our conservative investing strategy. When our company invests your premiums, our strategy is geared for the long term. That's why we've invested the vast majority of our bond portfolio in high quality investment-grade bonds.
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For more details on coverage, costs, restrictions, and renewability, or to apply for coverage, contact a local State Farm agent.
State Farm Life Insurance Company (Not Licensed in MA, NY, or WI)
State Farm Life and Accident Assurance Company (Licensed in NY and WI)