State Farm Life Insurance

State Farm Life Insurance is among other State Farm Companies that are owned by the State Farm Mutual Automobile Insurance Company.  It was first founded in 1922 by George J Mecherle specifically to deal in auto insurance for farmers. It was formed as a mutual Insurance automobile Insurance Company under the name of State Farm.  It now operates in Canada and is the largest insurer of cars and homes in the United States. State Farm Mutual Automobile Insurance Company has its headquarters at Bloomington, Illinois and has total assets of US$61.611 billion as at 2007 and 68,000 employees.  It has 17,700 agents and over 343 claim offices operating in USA and Canada.  State Farm is a Fortune 500 Company and was ranked at number 31 in 2009.  It was also named as one of Greater Toronto's Top Employers in October 2008 by Mediacorp Canada Inc. State Farm was originally founded to offer motor insurance to farmers based on the believe that because they drove less their insurance should be less than city drivers.  As State Farm expanded it started to include other forms of insurance such as life insurance, buildings insurance and homeowners insurance as well as banking and financial services.  The Company even had a jingle written in 1971 by the American songwriter Barry Manilow. The jingle which by now most people can recognise was simply "Like a good neighbour, State Farm is there).  Today State Farm Mutual Insurance Company has many subsidiary Companies and deals with every type of insurance.  From starting out just offering insurance to farmers it has now sold 77 million policies in America and Canada as well as insuring 1.9 million bank accounts.  The Chairman and chief executive of the board is Edward B Rust Jr. who became president in 1985.  Not only is he the chief executive officer of State Farm Mutual Automobile Insurance Company but also president of State Farm Life Insurance Company, State Farm Fire and Casualty Company as well as other State Farm subsidiaries.

State Farm Life Insurance is well recognized as a trustworthy and reputable Insurance Company who look after their customers.  Life Insurance is usually bought by a person to give them the piece of mind knowing that on their death any funeral costs will be covered.  A premium is paid each month throughout their life and the policy only matures upon the insured person's death. Before any money is paid out the Insurance Company needs to see proof of the person's death and an insurance claim form must be filled in.  It can often be difficult deciding which type of life insurance policy is the most suitable as peoples circumstances are all different.  By speaking to a financial adviser at State Farm Life Insurance Company and discussing the various options available, it will be easier to make a decision.