Posts Tagged ‘state farm life insurance rating’

Website – https://www.statefarm.com
Located – Bloomington, IL
Phone – 1-888-559-1922
Employees – 68,000
Revenue (mil.) - 61,611
Description - Like an enormous corporation, State Farm is everywhere. The leading US personal lines property/casualty company (by premiums), State Farm Mutual Automobile Insurance Company is the #1 provider of auto insurance. It also is the leading home insurer and offers non-medical health and life insurance through its subsidiary companies. Its products are marketed via some 17,000 agents in the US and Canada. Competition has increased with the fall of barriers between the banking, securities, and insurance industries. State Farm’s efforts to diversify include a federal savings bank charter (State Farm Bank) that offers consumer and business loans through its agents and by phone, mail, and the Internet.

Source: http://www.hoovers.com

Reviews & Ratings

old99will’s Full Review of State Farm Life Insurance Company

I have been an excellent customer of State Farm my whole life. I started with an auto policy, then added a homeowners policy, and finually bought life Insurance.
Why State Farm? Because of their agents! I have moved several times and each new agent I have had has been friendly, helpful, capable, and dependable. They get to be almost like good friends even though I only see them a couple times a year. Sure they are getting paid to be your good friend but isn’t that great that when you really need a friend (like after an accident, or when your house is robbed or when your son dies) that your friendly agent is there to help you settle your insurance claim.

Ok this is about life insurance so I will stick to that subject. My agent set up $50,000 policys for both of my kids when I was getting one for myself. They were young- it only cost $168 per year and when they were older they could cash it in and help with college or buy a car or use it as part of a home downpayment–lots of good reasons for buying life insurance on your kids, right. Well the unspeakable thing happened to my son–he died–leaving a brand new wife, some credit card bills etc..

My agent made sure that his life insurance check got to me two days after I notified him of my sons’ death. He delivered it in person. Now $50,000 isn’t going to ease the grief but it sure helped in settling his estate and gave his widow a small nest egg to help her along. Thanks State Farm.

carolah’s Full Review of State Farm Life Insurance Company

First of all, I have been insured with State Farm auto insurance for many years, and have been very satisfied with their service (and even claims when needed). A number of times, I have received dividend checks back (which is basically a cash rebate for your policy) when their actual expenses were lower than what was projected for the year. They avoid the problem of having “hungry” stockholder’s grabbing for huge profits that keep costs of policies up. My experience with this company is that it has been solid and fair-minded company.

So, when my agent recently contacted me to see if I wanted to participate in an insurance “checkup”. He told me that I could save even more money alongside my multi-car insurance discount if I were to decide on an additional policy such as life or health insurance. Since I have health insurance with my employer, I chose a $50,000 life insurance policy.

After that, I was scheduled for a physical with my physician including blood work that was done through the lab. The company paid for all of this. They didn’t find any health problems at all with the physical other than the fact that I am substantially (100 lbs.) over my ideal weight. So, my policy price rating is higher than a person of more normal weight. With my additional discounts on my two car insurance policies, and the discount on my life insurance policy, I feel that this policy is still a good value. I am replacing a life insurance policy from another company that was lower coverage, and that did not require a physical. I won’t quote the prices that I have paid since circumstances can vary so much from individual to individual, and the area that you live in.

The main reason for purchasing this policy was the higher coverage, and the multiple discounts on the car and life insurance policies that I have with this company. My agent did explain that since my weight was a factor in my rate for life insurance, if I were to decrease in weight that another physical could be scheduled in about a year to determine if a decrease in rate is warranted. (The company would pay for this.) Many insurance companies do rate you higher if you are substantially overweight or if you smoke, etc. So, I do not consider this unusual.

rocket11’s Full Review of State Farm Life Insurance Company
I bought my life insurance from State Farm and would recommend it to anyone. The agents are well trained and know their products inside and out. They have both term and permanent plans and my agent was able to find a perfect match for my needs.

Source: http://www.epinions.com