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April 5, 2019 Newswires
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Helping Customers Live Life Confidently

Targeted News Service (Press Releases)

BLOOMINGTON, Illinois, April 4 -- State Farm Companies, an auto, home and individual life insurance provider, issued the following news release:

* * *

- State Farm reaches 8 million policies in force

* * *

On the cusp of the State Farm Life Insurance Company 90th anniversary, State Farm Life and its affiliate, State Farm Life and Accident Assurance Company, have reached eight million life and annuity policies in force.

"This is a great testament to our ongoing commitment to helping people," said Senior Vice President - Financial Services Joe Monk. "We believe life's uncertainties shouldn't have to be managed alone. Helping customers with life insurance is a proud tradition for State Farm."

The achievement also positions the company as a trusted multi-dimensional service provider for auto, home and life insurance.

"We're grateful to our founder for having the vision 90 years ago to create the State Farm Life Insurance Company," said Monk. "Because of his actions, we have the privilege of protecting customers with products and services tailored to meet their unique, individual needs."

In April 1929, company founder George Jacob "G.J." Mecherle purchased the first State Farm life insurance policy. It was for $2,000 of ordinary life insurance. Today, ordinary life insurance volume in force totals more than $913 billion.

In addition to these milestones, State Farm is also celebrating its number one ranking in customer satisfaction among life insurance providers by J.D. Power. State Farm earned this ranking when it was first awarded five years ago, and it's led the way for five consecutive years. The company is the first and only life insurer to receive this recognition since J.D. Power first began ranking life insurers in 2014.

"Not only are we servicing millions of policies every day, we're doing it with the top rated service State Farm is known for," said Monk. "We appreciate the work of State Farm agents and employees, and we thank our customers for trusting us with their lives and recognizing us for protecting them well."

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