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Article: State farm mines high net worth client base. (ALLIANCES).(State Farm Life Insurance Co.)(Brief Article)(Company Profile)
- Article from:
- National Underwriter Life & Health-Financial Services Edition
- Article date:
- November 19, 2001
- Author:
CopyrightCOPYRIGHT 2001 Summit Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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State Farm Life Insurance Company has its eye on the 1.8 million high net worth clients it already serves, looking to provide them with estate planning, business planning, charitable planning and other needs commonly found in this market.
"State Farm is in about 27 million households. We estimate that 1.8 million of those are high net worth households," says Terry Huff, vice president of advanced products for State Farm Life, Bloomington, Ill.
Earlier this year, State Farm announced they were forming an alliance with Phoenix Life Insurance Company, Hartford, Conn., to offer advanced market products and services to their customers.
"This is not ...