Headquartered at Bloomington, Illinois, State Farm Life Insurance Company is a huge name in mutual insurance business. It's a part of State Farm Insurance Company and a controlling company of other State Farm companies. Besides, insurance, State Farm is also in the business of providing financial services. Founded on June 7, 1922 by a retired farmer, George J. Mecherle, State Farm Life Company started out with meeting auto insurance needs of farmers in the area of Illinois through a mutual organization controlled by clients.

With an employee strength of 67,000 and agent strength of 17,000, the company services over 77 million policies in the US and CANADA and has over 1.9 million bank accounts served by their client base representing more than 40 million vehicles. Last year alone, State Farm announced a payment of $1.25 billion in dividends to its life insurance policyholders.

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