State Farm Life Insurance Company, State Farm Life and Accident Assurance Company and State Farm International Life Insurance Company Ltd. announced an increase in the total dividend payout for 2010. The companies expect to pay to their life insurance policyholders an estimated $653 million in dividend payments on 3.5 million participating policies, a 3 percent increase over the total dividend payout for 2009.
“The State Farm Life affiliates maintain a long-term focus to manage our business for the benefit of our policyholders. We believe all of our life and annuity products provide exceptional value and our dividend payout is just one way we demonstrate this to our customers,” said Susan Waring, executive vice president and chief administrative officer of State Farm Life Insurance Company. “Since 1929, our life insurance policyholders have placed great trust in State Farm and the State Farm agent to help protect their family’s dreams.”
Life insurance policy dividends are paid to the policyholder on the anniversary date of the policy based on the performance of participating policies including investment returns, mortality and expenses. State Farm Life Insurance Company has paid dividends every year since the first policy anniversary in 1930.
