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According to State Farm, it takes most people around two weeks to settle a claim. In Wisconsin, an insurance company has 30 days to pay a claim after receiving written notice reporting a loss. This is mandatory under Wisconsin law §628.46.Is state Farm a captive insurance company?
A captive insurance agent is an agent who works for one insurance company. Some examples of captive insurance agents are State Farm, Allstate, American Family, and Farmers.What is life insurance with State Farm?
State Farm also offers universal life insurance policies, which offer the benefits of whole life’s long-term coverage with the flexibility of changing premiums and coverage amounts. Universal life accumulates cash value and can also be used as a part of your total financial planning package.