AUTO
What are the two dollar amount limits available for Death, Dismemberment and Loss of Sight Coverage?
$5,000 and $10,000
How much premium is Service Line Coverage vs Home Systems Protection Coverage and when can it be added to a homeowners policy?
$66 Service Line Coverage
$99 Home Systems Protection
Added at renewal or with new policy
How many years has State Farm been the leading Life Insurer in the country?
this year is the 4th year in a row determined by J.D. Power
Name 2 Products under State Farm Specialty Products
1. Errors & Omissions
2. Non-Profit Organizations
3. Professional Liability
4. Real Estate Property Managers
What were the first 2 products offered by State Farm
1. Auto Insurance
2. Life Insurance
For Total Disability (T) Coverage with State Farm, how many days do they have to claim disability after an auto collision accident?
20 Days
What is a Marine Survey for Boat Insurance? Double the points if you know how many years a Marine Survey would be considered "current" and able to use in underwriting.
Provides detail description of the condition and value of the boat. Marine Surveys must be within 2 years or newer to be considered current.
What is the min and max age someone can be eligible for Short Term Disability Insurance through State Farm?
18-59 years of age
What are the 7 primary questions you should ask a business to get a rough quote
1. Business Name or DBA
2. Owners of Business
3. # of Employees
4. Address of Business
5. Scope of Business
6. Gross Sales
7. EIN Number
What year was State Farm Founded? Double the score if you know the exact date!
June 7th, 1922
What is the max percentage someone can get on an Accident Free Discount and how many years must they be accident free to get it?
25% and 10 Years Accident Free
Name 5 products quoted through the Fire Quoting Tool
Eligible Answers:
PLUP
PAP
Boat
RCUP
Manufactured Home
Apartments
Artisan and Service Contractors
CLUP
Inland Marine
Religious Organizations
HOAs
Workers Comp
What Life Product is automatically considered a Modified Endowment Contract (MEC) and what is the tax penalty on a MEC?
Single Premium Life and 10% tax penalty
What is FEMA and does State Farm write it
Name at least 5 Affiliates Companies that work with State Farm
1. Hagerty
2. GAINSCO
3. Trupanion
4. Jackson National
5. Rocket Mortgage
6. U.S. Bank
7. Lightstream
8. Humana
9. Blue Cross Blue Sheild
10. Blackrock
11. AmericanFunds
At what age can a driver qualify for the Defensive Driving Discount and how long does that discount apply for?
55+ years of age and qualifies for 3 years when certificate of completion is provided.
What is the Minimum and Maximum Limit on a PLUP?
What is the death benefit on an Instant Answer Term AND how long can the policy stay in force for?
$50,000 And until age 50 OR for 10 years, whichever comes first.
In the state of Virginia, how many employees must a business have before they are required to carry a Workers Compensation Policy?
3
Who is our Springfield Sales Leader and Our Vice President of Agency?
Karen Pratt is our Sales Leader and Lan Martin is our VPA
Name the discount Uber Drivers and Lyft Drivers add to their vehicles for coverage while transporting people. How is it quoted and applied to the vehicle?
Transportation Network Company (TNC). Quoted through the TNC Endorsement Premium Estimation Tool on ABS. It is applied by sending to NECHO and putting in RO Remarks "add TNC endorsement" while attaching the quote.
What is the Wind Mitigation Discount (WMD) also known as (IBHS certificate) on a Homeowners Policy?
provides a discount for homes that have been built to comply with certain building codes. Must be built or upgraded to 1 of 3 hurricane-resistant levels.
Explain the difference between Survivorship Life VS Joint Life death benefit.
Survivorship Life is when the death benefit is made payable upon the death of the second insured. Joint Universal Life is when the death benefit is paid out on the death of the first insured.
5 to 1,000
Fill in the blank for State Farm's Mission Statement "State Farm is intended to help people manage the risk of _____ _____ ____, _____ _____ ____ _____, and realize their dream.
double the amount if you can name the founder of State Farm
State Farm is intended to help people manage the risk of everyday life, recover from the unexpected and realize their dreams.
Founder: George Jacob Mecherle