State Farm Life Insurance Company of Bloomington, Ill. will begin offering wealth management services through a partnership with Phoenix Home Life Insurance Company of Hartford, Conn., State Farm announced today.

The partnership will allow State Farm will target its nearly 1.8 million clients who have a net worth of $1 million or more, excluding primary residence, said Murray Payne, a company spokesperson. Phoenix Home Life is an ideal partner because it is a leading provider of high net-worth products, he said.

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