Jake from State Farm seems like a nice guy in the commercials for State Farm Insurance and if he is sending you money, he must be a great guy.  Customers of State Farm have recently been receiving emails telling them that they are eligible to receive a dividend.  You are told that all you need to do is click on a link in the email to get your payment by Zelle, Venmo or PayPal.

But is it legitimate?

The answer is yes and no.  State Farm is not a corporation owned by stockholders.  Instead it is a mutual insurer which means that it is owned by its policyholders and when the company has a very profitable year, it returns profits to its insureds as a dividend.  In this case State Farm is sending out $5 billion to policyholders.   Unfortunately, scammers are taking advantage of this and sending emails and text messages posing as State Farm and luring people into clicking on malware infected links or requiring the payment of a fee in order to claim your dividend.

TIPS

So how can you tell if the communication you received is legitimate.  First of all, if you received a text message, it wasn’t from State Farm even if your phone indicates the sender was State Farm. State Farm does not use text messages for dividend payouts.  The legitimate email address doesn’t even have the name State Farm in it. The legitimate email address being used by State Farm is donotreply@e.sfdividend.com.  However, if you like me, follow my advice of “trust me, you can’t trust anyone” your best bet is to not even click on the link in an email that may appear legitimate, but rather go directly to the official portal for claiming your dividend by typing in the address SFDividend.com directly into your browser just to be safe.

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