👉 Insurance "state farm" is a term that was once used to describe places that were financially secure and unincorporated, but has since been replaced by more sophisticated terms like "health insurance state" or "retirement savings bank." This slang has become somewhat of an urban legend, often used in jokes about the financial health of people who live in states like Louisiana or New York, where you'd typically find a higher minimum wage than California.
An example sentence using 'insurance state farm' could be: "I'm looking at my insurance policy and I can't believe that we're living in an 'insurance state farm.' We have some great health benefits but not enough to make us happy."
