Assurity or Assurity Life Insurance Company is a Nebraska-based mutual life insurance organization licensed to serve in 49 states of the United States and the District of Columbia.
They are in the market to offer worksite and individual insurance products through their independently contracted brokers.
Even they have got the best ratings from top financial institutions like A.M. Best, Better Business Bureau, and Standard & Poors.
Assurity Life Insurance Company came in 2007
In 2007, three Nebraska-based insurance provider companies; Lincoln Direct Life, Security Financial Life, and Woodmen Accident and Life got merged to form Assurity Life Insurance Company.
These all three companies were formed during the 1890s serving in the insurance and finance industry.
The newly formed provider is now headquartered in Lincoln, Nebraska, United States and is offering service in almost 49 states of the United States and the District of Columbia. Thomas E. Henning is presently the CEO of the company with 400 employees.
What they have in
Assurity gets you a wide range of insurance products from individual insurance solutions to voluntary employee benefits.
Under individual insurance solutions, they offer life, disability, critical illness, accidental death, and annuities whereas under voluntary employee benefits they have accident expenses, hospital indemnity, critical illness, life insurance and disability income for their customers.
• Why choose an insurance solution?
Before life takes an unexpected turn, one has to look forward to the options to keep their family safe and secure.
Under policy one can get benefits to pay debts, college tuition, childcare and income to support family and parents.
Even one gets the recovery finances regularly assuring and protecting the retirement savings.
• Why choose voluntary employee benefits?
Every employee always considers a job with some benefits to get help with out-of-pocket medical costs.
They consider an affordable, convenient and protective policy to fund their futures. Even they think beyond the situation if they get critically ill, injured, hospitalized and lost their income. Thus, voluntary employee benefits are the right choice.
Is the company among top-rated insurance providers?
Assurity has got rated A- (Excellent) by the leading independent evaluator A.M. Best Company.
This rating is considered to be the fourth highest of 15 ratings for financial strength.
Aside the company has received the 2012 Sustainable Business Award from WasteCap Nebraska and A+ rating from Better Business Bureau with a BBB Integrity Award. Even the company got a place among the top five best places to work in 2013.
Why prefer Assurity?
Assurity is backed by good financial strength offering benefits in their services with a promise to protect. The merged companies are in the market since the 1890s and now as a mutual organization, they prefer a stable environment for long-term investments.
They are together and are sharing experience for helping out their policyholders in every situation of life.
Even they show respect and full commitment towards policyholders by allowing them to elect their board of directors.
In recent years, they have shown mutually beneficial growth and accountability getting certified as B Corporation with full focus on the future.
The company's financial stats
At present, Assurity has $19.3 billion life insurances in force and has paid total benefits of $194.7 million to its customers.
They have also shared dividends of $13.1 million with policyholders as an advantage while working with the mutual organization. Assurity's total assets under management are around $2.6 billion and net income is $11.1 million showings off their financial strength in the market.
Assurity is in news for
In 2018, Assurity got named by Eastbridge Consulting Group as 2018 Voluntary Sales Growth Leader in the small carrier category. The company was chosen for presenting the 54 percent increase in voluntary sales over its 2017 totals.