Assurity Life Insurance Company

Assurity Life Insurance Company (Assurity) is a mutual insurance organization based in Lincoln, Nebraska. Assurity employs about 400 home office associates and is licensed to conduct business in 49 U.S. states and the District of Columbia.[1][2]

Assurity Life Insurance Company
TypeMutual
IndustryInsurance & Finance
HeadquartersLincoln, Nebraska, US
Websitewww.assurity.com

History

Assurity was created as the result of a merger of three Lincoln, Nebraska insurance companies: Woodmen Accident and Life, Security Financial Life, and Lincoln Direct Life. The merger of the companies concluded in 2007. Woodmen Accident and Life began in 1890 using the name Modern Woodmen Accident Association. Security Financial Life began in 1895 using the name Security Mutual Life. Lincoln Direct Life began in 1896 using the name The Royal Highlanders.[1][3]

Products

Assurity has independently contracted brokers who market individual and worksite insurance products.[2]

Individual Insurance Policies (from the Individual Sales Division):

  • Disability Income—Fully Underwritten, Simplified, Graded Benefit, Business Overhead Expense
  • Critical Illness—Fully Underwritten, Simplified
  • Accidental Death
  • Life Insurance—Fully Underwritten and Simplified Whole Life, Single Premium Whole Life, Term Life, Universal Life, Reversionary Annuity
  • Annuities (Fixed)—Single Premium Deferred and Single-Premium Immediate
Assurity Center

Worksite Products (from the Assurity at Work® Sales Division):

  • Disability Income
  • Accident Expense
  • Critical Illness
  • Cancer Expense
  • Hospital Indemnity
  • Whole Life
  • Term Life
  • Universal Life

Independent Rating and Financial Information

A.M. Best Company rated Assurity Life Insurance Company as A- (Excellent). A.M. Best ratings range from A++ (Superior) to F (In Liquidation). As of Dec. 31, 2013, Assurity had more than $2.4 billion in assets under management.[4]

Notability

Assurity's home office facility received LEED Gold Certification, the first large office building to do so in Lincoln, Neb.[5] Assurity was also voted third among Lincoln's top five Best Places to Work in 2013.[6] WasteCap Nebraska gave Assurity the 2012 Sustainable Business Award.[7][8]

Ratings and reviews

The Better Business Bureau accredited Assurity Life Insurance Company and gave it an A+ rating (on a scale of A+ to F), as well as a recent BBB Integrity Award.[9]

Awards

The Downtown Lincoln Association awarded Assurity the 2012 Impact Award, which was based on “green” practices at Assurity's headquarters in the Antelope Valley Area.[10] Assurity also earned the Green Business Award from the Lincoln Chamber of Commerce in 2012.[11][12]

See also
  • Ethos

References
  1. Pascale, Jordan (January 26, 2012). "Journalist". Lincoln Journal Star. Retrieved January 26, 2012.
  2. "Insurance & Financial Services Professional Resource Guide". Insurance & Financial Services Professional Resource Guide. Archived from the original on February 4, 2014. Retrieved January 1, 2014.
  3. Olberding, Matt (January 3, 2007). "Affiliated Lincoln insurers, Assurity Life, Security Financial Life, merge operations". Lincoln Journal Star. Retrieved January 3, 2007.
  4. "www.ambest.com". AM Best. Archived from the original on January 1, 2014. Retrieved January 1, 2014.
  5. "Journal Star". Journal Star. Retrieved February 10, 2014.
  6. "Journal Star". Journal Star. Retrieved February 10, 2014.
  7. "Journal Star". Journal Star. Retrieved February 10, 2014.
  8. "WasteCap Nebraska". WasteCap Nebraska. Archived from the original on February 25, 2014. Retrieved February 10, 2014.
  9. "BBB". Better Business Bureau. Retrieved February 10, 2014.
  10. "Journal Star". Lincoln Journal Star. Retrieved February 10, 2014.
  11. "Assurity" (PDF). Assurity Life Insurance Company. Archived from the original (PDF) on October 16, 2012. Retrieved February 10, 2014.
  12. "Assurity". Assurity Life Insurance Company. Archived from the original on May 11, 2013. Retrieved February 10, 2014.
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