Best Insurance Reports: A
Url of page rating was collected: http://www3.ambest.com/ratings/FullProfile.asp?BL=0&amb=6109&AltNum=7376109&AltSrc=4
Best Rating: A.M. Best rating: A (excellent)
Type of Insurance Company: Mutual
Name of Parent Company:
Company History: Founded 1894 in Indianapolis, The State Life Insurance Co. offers a variety of products that combine Long Term Care benefits with other benefits. State Life is one of a group of subsidiaries of OneAmerica Financial Partners, Inc. (an Indiana Stock Company) which in turn is a subsidiary of an Indiana mutual insurance holding company formed in 2000 (American United Mutual Insurance Holding Company). The lead company of the group of insurers is American United Life Insurance Company which is licensed in 49 states and the district of Columbia. A variety of group benefit plans and related services are also provided through the group's insurance companies and its managing general underwriter (R. E. Moulton, Inc.) that provides medical stop loss, consulting advice and other services to employers.
Principle Sales Methods: Career agents, plus independent agents and brokers.
Life Annuity Business: The State Life sells Term, Whole,and Universal Life policies, plus Fixed and Variable annuity plans.
Special Business: The State Life offers a variety of products with long-term care (LTC) benefits, such as: Asset-Care® (life insurance with LTC benefits), Annuity Care® (annuity with LTC benefits), ImmediateCare® (immediate annuity for individuals currently receiving long-term care), and Legacy Care® (senior-focused deferred annuity).
Company Financial Status:
Assets & Premiums: 2006 Assets: $2.386 billion
2006 Premiums: $217.2 million
S&P rating: AA- (very strong)
Moody's rating: A2 (good)
Lines of Insurance:
Long Term Care, Life, Disability
States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY