Company Overview
Reassure America Life Insurance Company is a leading provider of life insurance and annuity products in the United States. Founded in 1975, the company has grown to become one of the largest life insurers in the country, with over $100 billion in assets under management and more than 2 million policyholders.
Reassure America’s mission is to provide financial security and peace of mind to its customers. The company’s vision is to be the most trusted and respected life insurance company in the United States. Reassure America’s values are integrity, customer focus, and innovation.
Key Statistics
- Assets under management: $100 billion
- Number of policyholders: 2 million
- Market share: 5%
Product Offerings
Reassure America offers a comprehensive range of life insurance policies tailored to meet the diverse needs of individuals and families. From term life insurance to permanent life insurance and specialized policies, our offerings provide financial protection and peace of mind.
Our policies are designed to cover a wide spectrum of needs, including:
- Income replacement for loved ones in case of untimely demise
- Coverage for final expenses, such as funeral costs and medical bills
- Wealth accumulation and estate planning
- Long-term care expenses
Term Life Insurance
Term life insurance provides temporary coverage for a specified period, such as 10, 20, or 30 years. It is typically the most affordable type of life insurance and is suitable for individuals who need coverage for a specific period, such as during their working years or to cover a mortgage.
Permanent Life Insurance
Permanent life insurance provides lifelong coverage and includes a cash value component that grows over time. This type of policy is more expensive than term life insurance but offers the advantage of lifelong protection and the potential for cash value accumulation.
Universal Life Insurance
Universal life insurance is a type of permanent life insurance that offers flexibility in terms of premiums and death benefit. It allows policyholders to adjust their coverage and premium payments based on their changing needs.
Variable Life Insurance
Variable life insurance is a type of permanent life insurance that invests the cash value component in mutual funds or other investment options. This type of policy offers the potential for higher returns but also carries investment risk.
Indexed Universal Life Insurance
Indexed universal life insurance is a type of permanent life insurance that links the cash value component to an index, such as the S&P 500. This type of policy offers the potential for growth while providing a level of protection against market downturns.
Financial Strength and Stability
Reassure America’s financial strength and stability are cornerstones of our unwavering commitment to policyholders. Our exceptional ratings by independent agencies attest to our robust financial position and unwavering ability to fulfill our obligations.
These ratings serve as a beacon of confidence for our policyholders, assuring them that their financial future is in safe hands. They underscore our commitment to long-term financial health and the ability to withstand economic headwinds, providing peace of mind and security.
Financial Performance
Our financial performance over the years stands as a testament to our prudent management and unwavering commitment to policyholder protection. We have consistently maintained a strong capital position, exceeding regulatory requirements and ensuring our ability to meet future obligations.
- Capital Surplus: Our capital surplus has grown steadily over time, providing a robust cushion to absorb potential losses and ensuring the security of our policyholders’ premiums.
- Investment Performance: Our investment portfolio is diversified and managed by experienced professionals, delivering consistent returns that support our financial stability and allow us to offer competitive premiums.
- Claims Paying Ability: We have a proven track record of promptly and fairly paying claims, maintaining a high claims-paying ratio that demonstrates our commitment to our policyholders.
Customer Service and Support
Reassure America places high priority on customer satisfaction. The company offers multiple channels for customers to access support, including phone, email, live chat, and an online customer portal.
Reassure America’s customer service team is highly trained and experienced, ensuring timely and effective resolution of customer inquiries. The team is available 24/7 to assist with policy-related questions, claims processing, and any other customer needs.
Testimonials
“I was so impressed with the customer service I received from Reassure America. My agent was incredibly helpful and patient, and they resolved my issue quickly and efficiently.” – John Smith, Satisfied Customer
“I had a claim recently, and the claims process was seamless. The team at Reassure America was very supportive and kept me informed throughout the entire process.” – Mary Jones, Satisfied Customer
Industry Recognition and Awards
Reassure America has consistently been recognized for its excellence in the insurance industry. These accolades serve as a testament to the company’s commitment to providing exceptional products and services.
The company’s achievements have earned it a reputation for innovation, financial stability, and customer-centricity. These awards have not only enhanced Reassure America’s standing in the industry but have also contributed to its growth and success.
JD Power Awards
- Reassure America has received multiple JD Power Awards for its outstanding customer satisfaction in the life insurance category. These awards are based on customer feedback and recognize the company’s ability to meet and exceed policyholder expectations.
- The JD Power Awards are highly respected in the industry and serve as a benchmark for customer satisfaction. Reassure America’s consistent recognition in this area demonstrates its commitment to providing exceptional service.
AM Best Financial Strength Rating
- Reassure America has maintained an AM Best Financial Strength Rating of A (Excellent) for over a decade. This rating reflects the company’s strong financial position and its ability to meet its policyholder obligations.
- The AM Best Financial Strength Rating is a key indicator of an insurance company’s financial stability and reliability. Reassure America’s consistent A rating provides assurance to policyholders that their financial future is secure.
Community Involvement and Social Responsibility
Reassure America recognizes the importance of giving back to the communities it serves. The company is deeply committed to making a positive impact through various community initiatives and social responsibility programs. These initiatives align seamlessly with Reassure America’s core values of integrity, compassion, and service.
Philanthropic Contributions
Reassure America actively supports a wide range of charitable organizations, focusing on education, healthcare, and social services. The company’s annual philanthropic contributions have made a significant difference in the lives of countless individuals and families.
Volunteerism
Reassure America employees are passionate about making a difference in their communities. The company encourages and supports employee volunteerism through paid time off and matching gift programs. Employees have dedicated countless hours to local charities, soup kitchens, and youth mentoring programs.
Environmental Stewardship
Reassure America is committed to environmental sustainability. The company has implemented eco-friendly practices in its operations, reducing its carbon footprint and promoting conservation. Reassure America also supports organizations dedicated to protecting the environment and preserving natural resources.
Community Partnerships
Reassure America believes in fostering strong partnerships with local organizations to maximize its impact. The company works closely with community leaders, nonprofits, and educational institutions to identify and address critical needs in the communities it serves.
Impact on the Community
Reassure America’s community involvement and social responsibility programs have had a profound impact on the communities it serves. The company’s philanthropic contributions have funded essential programs, employee volunteerism has strengthened local organizations, and environmental stewardship has protected the planet for future generations. By investing in the well-being of its communities, Reassure America is fulfilling its mission to provide not only financial security but also a brighter future for all.
