AmerUS Life Insurance Company Review

AmerUS Life Insurance Company has been a leading provider of life insurance policies in the United States. Its main website informs customers that the company started in the year 1896 when it was founded as a Central Life Insurance Company. Although the company itself did not grow very large early on, over the years it gained the people it needed to operate successfully and succeed in becoming a leading life insurance company in the United States. It wasn’t until 1996 that the company acquired the name AmerUS Life Insurance Company and at that time they began to organize as a stock insurance company.

Things continue to grow and after the year 2000 they acquired Indianapolis Life Insurance and eventually closed the year with an estimated $21.5 billion in assets. The big news about AmerUS came in 2006, when AmerUS and Aviva Corporation signed an agreement whereby Aviva acquired them, paying $69 per share in cash. This meant that all of their operations would be combined and the company would be headquartered in Des Moines, Iowa.

Life insurance in the United States is just beginning to be a big thing. In the past, no one thought life insurance was the right thing to do, and some people thought buying it would be a waste of money. With current events like 9/11, Americans have come to their senses and realized that accidents can happen to anyone at any time, and for that reason, it’s always better to be prepared.

With the life insurance market on the rise, it’s no surprise that more and more life insurance companies are being created. With so many companies it is difficult to know which one is the best for you. That’s why a customer should always try to shop around, whether online or in person. If you locate a company that you think might be the right one and when you compare their price to other companies, you find that they are not that expensive, and then you will feel much more confident signing with them.

When you try to log in to the main AmerUS website, you will be directed to a letter from Aviva Life Insurance Company. Since both companies have been combined and are managed under the Aviva name, it is important to know them. Aviva is the fifth largest insurance group in the world and is the largest provider of life insurance in the UK. The company is huge, employing some 58,000 people who serve some 35 million customers around the world. It is one of the strongest life insurance and long-term services products companies with assets of more than $600 billion and more than $65 billion in sales. The company itself is based in London, England and its history dates back to the year 1696. This means that the company is over 300 years old and for this reason it has worldwide recognition and fame that not many others can claim.

AmerUs Life Insurance Company (now called Aviva Life and Annuity Company) offers many life insurance products that can help someone establish financial security for the future in the event of an unexpected death. Some of the products offered by this company in the United States are Indexed Life Insurance, Universal Life Insurance, Single Premium Life Insurance, Indexed Survivor Universal Life Insurance, Level Premium Term Insurance and Whole Life Insurance with Excess Interest.

index life insurance: This type of life insurance allows people to have flexible payment options and death benefits. The good thing about this type of policy is that it provides cash value accumulation based on how the major market indices grow. It is also good to note that this type of policy also protects the policy from the risks of a bear market and falling indices. If you buy what Aviva calls the “non-forfeiture guarantee rider” in your “Advantage Builder” part of the policy, the death benefit in the policy can be extended for the life of the insured person.

Universal Life Insurance: This type of life insurance is a very common type of permanent life insurance in the American market. This type of policy will actually specify the amount a beneficiary of the policy receives within certain minimum and maximum limits. This will allow the policyholder to actually purchase the amount of life insurance that he or she prefers.

Unique Premium Life: This type of policy is unique in that the person will only pay a single premium for a death benefit that will actually last a lifetime. This is primarily designed for people who have savings or who need cash when they have an emergency.

Indexed universal life insurance for survivors: This type of life insurance company is one in which two lives are insured (more than likely a couple) and the benefit is paid after the death of the second person. In other words, if a husband dies before his wife; the policy will not be reimbursed to the beneficiary. It also has the potential to accumulate cash value that will ultimately be passed on to the beneficiary after both people on the policy pass away.

Level premium term insurance: Perhaps the most famous type of life insurance in the United States because it is not permanent. This type of insurance simply allows the policyholder to have protection for a specified period of time. At AmerUS (now Aviva) people can buy 10, 15, 20 or 30-year policies depending on their needs. This type of policy does not accumulate cash value, but will pay the beneficiary the amount the policyholder purchases in the event of the policyholder’s death.

Whole life insurance with excess interest: These products are made to ensure that professionals, business owners, individuals and executives get what they need from the life insurance industry. What this type of policy does is give you fixed premiums and guarantees death benefits.

As you can see, AmerUS has gone far beyond what many life insurance companies have achieved. With the joint help of Aviva of North America, these two companies have taken the US life insurance market to a whole new level. To decide if AmerUS and Aviva may be a good life insurance option for your needs, be sure to carefully research your options with an Aviva-licensed life insurance agent.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *