Bankers Life and Casualty Company has been operating for roughly 130 years providing individuals and families protection for their finances and guidance as they map out their retirement. The company has a wide ranging portfolio of economical and high quality life insurance, health plans, annuities, and other financial products.
Bankers Life and Casualty Company operates from over 250 stations across the United States with over 4,800 agents and brokers who reside and operate in the neighborhoods that they serve. These agents put in the effort to get to know their customers to be able to better assess their requirements. They are dedicated to helping customers provide a secure future for themselves and their loved ones.
Bankers Life and Casualty Company operates on the values of integrity, teamwork, excellence, and customer focus. These values have seen the company through its rich history and have been distilled to enable the company to reach out to middle-class American customers, whose values run parallel with the company's. The company's efforts to imbibe the value of integrity in all its dealings ensure that it has only the highest standards of fairness, ethics, and social responsibility. The company is constantly above board and straightforward, and it adheres to the spirit and the letter of the law. It continuously works on ensuring that its words and actions are always consistent as it complies with regulations, laws, and its own corporate policies.
Bankers Life and Casualty Company works with the sense of urgency needed in today's market. The top quality products, services, as well as business processes ensure that every customer is protected against financial or economic upheavals. The company loves to compete in the marketplace and is very confident in its industry leadership.
Bankers Life and Casualty Company values the importance of moving as a team by always giving priority to the enterprise over any single unit, department, function, or individual interests. The company places a high value on its diverse teams that take ownership of the work and creates the atmosphere of collaboration, participation, and commitment. The company makes sure that its teams act in the best interest of the customers at all times.
Customer focus is one of the company's strong suits. It thrives on improving the financial situation of its customers by putting them first in all the decision making and actions taken. Through the years, the company has learned to anticipate the needs of its policyholders and has responded to these needs with products and services that will put them ahead in their financial planning.
Bankers Life and Casualty Company's history began in January 1879 with the launch of its predecessor, the Hotel Men's Mutual Benefit Association of the United States and Canada. Owner John D. MacArthur decided to merge Hotel Men's Mutual Benefit Association with the Illinois Standard Life Insurance Company and Bankers Life and Casualty Company, under the "Bankers" brand name in 1942. MacArthur's specialty is in protecting the interests of American manufacturers. He also picked up valuable lessons from these companies, particularly in the way they promoted their brands. He then endeavored to reduce the cost of insurance to make it affordable to middle income families in the United States. The company employed direct mail marketing to introduce and offer its products to the population. By 1956, Hotel Men's Mutual Benefit Association has grown to be the largest individual health and accident insurer in the country. In the 1960s, the company diversified its product lines this time concentrating on the senior market by providing retirement solutions. Just after the passage of the Medicare law, the company has become a pioneer in offering Medicare supplemental insurance plans.
Hotel Men's Mutual Benefit Association's outlook for the future is immense growth. It will continue to focus on the financial security of the senior market and retirees. Its portfolio will continue to include long-term plans in health care, life, annuities, and prescription drug coverage. The company is always prepped from growth and innovation to keep abreast with the ever changing needs of its customers. It is also dedicated to providing stability and strength to its customers enabling them to remain healthy, financially comfortable, and independent especially in their advanced age.
Hotel Men's Mutual Benefit Association will also continue to offer: annuity products that are shielded from market fluctuations and economic downturns; and annuities that are designed to ensure the financial future of its customers and their families.