Union Central Life Insurance Company
Recently Merged to Form UNIFI
In January of 2006, Union Central Life Insurance Company merged with Americas Life Insurance Company and Acacia Life Insurance Company to for UNIFI Mutual Holding Company. The companies will retain their individual identities, but both the companies and their clients will benefit from their combined financial strength. They plan to extend and enhance all their insurance and financial products. Union Central Life has total assets of $6.5 billion, with net life insurance of $33 billion.
The Union Central Life Insurance Company was formed in Ohio, in 1867, and was the first domestic life insurance company licensed in the state of Ohio. It has grown until it is one of the ten largest mutual insurance companies in the US. Today, it is a proud member of IMSA, and is licensed in all 50 states, plus the District of Columbia.
Union Central Life Insurance Products
Union Central Life offers a full line of insurance and financial products, including life insurance and annuities, disability insurance, mutual funds, investments, retirement plans, and worksite benefits. Its life insurance products include the following:
- Whole life insurance
- Term life insurance
- Variable life insurance
- Flexible premium variable universal life insurance
- Universal life insurance
- Equity-indexed universal life insurance
- Second-to-die universal life insurance
The Keystone Term life insurance product is Union Central Life Insurance Company’s term life offering. It has the following features:
- Good option for young families at their most vulnerable time because of economical rates compared to the same rates for whole life
- Level term offerings for one, ten, fifteen, twenty, or thirty years
- All policies are annually renewable to age 100
- May convert to a permanent life plan using credits built into the term plan
- Good option for the business with limited term needs or to insure a key employee
Financial ratings for Union Central Life
A.M. Best: A
Fitch: A
Standard and Poor’s: A+
The financial strength of a company and potential for prolonged survival are represented by the above ratings.
Union Central Life Insurance Company Information
1876 Waycross Road
Cincinnati, IH 45240
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