Unum Life Insurance

The Unum Life Insurance Company of America was founded in 1848 and is now one of the largest insurance companies in the world.  It formed the Unum Corporation in 1986 when it converted to public ownership. It was first named as the Union Mutual Life Insurance Company but changed its name after the merger with Provident Life and Accident Company of Chattanooga. In 2009 it was named by Ward's List rating as one of the 50 top Life Insurance Companies. The Company's headquarters are in Chattanooga, Tennessee and in 2008 had in excess of 9 billion dollars as revenue.  Thomas R Watjen is the current president and CEO.  It now employs more than 10,000 people and provides insurance to cover employee benefits, critical illness, disability insurance, life insurance and long-term care insurance. It is the largest Insurance Company offering disability insurance in the world. It became a leader in disability insurance when it merged with the Provident Life and Accident Insurance Company who insured many people who worked in sawmills and coal mines that other Insurance Companies wouldn't insure.  When Unum and Provident merged in 1999 it became known as the Unum Provident Corporation but in January 2007 shortened its name to Unum as well as a new logo in April 2007.

Today the Company is one of America's oldest Insurance Companies and offers insurance to cover many products.  They offer life insurance options to suit different peoples' circumstances.  A Permanent Life Insurance is usually paid by premiums each month and the policy only matures upon the death of the person who is insured. The beneficiary will then be able to claim a lump sum of money together with any bonuses that the policy has accumulated.  The Insurance Company will need to see a death certificate and a claim form must be filled in.  Other Life Insurance options include Whole Life and Universal Life Insurance.  These work in different ways and can help people by building up cash value at the same time as covering someone's life.  It can also be a way of protecting assets and saving towards retirement. It can be difficult to decide which is the most suitable but Unum can offer good financial advice to help people make the right decision.  They recognise that everybody's circumstances are different and make sure that the policy that is chosen is the right one.  An application form must be filled in where questions are asked regarding a person's age, health, occupation and family history. Depending on the answers given the Insurance Company will be able to give a quote as to what the premiums will be.  A young healthy person will pay much less than someone who is older and not so fit. Unum is a reliable and reputable Insurance Company with many years experience in providing insurance cover for the people of America.