State Life Insurance Co
A Life Insurance Company is a company or entity, usually a corporation, that offers individual and family coverage. It can be classified as either a limited company or a corporation.
State Life: The State Life insurance Company offers various products that combine health care benefits, Long Term Care insurance, and other special benefits. State Life is a member of an organization called OneAmerica Financial Group, Inc. (a New York Stock Exchange listed company) that in turn is part of an affiliated New York mutual insurance firm called American Universal Life Insurance Group.
The company was started by Joseph J. Caputo, a stockbroker from New York City, who purchased the State Life Insurance Company from American Universal Life in August 1999. The company had two branches: One was in New Jersey, and the other was in Texas. State Life now has a branch in California as well.
In addition to its branch in Texas, OneAmerican Financial Group offers policies in Maryland, North Carolina, Pennsylvania, Washington, and Wisconsin. The company offers policies under the names' Health Insurance, Long Term care Insurance, and Comprehensive Insurance. Some of its policies are available through employers, while others are sold through independent agents. Its business plan is based on a competitive fee structure, risk retention, and competitive cost.
The company was not established to offer insurance only but to offer all types of insurance as well. In fact, it offers all kinds of coverage for business entities and individuals. State Life also provides a complete package of services, including medical, legal, and administrative services.
As stated above, OneAmerican Financial Group is also affiliated with an independent insurance firm called American Universal Life. This company is a unit of Anheuser Busch InBev.
OneAmerican Financial Group is an affiliate of Anheuser Busch InBev. OneAmerican Financial Group offers two different forms of Life insurance in addition to the State life insurance Company's policies, namely: Term Life Insurance and Whole Life Insurance.
OneAmerican Financial Group's Whole Life Insurance is designed to provide a premium rate guarantee to its policy holders. for a predetermined amount of time determined by the policyholder. OneAmerican Financial Group has plans are available in the following terms: Whole Life, Universal Life, and Variable Universal Whole Life.
Term Life Insurance is a type of life insurance policy that pays a cash death benefit to a beneficiary upon the policyholder's death. There are two different types of term policies - one is the Fixed Term Policy and the other is the Adjustable Term Policy. A fixed term policy pays a specified death benefit and the beneficiary receives the death benefit upon the policyholder's death. On the other hand, an adjustable term policy pays a lump sum death benefit after a predetermined period of time. The lump sum death benefit depends on the death benefits and premium rates paid in relation to the policyholder's age at the time of death.
Whole Life Insurance is designed to pay a death benefit to a beneficiary upon the policyholder's death and pay out a cash death benefit on the policyholder's death. The cash death benefit is paid when the insured dies without any kind of annuity, or deferred annuity payments.
Variable Universal Life Insurance is designed to pay the insurance premium upon the death of an insured and there is an optional option to pay the premium by periodic payments over time, or upon death of the insured and the policyholder's beneficiaries. Variable Universal Life Insurance also allows the policyholder an automatic increase in premium, in case the insured does not qualify for the initial premium. Variable Universal Life is a form of insurance that are tax-deductible, and can be a self-directed IRA.
State Life Insurance Company provides its customers with insurance that covers a wide variety of needs. It provides a comprehensive set of services, including: Medical, Legal, and Administrative services. They also provide insurance for small business entities.
egg-insurance.com is licensed to sell insurance in the State of Georgia, Massachusetts, Arizona, California, Texas, and New Jersey. It is a member of the National Association of Insurance Commissioners (NAC).