Bankers Life and Casualty
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UPDATED: Aug 20, 2020
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Company History: The Hotel Men’s Mutual Benefit Association was founded in 1879. In 1942 John D. MacArthur merged his companies (Hotel Men’s Mutual Benefit Association, the Illinois Standard Life Insurance Company and Bankers Life and Casualty Company) under the “Bankers” name. Founded 1879, Bankers Life and Casualty Company is today one of the largest U.S. insurance companies to specialize in the needs of senior Americans. The company has over 250 offices nationwide and serves over 1.4 million policy holders. In 2013, Bankers paid out $1.4 billion in policy benefits.
Principle Sales Methods: National sales force of career agents. Bankers currently employs more than 5,000 career agents.
Life Annuity Business: Bankers Life & Casualty offers term, whole, and universal life insurance products.
Health Business: Bankers offers medicare supplemental insurance, long-term care and home health care, medicare’s prescription drug coverage and medicare advantage.