Assurity Life Insurance

Assurity Life Insurance Company
1526 K St.
Lincoln, NE
68501 United States

In 2003, three Nebraskan companies, Security Financial Life, Lincoln Direct and Assurity Life, merged to form the Assurity Life Insurance that we know of today.  The oldest of these companies was established in August 11, 1890.  Together, these three stood hard against the financial turmoil that passed through the Great Depression, World War I, and World War II. These companies served Eastern Nebraskan communities before making Lincoln their permanent headquarters.

Assurity Life, a subsidiary of Assurity Security Group, provides for individual and group life insurance, annuity products, disability income protection.  The company has an estimate of 420,000 customers all over the United States.  A special product is in the form of critical-illness policies, which provide for lump-sum payouts.

Today the company is a diverse financial organization that has license to operate in the District of Columbia and in all 49 states in the US.  Company heritage is a primordial consideration and helps direct business strategies in its commitment to provide financial stability.

Assurity specializes in protection-based financial solutions and are tailored for every individual’s needs and tailored to suit each individual’s lifestyle and businesses. This is because the company believes that protection is unique to each individual.

Without any governmental support, the company’s capital grew to 14.2 percent in 2009 thereby making it one of the strongest in the insurance industry. A.M. Best Company presented Assurity with a rating of A- (Excellent) with an outlook that is stable.  At the end of 2009, its risk-based capital was 584.2 percent compared to the industry’s average of 381 percent.

Assurity’s portfolio on mortgages is broadly divided into property types and geographical locations, which holds up well during difficult periods in the economy. Exposure to structured investment products are absent thus providing for no volatility of products presented in the market.  This is because the company believes that these kinds of products might eventually lead to significant losses in the future.

The company’s board of directors are Thomas E. Henning, CFA (Chairman, President and CEO), David T. Wallman, FLMI (Senior Vice President, Chief Actuary), Todd W. Reimers, LLIF (Senior Vice President, Chief Marketing Officer),   Susan L. Keisler-Munro, FSA, (Senior Vice President, Chief of Operations),  Richard D. Cruise, MAAA (Vice President, Assurity Direct Sales), Roseann R. Christensen, ChFC (Vice President, Marketing Services), Carol S. Watson, J.D., CLU, FLMI (Vice President, General Counsel and Secretary), William R. Schmeeckle (Vice President, Chief Investment Officer),  Marvin P. Ehly, MAAA(Vice President, Chief Financial Officer and Treasurer), Janice A. Zoucha (Vice President, Human Resources), Kathy L. Giddings (Vice President, Business Sales), Patrick J. Kenney, CLU, ChFC (Vice President, Regional Sales Manager), and Douglas B. Hamm, CLF(Vice President, Individual Sales).

The senior directors are Kevin G. Faltin, CPA (Senior Director and Controller), Victor D. Weber, CFA, ChFC (Senior Director, Investments), Kevin W. Hammond, CLU, FLMI (Senior Director, Investments),  Keith K. Spilker, FSA, MAAA, CLU, ChFC (Senior Director, Corporate Actuarial), Steven H. Hill (Senior Director, Real Estate Lending and Investments), and Eric L. Otterstein (Senior Director, Information Technology).