Columbian Life Insurance Company
Columbian Life Insurance Company
If you are searching for a life insurance company that has over a century of experience behind it, it has got to be Columbian Life Insurance Company. Founded in 1851, it is one of the oldest and most stable insurance company in the United States.
It all began in 1882 when Columbian Mutual Life Insurance Company was incorporated as the American Protectibe Association in Brooklyn, New York. The name was changed to Columbian Protective Association and was transferred to Binghamton, New York in 1907. In 1952, Columbian Protective was mutualized and changed its name to the Columbian Mutual Life Insurance Company.
It was during the 1990s when Columbian established its own stock life insurance company under the name Columbian Life Insurance Company, which is based in Illinois. After only a few years, Columbian Life has expanded its business in 45 states.
In 2007, Columbian Life celebrated its 125th year in business and merged with Farmers and Traders Life Insurance Company, another mutual insurer. With the merger, the organization reached the $1 billion mark in assets and $70 million in surplus .
Throughout its history, Columbian Life had consistently maintained its exceptionally strong investment portfolio, providing its members with financial strength and its ability to meet its obligations to the policyholders. Its mission is to earn its customer’s trust as the insurance company with a strong past and would secure its members’ future.
The company is headed by chairman, president, and chief executive officer Thomas Rattmann. Together with other officers both for Columbian Mutual Fund and Columbian Life, the team works to maintain the excellent history of the company, as well its financial strength and stability.
Columbian Life is an integral part of Columbian Financial Group of Companies. Its parent company has maintained a solid financial and investment position in the industry. Throughout its existence, the company has met its obligations to its policyholders.
As a sign of financial strength and stability, the company was rated A- (Excellent) by A.M. Best. The rating is the fourth highest of the sixteen possible ratings on A.M. Best’s scale. The ratings were based on information from June 2010.
Columbian Life offers products that are consumer-oriented designed for family and business life insurance needs. Its products include Home Service, Ordinary (Universal Life, Term, Whole Life), Pre-need, Final Expense, and Senior Plans. These products were designed with the members in mind. The company is committed to providing value to its policyholders and strives to meet the needs, both everyday and long-term, of its clients and those close to them.
The company offers its policy holders with a supportive customer service. Its knowledgeable staff members are always ready to answer customer queries and concerns anytime they need it. Client satisfaction is its topmost target.
Columbian Life has maintained an extremely strong financial position .Based on its financial statements for the first quarter of 2010, the company’s assets is at $246,245,129; its liabilities, $227,962,045; and total stockholders equity, $18,284,084.
Like the other affiliates of Columbian Financial Group, Columbian Life has been built with a foundation of value, service and dependability that its members can trust.
So, if the history of an insurance company is an important consideration in choosing a reliable insurer, then Columbian Life Insurance Company is the insurance of choice.