Pennsylvania Life Insurance Company
Pennsylvania Life Insurance Company
2020 Ardmore Blvd
Pittsburgh, PA 15221
A subsidiary of Universal American, Pennsylvania Life Insurance Company is a life insurance provider located in Pittsburgh, Pennsylvania. The company was founded as an old-line, legal reserve enterprise in 1890 and has evolved to become one of the biggest carriers of specialty disability income insurance for blue-collar and self-employed citizens. Incorporated in 1948, Pennsylvania Life underwrites, markets and serves an extensive variety of insurance coverage including life, accident and health.
At present, the company has more than 100 offices throughout the United States. Pennsylvania Life is licensed to do business in 49 states and the District of Columbia. It has more than one billion dollars of insurance in force and more than half a million policyholders. The company manages more than 2,600 claims and pay a total of $4,500,000 in benefits for all insurance products every month. Pennsylvania Life has assets of $1,102,684,796, capital of $4,594,600, and net surplus of $120,896,036.
Pennsylvania Life has kept its promise since its establishment: to provide customers with the coverage they need when they need it most. The company is committed to helping the country’s senior citizens and self-employed workers protect themselves and their families with asset protection, asset accumulation and health preservation plans.
Excellent customer service is an advantage of Pennsylvania Life. The company has made significant investments in technology to provide its policyholders with top-quality, approachable service. It offers a website focused on state-of-the-art technology where clients can find everything they need. In addition, the company’s devoted insurance professionals have built their success on Pennsylvania Life’s commitment to integrity, principles and high ideals. These professional sales representatives have a plan that’s right for their clients. Customers are provided with personal attention they need and the respect they deserve.
The policies offered by Pennsylvania Life have evolved as the insurance needs of the company’s clients have evolved. It now offers a complete range of insurance products offering security and freedom to individuals and families. Pennsylvania Life’s comprehensive portfolio of solutions for seniors comprises health and asset protection. This includes Medicare supplement insurance, Medicare advantage, Part D prescription drug, life insurance, acute care, senior dental, and hospital indemnity insurance. Medicare supplement insurance offers traditional medical coverage for expenses not included in Medicare, such as co-payments, deductibles and outpatient expenses. Medicare advantage consists of Medicare health insurance coverage, while Part D prescription drug are stand-alone prescription drug plans that provide protection against the high cost of prescription drugs.
The company’s life insurance includes secure guard, which is a simplified issue for seniors providing benefits for final expenses, such as funeral and burial costs. Acute care insurance is a versatile coverage for short-term and recuperative care, while senior dental insurance consists of dental coverage that is specially designed for seniors. Hospital indemnity insurance is designed to help cover the rising cost of hospital confinement. Pennsylvania Life also provides income protection products such as accident and sickness protection. This policy provides coverage in the event of accident and/or sickness, disability, hospitalization, surgery or accidental death.
As of April 2010, Pennsylvania Life’s rating from A.M. Best, is B++ or good. A.M. Best’s financial strength rating is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations, and is based on a comprehensive quantitative and qualitative evaluation of a company’s balance sheet strength, operating performance and business profile.