Company type | Subsidiary of Protective Life Corporation |
---|---|
Industry | Life insurance |
Founded | 1961 |
Defunct | 2012 |
Fate | Merged |
Successor | Protective Life Corporation |
Headquarters | , |
Area served | United States |
Key people | John D. Johns (President and CEO) |
Products | Supplemental health insurance and life insurance |
Revenue | US$ 397.9 million (2008) |
Parent | Protective Life Corporation |
Rating | A (Excellent) (AM Best 2010) |
Website | www |
United Investors Life Insurance Company (UILIC) was an American life insurance company based in Birmingham, Alabama. It provided individual life insurance and annuity products. The Company became a wholly owned subsidiary of Protective Life Corporation in 2010 and was eventually merged with its parent company. [1]
As of 2010 [update] , UILIC had more than $14 billion of insurance in force with more than 150,000 policies and 1,400 licensed Agents nationwide. At that time, United Investors Life Insurance Company held the A (Excellent) Financial Strength Rating from AM Best. [2]
United Investors was founded in 1961. [3]
Prior to October 1981, all outstanding stock of United Investors Life was held by Waddell & Reed, Inc. (90 percent), the distributor and manager of the “United Group” of Mutual Funds, and its parent, Continental Investment Corporation (10 percent), a financial services holding company. At that time, Torchmark Corporation, through a subsidiary, acquired all three companies.
In the first quarter of 1998, 81 percent of United Investors Life was acquired by affiliate company, Liberty National Life Insurance Company. The remaining 19 percent was contributed by Torchmark to Liberty National in 2006. [4] In December 2010, Torchmark sold United Investors Life to Birmingham, Alabama-based Protective Life Corporation.
The United Investor Life brand was discontinued around 2012.
Safeco Insurance is an American "insurance" company based in Seattle. A subsidiary of Liberty Mutual, Safeco provides auto insurance, homeowners insurance, and liability insurance. The company name is an acronym for Selective Auto and Fire Ensurance Company of America, or SAFECO.
Zurich Insurance Group Ltd is a Swiss insurance company, headquartered in Zürich, and the country's largest insurer. As of 2021, the group is the world's 112th largest public company according to Forbes' Global 2000s list, and in 2011, it ranked 94th in Interbrand's top 100 brands.
Prudential Financial, Inc. is an American Fortune Global 500 and Fortune 500 company whose subsidiaries provide insurance, retirement planning, investment management, and other products and services to both retail and institutional customers throughout the United States and in over 40 other countries. In 2019, Prudential was the largest insurance provider in the United States with $815.1 billion in total assets.
Genworth Financial, headquartered in Richmond, Virginia, provides life insurance, long-term care insurance, mortgage insurance, and annuities.
Lincoln National Corporation is a Fortune 200 American holding company, which operates multiple insurance and investment management businesses through subsidiary companies. Lincoln Financial Group is the marketing name for LNC and its subsidiary companies.
AmSouth Bancorporation was a banking company headquartered in Birmingham, Alabama, and operated for its final year in existence as a bank holding company (subsidiary) of Regions Financial Corporation after a merger between the two banks. AmSouth was previously known as First National Bank of Birmingham, which was first organized by Charles Linn in 1872. AmSouth was in the financial services industry and at its peak employed over twelve thousand people.
Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.
Regions Financial Corporation is an American bank holding company headquartered in the Regions Center in Birmingham, Alabama. The company provides retail and commercial banking, trust, stock brokerage, and mortgage services. Its banking subsidiary, Regions Bank, operates about 2,000 automated teller machines and 1,300 branches in 15 states in the Southern and Midwestern United States.
Great-West Lifeco Inc. is a Canadian insurance-centered financial holding company that operates in North America, Europe and Asia through five wholly owned, regionally focused subsidiaries. Many of the companies it has indirect control over are part of its largest subsidiary, The Canada Life Assurance Company; the others are managed by Great-West Lifeco U.S. LLC, a U.S. based subsidiary. Great-West Lifeco is indirectly controlled by Montreal billionaire Paul Desmarais Jr. through his stake in the Power Corporation of Canada, which owns 72% of Great-West Lifeco. The hyphen in the company's name was originally a typesetter's error.
Protective Life Corporation is a financial service holding company in Birmingham, Alabama. The company's primary subsidiary, Protective Life Insurance Company, was established in 1907 and now markets its products and services in all 50 states. As of December 31, 2023, the corporation has more than 3,800 employees, annual revenues of $6.6 billion and assets of $118.4 billion. In addition to Protective Life Insurance Company, Protective Life Corporation's subsidiaries include West Coast Life Insurance Company, MONY Life Insurance Company, Protective Life And Annuity Insurance Company, Concourse Financial Group, and Protective Property and Casualty Insurance Company.
Globe Life (GL) is an American financial services holding company listed on the New York Stock Exchange which operates through its wholly owned subsidiaries providing life insurance, annuity, and supplemental health insurance products. The company is based in McKinney, Texas.
ProAssurance Corporation, headquartered in Birmingham, Alabama, is a property and casualty company that sells professional liability insurance to doctors. The company was founded in 1976 as Mutual Assurance and was later renamed to Medical Assurance in 1997. The name "ProAssurance" was created in 2001 when Medical Assurance merged with Professionals Group. The company is currently the fourth largest medical professional liability insurance writer and has over $6 billion in assets.
Globe Life, based in McKinney, Texas, provides life and health insurance coverage nationwide, and has earned the A (Excellent) Financial Strength Rating as of June 2020. Globe Life and Accident Insurance Company has executive offices in Oklahoma City and McKinney, TX and is a subsidiary of Globe Life.
Globe Life Insurance Company of New York is an American insurance company based in Syracuse, New York. The company is a subsidiary of financial services holding company Globe Life, based in McKinney, Texas.
Ronald K. Richey was the chairman, president and chief executive officer of Torchmark Corporation.
Blue Cross and Blue Shield of Alabama (BCBSAL) is a nonprofit health insurance company headquartered in Birmingham, Alabama. The company was founded in 1936, provides coverage to more than 3 million people and is a member of the Blue Cross and Blue Shield Association (BCBS). BCBSAL employs nearly 5,000 people, which includes almost 3,500 people at its corporate headquarters in Birmingham. The company also operates Cahaba Government Benefit Administrators and Cahaba Safeguard Administrators, both headquartered in Birmingham. It commands over 90 percent of the health insurance market in Alabama, a state with half a million uninsured people, one of the highest uninsured rates in the nation at 10 percent of the population.
Cadence Bank was a US-based bank with 99 branches in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas. The bank was based in Atlanta, with executive and operations headquarters in Birmingham, Alabama. It was the primary subsidiary of Houston, Texas based Cadence Bancorporation, a bank holding company.
The Birmingham metropolitan area, sometimes known as Greater Birmingham, is a metropolitan area in north central Alabama centered on Birmingham, Alabama, United States.
Lowe is a real estate investment firm based in Los Angeles. Since its founding, the company has acquired, constructed, or managed more than $21 billion in real estate assets. Its subsidiary, Destination Hotels & Resorts, was the third largest hospitality management company in the United States in 2013.