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Home > Health Insurance > Life Insurance > Union Labor Life Insurance Company
Union Labor Life Insurance Company
Union Labor Life Insurance Company traces its roots back to the 1920s, a time when work safety laws were not in place and many Americans worked in hazardous jobs. Railroads, construction sites, factory work all of these jobs presented too much risk for many companies' underwriters. Life insurance was either priced out of reach of workers, or insurance companies denied coverage because of the risks associated with their jobs. In 1927, The Union Labor Life Insurance Company began operations as a union owned insurance company. Its mission was to provide affordable life insurance for union workers and their families.
The Company is the nation's only fully unionized provider of multi line insurance, financial services and administrative products. They are committed to enhancing the quality of life of the hundreds of thousands of working men and women who benefit from their products. From competitively priced insurance to sophisticated investment instruments, Union Labor Life has the products and services labor needs now. Union Labor Life has established a distinctive competency and earned credible market presence in the areas of group life and health insurance, care management, administrative services, individual life insurance, direct response marketing and investment services.
That very day, they took steps to accelerate processing the claims they were to receive as a result of those terrorist attacks. They paid out more than 1.3 million dollars in claims to beneficiaries whose insurance coverage came about because of union membership. Many were the survivors of hard working individuals new to this country. They have approximately 21 billion dollars in life insurance in force.
The Union Labor Life Insurance Company and Trust Fund Advisors, Investment Services offers a broad range of high quality, top performing investment products to institutional investors. Health Insurance, including traditional indemnity coverage, preferred provider organization networks, and care management offers working Americans security against the uncertainty of paying huge sums out of pocket for doctor, hospital and ancillary expenses.
Now, more than 75 years later, The Company continues to serve its single most important client, the American labor movement. With products that provide life, health and fiduciary insurance as well as investment jewels like Jobs Funds which puts union investment to work making a sound return and creating hundreds of good union construction jobs, The Company continues to lead the way.
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