Providian Life And Health Insurance Company in Louisville To emphasize this connection, the firm was named after the Commonwealth of Kentucky. We're a global health service company. Date Authorized in California: 1956-12-31. WebSaint Louis, MO 63146 (314) 851-5500 Worldwide Insurance Company is a property and casualty insurer based in Missouri. BBB Business Profiles are subject to change at any time. I have a life and health insurance and the policy number is Mehta was named chairman and CEO of the company, while Bailey became vice-chairman of AEGON. We do not offer a complete list of Medicare plans available in your service area and we do not represent all carriers. The acquisition enabled NFP to access new markets with the addition of new life and health products. These suits clouded the company's future, but the turnaround seemed to be proceeding apace, particularly given that there had been much speculation in late 2001 that the company would be sold or would be forced into bankruptcy. Commonwealth watched with more than a casual interest as one of its competitors in Alabama, Liberty National Life Insurance Company, successfully marketed burial insurance policies that also provided for the funeral service to be handled by a funeral home owned by the company. We are a health insurance company that acts as a broker for a select variety of health insurance plans and carriers. In 1987, as it strengthened its hold on the moderate-income segment of the marketplace, the company sold its Georgia International Life Insurance Company subsidiary, which focused primarily on higher-income households. It found that its existing industrial insurance benefits were no longer competitive and the methods by which premiums had been calculated were out of date. - 40 Hours per Week Guaranteed. Phone: (800) 252-1053 Fax: (610) 648-5600 P.O. Learn more 1042957-00002-00 The company offers both individual and group plans All other marks contained herein are the property of their respective owners. He believed that the company's strength was its ability to sell products to the middle-income bracket of the market. These policies are again provided by Monumental Life Insurance. During this period, the company was led by Darwin Johnson, who had succeeded an ailing Joshua Powers as president in 1922. Commonwealth continued to experience problems in hiring additional general agents because of a lack of attractive sales incentives and a narrow product line. Alice's annuity imposes a declining surrender charge that begins at 7 percent during the first year of the contract and declines 1 This strategic move has proven beneficial for both parties as it has given NFP access to valuable resources that have helped them grow their business while providing better service for customers of Providian Life and Health Insurance Company. Life Investors Insurance Company of America (LIICA) was a large insurance company that went bankrupt in 2013. Blue collar unemployment drove the weekly premium insurance business down, but sales of ordinary insurance picked up the slack. Company Type: LIFE-DISABILITY. Serial Number: LICNA offers an expansive range of products tailored to meet the needs of customers at different stages in their lives, including term life insurance, permanent life insurance, accidental death and dismemberment policies and more. In 1984, First Deposit was sold to the Kentucky insurance company Capital Holding, later renamed Providian. Having acquired both Durham Mutual Life and Catawba Mutual Insurance Company, Durham Life was Millennial Downfall and Attempt at Turnaround. Louisville, KY 40202. Because each company has its own unique number, the NAIC number can be used to identify a particular company. WebFIRST PROVIDIAN LIFE AND HEALTH INSURANCE COMPANY branch Company Number O00001974 Status Inactive Merged Incorporation Date 27 June 1980 (almost 43 BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. What do you think? In November 2001 Joseph W. Saunders was named president and CEO, having most recently served as chairman and CEO of FleetBoston Financial Corporation's credit card business. can life Additionally, there are educational resources on topics such as estate planning and retirement planning that can help make sure youre making the most informed decisions when it comes to protecting your familys financial future. Although it appeared on the surface that the company was doing well, many of its loans were not guaranteed with sufficient collateral and others had little chance of ever being repaid. has been answered- caught it by chance.