The State Life Insurance Co.
This State Life Insurance Co. review includes company information that will be helpful as you shop for life insurance online, including company history, principle sales methods, and more. State Life sells term, whole, and universal life insurance policies, in addition to fixed and variable annuity plans. Read more about The State Life Insurance Company here.
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Mary Martin
Published Legal Expert
Mary Martin has been a legal writer and editor for over 20 years, responsible for ensuring that content is straightforward, correct, and helpful for the consumer. In addition, she worked on writing monthly newsletter columns for media, lawyers, and consumers. Ms. Martin also has experience with internal staff and HR operations. Mary was employed for almost 30 years by the nationwide legal publi...
Published Legal Expert
UPDATED: Jan 3, 2025
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2006 Assets: $2.386 billion2006 Premiums: $217.2 millionS&P rating: AA- (very strong)Moody’s rating: A2 (good)
Company Overview:
Company History: Founded in 1894 in Indianapolis, The State Life Insurance Co. offers a variety of financial products that combine Long Term Care benefits with other benefits (such as death benefits).
State Life is one of a group of subsidiaries of OneAmerica Financial Partners, Inc. (an Indiana Stock Company) which in turn is a subsidiary of an Indiana mutual insurance holding company formed in 2000 (American United Mutual Insurance Holding Company).
The lead company of the group of insurers is American United Life Insurance Company which is licensed in 49 states and the district of Columbia.
A variety of group benefit plans and related services are also provided through the group’s insurance companies and its managing general underwriter (R. E. Moulton, Inc.) that provides medical stop-loss, consulting advice, and other services to employers.
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Principle Sales Methods: Career agents, plus independent agents and brokers.
Life Annuity Business: The State Life sells Term, Whole, and Universal Life policies, plus Fixed and Variable annuity plans.
Special Business: The State Life offers a variety of products with long-term care (LTC) benefits, such as Asset-Care® (life insurance with LTC benefits), Annuity Care® (annuity with LTC benefits), ImmediateCare® (immediate annuity for individuals currently receiving long-term care), and Legacy Care® (senior-focused deferred annuity).