Although this data is not 100% accurate, it is probably the most precise info available. Employee group benefit brokers need to know where to find the plans to fit their client needs. It is a well established fact that employers cannot handle the entire burden of providing a grocery list of benefits that their workers would like to have. As a result brokers are working with both the employee and his workforce. The worker is being given options of having additional coverages available with the convenience of premiums taken right from their paycheck. This is a win-win-win situation for the employer, the worker, and the agent.
Here you will find the top national insurance companies in this market, along with others marketing in most states. For brokers selling products with only one insurance company, it seems impractical and virtually impossible. I carry around a Swiss army knife, which although useful, often is incapable of performing the job correctly. Therefore, in my experience, I have found most agents selling plans more than occasionally, represent more than one insurance company. Like the Swiss army knife, no one insurance company can serve all situations. According to my records, the average broker involved in frequent sales represents 3 national insurance companies for this employee market.
For your convenience, there are two lists prepared alphabetically. The first are the carriers licensed to sell their employee benefit plans in all 50 states. The second listing is of states selling in a minimum of at least 40 states. All should have websites to receive fast additional information. With 100 top national insurance companies listed, maybe it is time to check out a couple more.
TOP NATIONAL INSURANCE COMPANIES & Carriers Licensed in all 50 states
1. ACI Specialty Benefits
2. Advantica Eyecare
3. AFLAC
4. AIG Employee Benefit Solutions
5. Allstate Workplace Division
6. American Sentinel Insurance Company
7. Ameritas Group
8. Assurant Employee Benefits
9. Avesis
10. BCS Insurance Company
11. Beta Health Association, Inc.
12. Boston Mutual Life Insurance Company
13. CIGNA
14. Combined Insurance Worksite Solutions
15. CCG- Cost Containment Group
16. Davis Vision
17. Delta Dental
18. Dentali Dental and Vision
19. Dental Select
20. EyeMed Vision Care
21. EZ Meds USA
22. GPM Life
23. Great American Insurance of NY
24. Great American Supplemental Benefits Group of TX
25. Guardian Life Insurance Company
26. Hartford Life
27. HM Insurance Group
28. Humana
29. Independent Health
30. ING Employee Benefits
31. Liberty Mutual Group Benefits
32. Lincoln Financial Group
33. Madison Life Insurance Company
34. Magnum Dental & Vision
35. Majestic Underwriters
36. MedAmerica Insurance Company
37. Medico Insurance Company
38. MESVision
39. Metropolitan Life Insurance Company
40. Minnesota Life Insurance Company
41. Mutual of Omaha Insurance Company
42. Nationwide Financial
43. Patriot Health, Inc.
44. Petersen International Underwriters
45. PPO USA
46. Principal Financial Group
47. Prudential Company of America
48. Reliance Standard Life Insurance Company
49. SecureCare Dental
50. Security Life Insurance Company of America
51. Security Mutual Life Insurance Company of NY
52. Spirit Dental Life and Vision
53. Standard Insurance Company
54. Standard Life Insurance Company of NY
55. Sun Life Financial
56. Super Vision Services
57. Symetra Financial
58. Transamerica Affinity Services in MD
59. Transamerica Worksite Marketing
60. Trustmark Voluntary Benefits Solutions
61. UNIFI Companies Retirement Plans
62. United American Insurance Company
63. United Concordia Companies
64. United Health Programs of America
65. Unum
66. VSP Vision Care
TOP MULTI-STATE INSURANCE COMPANIES Licensed in 40 or more states.
1. American Fidelity Assurance Company, minus NY
2. American Public Life Insurance Company, -NY
3. American United Life Insurance Company, -NY
4. ArmadaCare, -7 states
5. Assurity Life Insurance Company, -NY
6. BasicPlus Insurance Services, -10 states
7. Block Vision, -9 states
8. Brokers National Assurance Company, -6 states
9. Colonial Life, -2 states
10. Colorado Bankers Life Insurance Company, -2 states
11. Companion Life Insurance Company, -4 states
12. Conseco Insurance Companies, - 2 states
13. Continental American Insurance Company, -NY
14. Dominion Dental Services, Inc., -4 states
15. EMC National Life Company, - 2 states
16. First Dearborn Life Insurance Company, -NY
17. HealthPartners, -2 states
18. Illinois Mutual, -4 states
19. John Hancock, -2 states
20. Kansas City Life Group, -2 states
21. Minnesota Life Insurance Company, -2 states
22. Mutual Trust Financial Group, -2 states
23. Ohio National Financial Services, -3 states
24. Oxford Life Insurance Company, - 5 states
25. Penn Treaty Network America, -7 states
26. Renaissance Life and Health Insurance Company, -NY
27. Securian Dental Plans, -6 states
28. Significa Insurance Group, Inc., -5 states
29. Standard Life and Accident Insurance Company, -5 states
30. Starmark, -10 states
31. Texas Life Insurance Company, -NY
32. Transamerica Life Insurance Company, -5 states
33. Trustmark Life Insurance Company, -9 states
34. Western Reserve Life, -NY
Other insurer organizations and insurance companies
These cover most of the United States. They are American Continental Insurance Company, American Specialty Health Insurance Company, Best Life, Catholic Family Life, Columbian Mutual Life, Continental American Insurance, Eastern Life & Health Insurance Company, Equitable Life & Casualty, Guaranty Income Life Insurance Company, Kemper Investors, Pro Financial Services, and William Penn Association.
Shenandoah Life Insurance Company is not listed, as it is undergoing some difficulties. Apologies are in order to any companies catering to this market segment that were missed.
(By Don Yerke)
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