Although this data is not 100% accurate, it is probably the most accurate information available. Group employee benefits brokers need to know where to find the plans that fit the needs of their clients. It is a well-established fact that employers cannot handle the entire burden of providing a list of benefits their workers would like to have. As a result, brokers are working with both the employee and his workforce. The worker has options to have additional coverage available with the convenience of premiums extracted directly from their paycheck. This is a win-win-win situation for the employer, the worker, and the agent.
Here you’ll find the top national insurance companies in this market, along with others that do business in most states. For brokers selling products with only one insurance carrier, it seems impractical and virtually impossible. I carry a Swiss Army knife, which while useful, often can’t get the job done right. Therefore, in my experience, I have found that most agents who sell plans represent more than one insurance company more than once. Like the Swiss Army knife, no insurance company can handle every situation. 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 companies licensed to sell their employee benefit plans in all 50 states. The second list is of states that sell in a minimum of at least 40 states. Everyone should have websites to receive additional information quickly. With the top 100 national insurance companies on the list, maybe it’s time to look at a couple more.
MAIN NATIONAL INSURANCE COMPANIES AND Carriers Licensed in all 50 states
1. ACI Special Benefits
2. Advantica eye care
3.AFLAC
4. AIG Employee Benefit Solutions
5. Allstate Workplace Division
6. Sentinel American Insurance Company
7. Americas 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 Workplace Insurance Solutions
15. CCG- Cost Containment Group
16. Vision Davis
17. Delta Dental
18. Dentali Dental and Vision
19. Dental Selection
20. EyeMed Vision Care
21. EZ Meds USA
22. GPM life
23. Great American Insurance of New York
24. Great American TX Supplemental Benefit Group
25. Guardian Life Insurance Company
26. The Hartford Life
27. HM Insurance Group
28. Human
29. Independent Health
30. ING Employee Benefits
31. Liberty Mutual Group Benefits
32. Lincoln Financial Group
33. Madison Life Insurance Company
34. Magnum Dental and Vision
35. Majestic belayers
36. MedAmerica Insurance Company
37. Health insurance company
38. MY Vision
39. Metropolitan Life Insurance Company
40.Minnesota Life Insurance Company
41. Omaha Mutual Insurance Company
42. National Financial Services
43. Patriot Health, Inc.
44. Petersen International Subscribers
45.PPO USA
46. Main Financial Group
47. Prudential Company of America
48. Reliance Standard Life Insurance Company
49. Safe dental care
50.Security Life Insurance Company of America
51. Security Mutual Life Insurance Company of New York
52. Spirit Dental Life and Vision
53. Standard Insurance Company
54. New York Standard Life Insurance Company
55. Sol financial life
56. Supervisory services
57. Financial Symmetry
58. Transamerica Affinity Services in MD
59. Transamerica Workplace Marketing
60. Trustmark Voluntary Benefit Solutions
61. UNIFI Company Retirement Plans
62. United American Insurance Company
63. United Companies of Concordia
64. United Health Programs of America
65. Unum
66. VSP Eye Care
MAJOR MULTI-STATE INSURANCE COMPANIES Licensed in 40 or more states.
1. American Fidelity Assurance Company, less NY
2. American Public Life Insurance Company, -New York
3. American United Life Insurance Company, -New York
4. ArmadaCare, -7 states
5. Life Assurance Company, -New York
6. BasicPlus Insurance Services, -10 states
7. Block vision, -9 states
8. National Assurance Company Brokers, -6 states
9. Colonial Life, -2 states
10. Colorado Bankers Life Insurance Company, -2 states
11. Supplemental Life Insurance Company, -4 states
12. Conseco Insurance Companies, – 2 states
13. Continental American Insurance Company, -New York
14. Dominion Dental Services, Inc., -4 states
15. EMC National Life Company, – 2 states
16. First Dearborn Life Insurance Company, -New York
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 America Treaty Network, -7 states
26. Renaissance Life and Health Insurance Company, -New York
27. Securian Dental Plans, -6 states
28. Means Insurance Group, Inc., -5 states
29. Standard Life and Accident Insurance Company, -5 states
30. Starmark, -10 states
31. Texas Life Insurance Company, -New York
32. Transamerica Life Insurance Company, -5 states
33. Trustmark Life Insurance Company, -9 states
34. Western Reserve Life, New York
Other insurance 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 Servicios Financiers and the William Penn Association.
Shenandoah Life Insurance Company is not listed as it is experiencing some difficulties. Apologies to the companies that serve this market segment that missed out.