Company Overview of Bankers Life and Casualty Company Inc.
Bankers Life and Casualty Company Inc. offers Medicare supplement and long-term care insurance products. It offers Medicare supplement insurance plans for items that Medicare may not cover, such as Medicare deductibles, hospital and medical care co-insurance, extended hospital care, physician's services, hospital outpatient services and supplies, and ambulance services, as well as Medicare advantage plans, Medicare Part D prescription drug coverage plans, and critical illness insurance. The company also offers life insurance products, which include term life, universal life, and whole life insurance; and fixed interest, fixed index, and immediate annuities. In addition, it offers long-term c...
111 East Wacker Drive
Chicago, IL 60601-4508
Founded in 1879
Key Executives for Bankers Life and Casualty Company Inc.
Senior Vice President of Underwriting and New Business
Senior Vice President of Marketing and Business Development
Vice President of The Long Term Care Business
Senior Vice President of Sales
Compensation as of Fiscal Year 2014.
Bankers Life and Casualty Company Inc. Key Developments
Bankers Life Announces Sales Results for the Fourth Quarter of 2014; Provides Earnings Guidance for the Full Year of 2015
Feb 11 15
Bankers Life announced sales results for the fourth quarter of 2014. Sales in the quarter were flat, putting up 1% for the year.
The company expects sales to increase 3% to 5%. In the company, the company has about $500 million of interest sensitive life reserves where model refinements, mortality and interest rate adjustments netted to a $6 million EBIT positive in the period.
Bankers Life and Casualty Company Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
Jul 28 14
Bankers Life and Casualty Company announced unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported EBIT of USD was 87.4 million compared with USD 79.1 million for the same period a year ago. Pre-tax operating earnings in second quarter of 2014 compared to second quarter of 2013 were up USD 8.3 million, or 10%. Pre-tax operating earnings included approximately USD 2 million of overhead expenses.
For the six months, the company reported EBIT of USD was 171.6 million compared with USD 141.2 million for the same period a year ago.
Bankers Life and Casualty Company Launches Life Start
Oct 10 13
Bankers Life and Casualty Company has launched Life Start, a juvenile whole life insurance product. Face amounts range from $10,000 up to $50,000, with issue ages for children 0-16. Premium rates guaranteed for the life of the policy, or in five, 10 or 20 year payments start as low as $12/month. Optional riders available on the policy include a Guaranteed Insurability Benefit, providing the right to purchase new permanent life policies at specific option dates without furnishing evidence of insurability; and a Payor Benefit Rider, providing for waiver of premium on juvenile policies due to death or disability.
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