Jefferson Pilot Insurance Company Review & Ratings
2960 North Meridian Street
Indianapolis, IN 46206
About Jefferson Pilot Insurance Company
Our story began 100 years ago with two well-respected companies, Jefferson Standard, founded in 1907, and Pilot Life, founded in 1903.
Jefferson Standard was hailed by a local newspaper as the biggest corporation ever launched in North Carolina.
After only five months of operation, Jefferson Standard had almost a million dollars of life insurance in force. The company reached a billion dollars of life insurance in force in 1951 and passed $7 billion in 1984.
The two companies joined forces under the new holding company, Jefferson-Pilot Corporation, in 1968. Their combined efforts reached approximately $40 billion of life insurance in force by the end of 1986. On January 1, 1987, the two companies merged to form Jefferson-Pilot Life Insurance Company, with $3.8 billion in assets.
Our product offerings, already among the broadest in the industry, continue to expand as we reach out to people across the country. We are licensed to operate in 50 states, the District of Columbia, Puerto Rico and the Virgin Islands. The company’s stock is traded on the New York, Midwest, and Pacific Stock Exchanges. We are proud of our heritage.
Where we have been is the foundation from which we build for tomorrow. We are stronger and better positioned than ever before, which means we can offer our clients the products and services they need to plan for their future and our shareholders and employees the vision to realize their goals.
Jefferson Pilot Life Insurance Company Update 2019
If you are currently inquiring about Jefferson Pilot life insurance company, you may have been surprised at the lack of information you are able to find on the internet. You may also be confused at what the situation is. This happens frequently with consumers when they are searching for options.
Especially when you are searching for options and coverage with a potentially top-rated life insurance company. The problem is that so many life insurance companies go through transitions, acquisitions, and mergers that it’s tough to keep up with all the latest news and trends.
The good news is that is the exact reason that Spectrum Insurance Group exists. We strive to deliver all the information and reviews for all life insurance companies and offer reviews on different kinds of life insurance coverage.
In this review, we are going to be focusing on Jefferson Pilot Life Insurance Company and the acquisition that took place back in 2006. Here are all the details that you need to know.
Overview of Jefferson Pilot Life Insurance Company History
Jefferson Pilot was once a well-known life insurance company offering coverage to consumers up until the mid-2000s. In fact, you may still have life insurance coverage with Jefferson Pilot today. The good news is that your policy is still 100% in force and will be honored if a claim did god forbid need to be filed.
Jefferson Pilot Life Insurance was founded in 1968 that was originally due to a merger with Jefferson Standard Insurance which was founded way back in 1907. Pilot Life Insurance was also a piece of this merger. Pilot Life Insurance was founded in 1903.
Jefferson Standard and Pilot Life Insurance remained independent of each other for nearly 60 years until 1968 when the two companies merged creating Jefferson Pilot Life Insurance Company. For the next 40 years or so Jefferson Pilot remained a great option for life insurance coverage and had a decently well-known name.
That was of course until 2006 when Lincoln Financial Group acquired Jefferson Pilot Life Insurance which is how the structure and the company remain up to this day (2019). Again, don’t stress if you currently have life insurance coverage with Jefferson Pilot Life Insurance.
It’s still a 100% valid policy that will be honored 100% by Lincoln Financial Group.
The contact information for Lincoln Financial Group will be provided at the end of this post in case you are needing to contact the company or file a claim.
You see, when a life insurance company like Lincoln Financial Group that acquires another company just like our current scenario with Jefferson Pilot, the company acquiring the other also acquires all the current life insurance that’s in force and the liability owed to the policyholders follows along with the merger.
Therefore, you have absolutely nothing to fear. Especially when you take a moment to analyze the track record of Lincoln Financial Group which is one of the strongest life insurance companies in the world.
Here are some more of those details about Lincoln Financials BBB ratings and financial strength numbers.
Lincoln Financial Group’s Financial Strength Ratings and BBB Ratings
Below are the financial ratings from the top rating companies for Lincoln Financial Group.
- A.M Best: A+
- Standard and Poor’s: AA-
- Moody’s: A1
- Fitch: A+
- Comdex: 91
- JD Power and Associates: 781
- BBB Rating: A+
If you aren’t quite aware of how good these ratings are, let me explain for just a moment. These rating agencies are tasked with providing a “graded rating” for all insurance companies around the world. The grade helps evaluates the finances of the company.
Part of the grading factors in the surplus, liquidity and financial forecast for the company. Additionally, in case you didn’t know, these ratings are among the best you can potentially receive.
This goes to show that Lincoln Financial is one of the strongest and most reputable life insurance companies in the country and continues to represent clients and policyholders in the most respectable way possible.
At Spectrum Insurance Group, we love a lot about this company. Everything from complete packages for your life insurance coverage too affordable pricing are just a few of the reasons why we never have any problems recommending them to our clients.
Jefferson Pilot Life Insurance is Gone but LFG Still Remains a Powerhouse
At the end of the day, you can rest assured that your current policy is in good hands. Additionally, LFG is one of the best life insurance companies in the country and offers robust life insurance coverage at affordable pricing.
Your biggest focus currently needs to be securing coverage for you and your family. Using and independent life insurance agency such as Spectrum Insurance Group is a great start.
It ensures that regardless of your current health status or situation, that we will work in your corner to secure the lowest possible price on your life insurance coverage and keep fighting until we find you an approval.
As principal licensed life insurance agent Bennett Bier has helped 1000’s of people purchase life insurance online & over the phone. During his career he has become the go to expert for securing hard to place term and permanent life insurance policies for clients across the nation. With his wealth of knowledge of each life insurance carrier’s products and underwriting he provides honest answers and advice to every client. Bennett Bier and his team will work tirelessly to successfully secure the coverage your family deserves.
All content on this site has been written by life insurance experts & licensed life insurance agents.