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Ullico Inc. is a privately held insurance and financial services holding company in the United States.Formerly known as Union Labor Life Insurance Company, it was founded in 1927 [1] by the American Federation of Labor (AFL) and its then president, Samuel Gompers, to offer health and life insurance products specifically to working men and women.
American Income Life Insurance Company (AIL) is an American unionized life insurance company that provides supplemental life insurance to labor unions, credit unions, and associations. The company was founded in 1951 and the executive offices have been located in Waco, Texas, since 1959. American Income Life is licensed in 49 states, the ...
The acquisition was Union Mutual's first expansion beyond individual life and endowment insurance. [9] [10] In 1969, Union Mutual established the insurance industry's first downstream holding company, which facilitated the company's continued expansion and diversification. [11] [12] Union Mutual also established its group disability business in ...
In 2002, while O'Sullivan was a member of the board of directors of the Union Labor Life Insurance Company (ULLICO), the company was caught up in a share repurchase scandal. In 1999, ULLICO chairman, president and chief executive officer Robert Georgine proposed a stock trading scheme: ULLICO directors could sell falling shares of stock and buy ...
Accidental death and dismemberment insurance (underwritten by CMFG Life Insurance Company): [18] pays a cash benefit if a person dies or is seriously injured in an accident. Auto insurance (underwritten by Liberty Mutual and Esurance): [ 19 ] offers coverage for cars, motorcycles, boats or watercraft, ATVs or off-road vehicles, and recreation ...
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Union Central Life Insurance Company was founded in Cincinnati, Ohio, in 1867. It was established as a mutual insurance company. Among its founders were Norman Wait Harris, founder of Harris Bank. [1] In 2005, it formed a mutual insurance holding company the Union Central Mutual Holding Company and converted the life insurance company to a ...
Benefits consist of retirement plans, health insurance, life insurance, disability insurance, vacation, employee stock ownership plans, etc. Compensation can be fixed and/or variable, and is often both. Variable pay is based on the performance of the employee. Commissions, incentives, and bonuses are forms of variable pay. [2]