Phoenix Insurance Company

Facts about the Phoenix Insurance Company

  • The Phoenix Insurance Company traces its origin from the year 1851 with the formation of the American Temperance Life Insurance Company. The name of the company was later changed to Phoenix Mutual Life Insurance Company in 1860. The Phoenix Insurance Company was the first to use direct mail to sell insurance.
  • Throughout the 20th century, the Phoenix Insurance Company continued to be innovative offering different products for the various needs of its customers. One of the greatest innovative ideas was to offer discounted premiums to nonsmokers.
  • In the year 1992, Home Life and Phoenix merged to form the Phoenix Home Life Mutual Company to become the thirteenth-largest mutual insurance company in the US.
  • In 1995 the asset management wing of Phoenix, Phoenix Securities Group was merged with Duff & Phelps to form Phoenix Duff & Phelps Corp. which was named at a later date, Phoenix Investment Partners which floated public shares for five years.
  • The conversion to a stock company from a mutual company occurred in 2001. The company was renamed The Phoenix Companies Inc. and was listed on the New York Stock Exchange.

Services Offered by Phoenix Insurance Company

  • The Phoenix Insurance Company is responsible for the underwriting of insurance policies for homeowners.
  • Home and Car Insurance: Phoenix Insurance Company has joined hands with Lloyds TSB to cover a series of products related to home and car insurance.
  • The Guaranteed Over 50 Plan is a plan which is easily affordable. The premiums begin from £7 and it is life-long. You get a guaranteed sum if death occurs any time after the lock-in period of 2 years. Eligibility is between age 50 and 85 and there is no hassle of health or medical questions asked for a claim.

Benefits and Claims of Phoenix Insurance Company

For processing a claim with the Phoenix Insurance Company, the following documents should be submitted:

  • Certified Death Certificate
  • Original Policy Document (if available)
  • Beneficiary Statement

In the case of the deceased being insured by more than one policy, then the remaining policy numbers can be written on a single beneficiary statement and only one death certificate copy needs to be submitted.