Western Reserve Life Insurance Company

Western Reserve Life Insurance Company Information

Western Reserve Life Insurance Company was founded in the year 1958 in Ohio by Bill Callaghan. The name was borrowed from the name of a large territory in northern Ohio known as “Western Reserve” during the Pre-revolutionary war days. The company acquired small business and by the end of 1962 the company was conducting business in five states. In 1967, Western Reserve Financial Services are formed to establish and boost the dealer/Broker network relationship. In 1968, it started a joint venture with Pioneer Funds to deal in mutual funds under a new company Pioneer-Western corporation. During 1970-85, the company spun off from Pioneer-Western Corporation, was bought and then sold by a railway conglomerate and child care corporation and established a joint venture with Janus Capital. In 1991, Western Reserve Life Insurance Company became part of AEGON insurance group. The company is now headquartered in Florida.

Lines of Insurance:
Life

States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY

Type of Insurance Company: Stock (parent)

Name of Parent Company:
AEGON USA Group

Western Reserve Life Insurance Company Rating: A+

Company Financial Status:
Assets & Premiums: S&P rating: AA (very strong)
Moody's rating: Aa3 (excellent)
Fitch rating: AA+ (very strong)

Western Reserve Life Insurance Company Contact Information

Western Reserve Life
CEO Ronald F. Wagley
4333 Edgewood Road N.E.
Cedar Rapids, IA 52499
Phone Number: 800-851-9777

Where to send complaints:
Western Reserve Life customer
Cedar Rapids, IA 52499
Phone Number: 800-851-9777

Services Offered by Western Reserve Life Insurance Company

Western Reserve Life Insurance Company offers variety of products to meet different financial and planning needs of the customers. The company offerings to individuals include universal life insurance, Term life insurance, Index universal life insurance and variable universal life insurance. For business houses, the Western Reserve Life Insurance Company offers Buy-Sell arrangements. The company also offers annuity plan and options to the investors.

Benefits and Claims of Western Reserve Life Insurance Company

Western Reserve Life Insurance Company have developed a fast track claim settlement process for its customers. The Claim administration team is also there to assist policy holders/beneficiaries to lodge claims with the company. Registered users can also avail the online claim lodgment facility available using the company’s official website and the login details.