Pekin Life Insurance Company Celebrates 50-Year Anniversary
In 1965, an idea became a reality. A Life Insurance company built on the philosophy that people come first. Today, that commitment continues with Pekin Life Insurance Company proudly celebrating 50 years in the Life Insurance industry. As we look back over that 50 year history, we are extremely proud of our ability to take care of our customers at their time of need, our commitment to the local community and our business accomplishments.
First opening our doors with a staff of three, we now boast a staff of over 125 talented employees who perform the vital functions that have led to the following impressive statistics:
- Over $15 billion of Life Insurance in force
- In excess of $215 million in annual premium income.
- Over 195,000 policyholders.
- A portfolio of over 25 different products ranging from Individual Life Insurance to Group Health Insurance to Medicare Supplement Insurance to Credit Life Insurance and Funeral Pre-Planning Insurance.
- Licensed to sell Life Insurance in 21 states across the country.
- Ranked 134th out of 900 Life Insurance companies in the nation by A.M. Best Company which places us in the top 15% of all companies.
President and Chief Executive Officer Scott Martin comments, “The contributions of many people have brought us on our journey so far. If not for the founders that charted the course, the agents who have supported us for so many years, and dedicated employees who go Beyond the expected® every day, we would not be where we are today. Pekin Life Insurance Company, part of the Pekin Insurance organization, now boasts of 2.7 billion dollars in assets. The company has the surplus, assets, and talented people that will make it possible to reach even higher in the future.”
Pekin Life Insurance Company is rated A- (Excellent) by the A.M. Best Company, a full-service credit rating organization dedicated to serving the insurance industry. Policyholders refer to Best’s ratings and analysis as a means of assessing the financial strength and creditworthiness of risk-bearing entities and investment vehicles.
One of the dominant keys to the success of the Life operation has been the total integration between Life, Health, Annuity, and Property/Casualty coverages from producing agents through every aspect of the company’s marketing, underwriting, accounting, claims, etc. Cross-selling has become a day-to-day norm for our agents for the solicitation of new business.
The 50th anniversary of Pekin Life Insurance Company is an opportunity to recognize the vision that was shared 50 years ago, take a look at where we are today, and reflect on where we are going tomorrow. We truly appreciate the support we have received from our agents, employees, and policyholders; and look forward to what the next 50 years will bring!