Pages Navigation Menu

Attention Eastern Illinois Storm Victims

If you have suffered damage to your property from the recent storms, please report it immediately by clicking here, calling our Pekin Insurance Call Center at 888-Pekin-11 (735-4611) (24 hours a day, 7 days a week), or calling your local Pekin Insurance Agent directly. Our Storm Team is located at County Market, 1628 Georgetown Road, in Tilton and will go Beyond the expected® in settling your claims quickly and fairly.

Pekin Life Insurance Company Celebrates 50-Year Anniversary

Posted by on Jan 5, 2015 in News

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!

Read More

Pekin Insurance® Agencies Helped Support the Honor Flight Network

Posted by on Dec 18, 2014 in News

Pekin Insurance® agencies are honoring those who served in our military by supporting the Honor Flight Network, which recognizes American veterans for all their sacrifices. Several hundred independent insurance agents participated in the annual Tour of Honor Contest sponsored by Pekin Insurance.

For every life insurance application submitted, money was donated to the Honor Flight Network which transports veterans to Washington, D.C., to visit and reflect at their memorials. This is a small tribute to those who gave so much. Thanks to the combined efforts of the Pekin Insurance independent agency force, the company donated $20,000 to this cause.

Pekin Insurance and its independent agencies thank the men and women who made the sacrifice and commitment to fight for the freedom and safety of our country.

In business since 1921, Pekin Insurance offers multiple lines of insurance in Arizona, Illinois, Indiana, Iowa, Ohio, and Wisconsin and is represented by nearly 1,200 independent agencies.

Pekin Insurance agents can assist you with your auto, home, business, life, and health insurance needs with service that goes Beyond the expected.®

Visit www.pekininsurance.com to find out more about a company that provides peace of mind and long-term security for its policyholders. Also, take the time to sign up for their informative eNewsletter and like them on Facebook.

For more information, contact Jerry Doll, Extension 2802.

Read More

Verizon Tech Support Scam

Posted by on Oct 7, 2014 in News

The Enterprise Security Team has received notice of a scam involving a call from fake Verizon Tech Support. We are providing this information for consumer awareness.

How does the scam work?
The attack is initiated by a phone call. The caller ID actually comes up as Verizon’s tech support because the scammers are spoofing a valid 1-800 number used by Verizon. The caller on the other end of the line then convinces the victim to disclose information about their Verizon account and may direct the victim to a website to download software and/or establish a remote connection. But, rather than receiving “support,” the victim’s workstation is loaded with malware and scanned for sensitive information, such as banking or credit card data.

What can I do to protect myself?
These types of “tech support” cold-call scams have been around for a long time and have
undergone several variations through the years. For example, similar scams have been
reported for fake Microsoft and Netflix support. What makes this one unique is the use of a spoofed number that matches one used by Verizon. Using professional skepticism on all cold calls, even when the caller ID appears to be known, can go a long way.

• Do not assume that the caller ID is accurate.
• If you feel uncomfortable, then follow your instinct. Hang up, and call
the actual company on a listed, public phone number.
• Be especially skeptical if a caller asks for sensitive information, like
usernames, passwords, account numbers, Social Security numbers, etc.

What if I am concerned about identity theft?
A compromise on your computer is not only a risk to Pekin Insurance®, but also your
personal data. Concerned users or victims of scams may be interested in more material
regarding identity theft. The Federal Trade Commission provides comprehensive information and advice at their website:
http://www.consumer.ftc.gov/features/feature-0014-identity-theft.

Read More

Shellshock Vulnerability

Posted by on Oct 2, 2014 in News

What is the Shellshock vulnerability?
The vulnerability known as Shellshock is a serious flaw in the Bash shell processor. Bash shell is a command line interface, similar to a DOS box on Windows. This command line interface allows user interaction with Linux- and UNIX-based systems. There are many different types or flavors of Linux and UNIX platforms. One example of a UNIX-based operating system is Apple’s Mac OS X. Another example of a UNIX-like system is IBM’s z/OS.

On September 24, 2014, security researchers uncovered malicious code that attempts to exploit a vulnerability in Bash shell. The vulnerability makes it possible for attackers to run arbitrary commands that could lead to system compromise; however, the aftereffects of a successful exploit have not yet been fully understood or disclosed.

Is/was Pekin Insurance vulnerable?
None of the external services hosted by Pekin Insurance, like MyPI or Pekin Partners, have been affected. In addition, the Pekin Insurance Enterprise Security team has deployed security measures and will continue to monitor the situation for changes.

What do I need to do?
No action is required for users of Pekin Insurance web services; however, everyone is strongly encouraged to check public lists of prominent sites that may have been vulnerable in case of personal use.

Read More

Pekin Insurance Receives “Excellent” Ratings From A.M. Best

Posted by on Jun 12, 2014 in News

Pekin Insurance is a group name adopted to designate the combined operation of The
Farmers Automobile Insurance Association, Pekin Insurance Company, PAC, Inc., and Pekin Life Insurance Company. The company recently received its 2014 ratings from A.M. Best,
a global credit rating agency with a unique focus on the insurance industry. Insurance
professionals, brokers, regulators and consumers refer to Best’s Credit Ratings as an opinion of the financial strength and creditworthiness of risk-bearing entities and investment vehicles.

A.M. Best has affirmed the Financial Strength Rating (FSR) of “A” (Excellent) of Pekin
Insurance Group and our two intercompany pool members, The Farmers Automobile
Insurance Association and its wholly owned subsidiary, Pekin Insurance Company. The
outlook for the FSR continues to be stable. Financial Strength Ratings are published in A.M. Best’s Insurance Reports and represent their independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. The affirmed rating reflects Pekin Insurance Group’s excellent risk-adjusted capitalization, steady surplus growth, experienced management team, and solid agency relationships.

At the same time, A.M. Best has affirmed our Issuer Credit Rating (ICR) of “a.” The outlook for the ICR continues to be stable. Issuer Credit Ratings are not published in A.M. Best’s Insurance Reports, but are posted on A.M. Best’s website and Business Wire. An ICR is assigned to insurance companies, banks, hospitals, holding companies, or other legal entities authorized to issue financial obligations and represents A.M. Best’s independent opinion of an entity’s ability to meet its ongoing senior financial obligations. Although the Pekin Insurance Group has never issued any senior financial obligations, the ICR is utilized by A.M. Best to provide additional granularity in the overall rating process.

A.M. Best has also affirmed the FSR of “A-” (Excellent) and the ICR of “a-” for Pekin Life Insurance Company. The outlook for both ratings remains stable. The ratings of Pekin Life Insurance Company reflect many positive rating factors including its integral role and generally positive contribution to the Pekin Insurance Group, high-quality investment portfolio, diversified product portfolio, and favorable level of risk-adjusted capitalization.

Read More

Pekin Life Insurance Company Holds 49th Annual Meeting

Posted by on May 15, 2014 in News

Pekin Life Insurance Company held its annual meeting on Tuesday, May 13, 2014, at the company’s Home Office in Pekin, Illinois. The company has strong, stable roots that date back to its inception in 1965.

The company reported net income of $2.4 million. Premium income increased by 2.7 percent to $227.0 million. Life Insurance in force exceeded $14.5 billion in the year 2013.

At the meeting, shareholders elected directors Steven R. Anderson, Loves Park, Illinois; Byron A. Dodd, Anna, Illinois; and Gordon M. Walker, Groveland, Illinois, to three year terms to expire in May 2017.

Other directors whose terms continue are: Craig W. Concklin, Hinsdale, Illinois; Daniel V. Connell, Tremont, Illinois; Scott A. Martin, Peoria, Illinois; and Thomas C. Hornstein, A. Richard Kriegsman, and Christine A. Schwartz, all from Pekin, Illinois.

On April 16, 2014, Pekin Life Insurance Company declared a quarterly dividend of $0.01 per share payable June 2, 2014, to shareholders of record May 2, 2014. The company has paid dividends each year since June 1, 1976.

President and Chief Executive Officer Scott Martin remarked at the meeting, “Our strategy for growth and profitability will always center around the sales generated by the independent agent. Last year, new paid Life sales were almost $8 million, which has doubled from ten years ago. But as you know, Pekin Life Insurance Company is much more than that. Our Financial Products division, our Pathway® Pre-need division, and our new venture into self-funded plans are all growing, often in states outside our core operating area of the property/casualty company. We believe we have the right strategy for us. We’re doing this and producing a product that helps people. That is the part I’m most proud of. We all need to be reminded of what happens when an agent does their job by convincing a family to purchase protection. On the company side, we must invest their money wisely and pay the proceeds when the time comes. What we do together is serving families, a very noble cause and something we all take pride in.”

Brian Lee, the company’s Senior Vice President and Chief Operating Officer/Life, in speaking to the group, commented, “Total premium increased from $221 million in 2012 to almost $227 million, and Pekin Life Insurance Company is now licensed in 19 states with the premium coming from targeted product lines in various states. 2013 was our best Ordinary Life New Business year in our company’s history with premiums exceeding $8 million. There are new challenges around every corner. With the continued support of our agents and the dedicated efforts of our employees, I have no doubt 2014 will be a successful year for Pekin Life Insurance Company.”

Pekin Life Insurance Company is an integral part of the Pekin Insurance® group of companies.

Pekin Life Insurance Company stock trades under the symbol “PKIN” and is listed on the OTCQB. Wells Fargo Advisors makes a market in the stock.

A multi-line company, Pekin Life Insurance Company offers individual life and group life and health products; including term, universal life, group medical, medicare supplement, annuity, credit insurance, debt protection, and pre-need coverages. Additionally, Pekin Life Insurance Company has created a new third party claims administration division, Group Plan Solutions, which is designed to provide employer-based, self-funded health plan administration.

Other products offered by the Pekin Insurance group include automobile, homeowners, motorcycle, recreational vehicle, boatowners, commercial automobile, businessowners, commercial property and liability, workers compensation, and bonds.

Information about Pekin Life Insurance Company can be obtained by visiting our Internet website at www.pekininsurance.com.

Read More

Call Toll-Free 1-800-322-0160