Lone Star Life Insurance Company, headquartered in Dallas, offers life, accident, and health insurance throughout the United States. The company was founded by Wilfred H. Smith and others and was incorporated in 1951. In 1957 Pacific American Life Insurance Company of Houston merged with the firm. In 1968 control was acquired by Walter B. Hailey, Jr. (a Lone Star general agent since 1955 and president of Total Insurance Planning Systems, a nationwide marketing organization), and D. A. Keener (a company director and former general manager of Affiliated Food Stores). In 1969 the company combined its home office functions with Southwest Indemnity and Life Insurance Company of Dallas, and...
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Fidelity Union Life Insurance, headquartered in the twenty-six-story Allianz Financial Center in Dallas, Texas, grew from Texas roots to become part of a worldwide network of diversified insurance organizations and in the 1990s ranked in the ninety largest stock life-insurance companies in the nation. Carr P. Collins and William Morriss founded the company in 1927, beginning with four employees who sold insurance in Texas and Alabama. Collins previously served as secretary to the Texas Employers Insurance Association and established and ran Fidelity Union Fire and Casualty, a forerunner of the present firm, with B. P. Bailey until 1931. Earl B. Smyth, a local bank president, served as vice...
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Southwestern Life Insurance Company, with headquarters in Dallas, offers life, accident, and health insurance as the largest subsidiary of the I.C.H. Corporation based in Louisville, Kentucky. Southwestern Life grew out of the Fraternal Life Association, organized in 1897, and a direct predecessor known as the Southwestern Life Association. The company was founded in Dallas in 1903 to gain the financial advantage of keeping premium reserves in the Southwest. Its advertising slogan, "Help turn this cow around and keep Texas Money in Texas!," reflected investors' belief that premium reserves were an important source of loan capital and that the Southwest needed loan capital to grow. The...
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Liberty Bankers Life Insurance Company (“Liberty Bankers”) and The Capitol Life Insurance Company (“Capitol Life”) have assumed the Covered Obligations arising out of the insolvency and liquidation of Lincoln Memorial Life Insurance Company effective November 1, 2017. Also, effective November 1, 2017, the Special Deputy Receiver (“SDR”) for National Prearranged Services (“NPS”) assigned the Run-off Responsibilities on all NPS prepaid funeral benefit contracts and/or other prepaid funeral benefit contracts acquired by NPS that are associated with these Lincoln Memorial Life policies. Texas Service Life Insurance Company is acting as a third-party administrator for Liberty Bankers and Capitol...
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If you are the owner or beneficiary of a life insurance policy issued in Texas, it is important to understand your rights under the policy as well as the specific Life Insurance Beneficiary Rules in Texas. Keep reading and contact the life insurance lawyers at the Boonswang Law Firm with any questions you may have. Who can be a life insurance beneficiary in Texas? Anyone can be a life insurance beneficiary, including family members, friends, organizations, corporations, and trusts. This is because life insurance is a “non-testamentary asset.” In other words, life insurance proceeds are not controlled by a will. Instead, an insurance policy is a contract between an insurance company and a...
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Insurance protection is part of a solid financial plan. You trust Community Resource Credit Union to provide you and your family with quality products and services to meet your financial needs. We’ve joined with a dedicated team of insurance professionals to bring you the TruStage Insurance Program. Dependable insurance coverage ensures financial relief when you need it. And along the way, you’ll take comfort in knowing you’re protected. TruStage insurance products and programs help members protect what matters most. Backed by nearly 80 years of working in partnership with credit unions and their members, you’ll find products for life, and AD...
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A strategy that spans your career - Before you secure your own coverage, you need to decide what is the right amount, and whether to purchase one policy or several smaller policies. Insurance protection that travels with you - When you leave residency, your employer-provided insurance may end. With your own policy, no matter what route your career path takes, your coverage travels with you. Insurance protection that grows with you - Employer provided coverage usually has predefined limits based on salary. So, you may not have enough coverage now. Having your own policy also allows you to increase your coverage as your life changes. When it's time to sort through these decisions, guidance...
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Policyholder Information Company Overview Lincoln Memorial Life Insurance Company (Lincoln Memorial), Memorial Service Life Insurance Company (Memorial Service), and National Prearranged Services, Inc. (NPS) were placed in receivership in Texas on May 14, 2008. The liquidation order was finalized on October 22, 2008. Most of the insurance policies sold by Lincoln Memorial and Memorial Service are related to pre-need funeral contracts consumers purchased through NPS. Additional Resources Jo Ann Howard is the Special Deputy Receiver (SDR) for the three companies, and her office can be reached at info@LincolnMemorialLife.com. For policyholder inquiries, call 512.328.0075. Here are some links...
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Losing a loved one can be overwhelming. A life insurance policy is meant to provide the surviving family members with the financial support they need to move forward. The last thing someone coping with a loss should have to deal with is a life insurance dispute or denial. If you are faced with a life insurance dispute in the wake of a loved one’s passing, contact The Callahan Law Firm today for a free initial consultation with a Texas life insurance attorney. What Kinds of Life Insurance Issues Do We Handle? Life insurance claims can be complex in nature. Some of the life insurance claim issues we handle include: Insurance Beneficiary Disputes and Interpleaders: Sometimes, there is a...
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Life Insurance Life insurance is a simple answer to a very difficult question: How will my family manage financially when I die? It's a subject no one really wants to think about. But if someone depends on you financially, it's one you cannot avoid. We know you can’t put a dollar amount on your family, but you can ensure their future is protected. With life insurance, families can survive if the main earner passes away. Without it, the lack of financial support could very well put an abrupt halt to noble plans. College. Money to start a business. Even a home. And though costs are a real concern for most people considering life insurance, it never costs as much as you think. That...
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