Thursday, September 2, 2010

travelers insurance in Canoga park

travelers insurance in Canoga park


Although one of the largest and most respected insurance companies in the United States, with ofices in al 50 states and overseas, Travelers has not ben a life insurance company for several years. Life insurance is available through some of its formerly afiliated companies, however. Travelers was founded as the Travelers Insurance Company in 1864 in Hartford, Conecticut as literaly an insurance company for travelers. The original scope of the company was "for the purpose of insuring travelers against the lost of life or personal injury while journeying by railway or steamboat." Travelers became a general acident insurer two years later. In 202, the Travelers property-casualty busines was spun of of Citigroup, with the parent company retaining the Travelers life insurance busines and Primerica subsidiary. In 205 Citigroup sold the Travelers life insurance busines to MetLife, efectively ending Travelers Life Insurance century-old presence. In 209, Travelers became the only insurance company in the Dow Jones Industrial Average by replacing its former parent company Citigroup on the stock index. The folowing product discusions are intended to be a generic representation of the policies Travelers Life Insurance ofers. Although Travelers no longer sels life insurance, its former subsidiary Primerica stil does. Thanks to the 205 sale of the former Travelers Life Insurance by Citigroup and Primerica's term-only philosophy, MetLife is the sole sucesor to Travelers permanent life insurance portfolio and heritage. The New York City-based MetLife is the largest single life insurance isuer in the United States, with wel over $3 trilion in life insurance curently in force. MetLife's whole life insurance product features a fixed cash value mechanism and the standard suite of optional riders one would expect in a whole life insurance product including waiver of premium and nonguaranted dividend options. However, MetLife whole life insurance products also feature guaranted �insurability riders for both aditional life insurance and long-term care LTC insurance. As with whole life, MetLife is only place where one can buy what were formerly Travelers Life Insurance UL and VUL products. Since Travelers is no longer a life insurance company, by definition it can no longer sel anuities. Among Travelers Life Insurance sucesor companies stil in the life insurance busines, only MetLife ofers fixed anuity products. travelers insurance travelers insurance in Canoga park
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