Union Central
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It was in 1867 that the state of Ohio saw the birth of its first life insurance company, created by Dr. John Pascal Paoli Peck, a doctor of medicine who had decided to try his hand in the world of insurance. With start-up money in part provided by W.A Procter and James Gamble of the now-famous Proctor and Gamble, Peck created the Union Central Life Insurance company, named after the steadily growing Union of the United States. The businesses and local residents of the Ohio River valley formed the first body of clients for the new life insurance company, and the industrial revolution provided fertile ground for the sale of Union Central term life insurance. By 1913, Union Central had gone nationwide, and the white column-topped headquarters of the business in Cincinnati was commissioned and created, and this building remains a central feature of the city's skyline even today. Along with many of America's first insurance companies, Union Central had to endure the great depression. Fortunately, a prosperous quarter-century allowed the company to pay all of its claims on time and in full, strengthening its reputation for reliability and service.
Weathering the storm of the Second World War, the company was able to expand its business further, moving to a newly-created campus of buildings in Cincinnati's Forest Park suburb in 1964. The company continued to expand over the next two decades, improving on its core Union Central term life insurance while also adding a broker dealer in the 1980s and moved into cutting-edge product placement in the 1990s, such as variable term life insurance and second-to-die policies.
In 2006, the Union central became a mutually owned company and then merged with Amertias Acadia Mutual Holding Company, itself a conglomeration of Amertias Life and Acadia Life. The entire structure was then renamed the UNIFI Mutual Holding Company, also known as the UNIFI Companies. The newly-created company has been well-reviewed for financial strength, receiving an A+ rating from Standard and Poor, and an A rating from A.M. Best. Both of these ratings are within the top five of all ratings offered by these companies, which means that Union Central, under the umbrella of UNIFI, is one of the strongest companies in the nation.
This strength, combined with a dedicated to customer service, timely response and a suite of the most innovative products on the market, has led Union Central and UNIFI to be one of the most respected, well-known, and longest-operating insurance companies in America. Any life insurance product they sell has been proven to be well-backed and reliable.
