Unum Group
Unum Group is not affiliated with, nor does it endorse or sponsor, the contents of this webpage or the TermLifeInsuranceQuotes.com website.
The insurance industry is comprised of many different fields and areas and thus is made of many different companies designed to meet these various needs. One such provider, Unum Group, operates in the realm of employee benefits and is the world's largest disability insurance company.
Corporate Structure and Overview
Unum Group offers a variety of services based off of employee benefits. These services range from disability benefits and term life insurance to critical illness and long-term health care insurance. The corporation is based out of Chattanooga, Tennessee and has three subsidiaries: Unum US, operating out of Chattanooga; Unum UK, headquartered in Dorking, England; and Colonial Life, a subsidiary located in Columbia, South Carolina.
Unum Group is currently headed by Thomas R. Watjen, the current President and CEO. The COO is Robert Best, the CFO is Rick McKenney, and the Chairman of the Board is Jon Fossel. The corporation's stock is sold publicly on the New York Stock Exchange under the ticker symbol 'UNM'.
History
This insurance organization has its beginnings in a company formerly known as Union Mutual Life Insurance, founded in 1848 in Maine. This longevity makes Unum one of the oldest insurance companies in the United States that is continuously operating. Union Mutual went public in 1986 and became known as Unum Corporation. At this time, the company also began specializing in group disability insurance.
The current organization also stems in part from a company previously called Provident Life and Accident Insurance Company. Founded in 1887 in Chattanooga, Tennessee, this corporation acquired two main competitors - the Paul Revere Corporation and GENEX Services, Inc. - and later merged with Unum Corporation in 1999. Since then, the organization has been rebranded, with its name shortened to the present Unum.
Unum Group Services
As mentioned above, Unum specializes in employee benefits. One of the primary areas of focus for this company comes with Unum Group term life insurance. In the United States, the term life insurance industry is worth hundreds of billions of dollars annually, and Unum is a major player in this industry.
Term life insurance is different from other types of life insurance in that it offers coverage for a specified number of years. Unum Group term life insurance policies insure the policy holder for a period of time, do not accumulate cash value, and can be arranged with a variety of terms, premiums, and face amounts. Unum has created a reputation based on flexibility in their products, including term life insurance, and is poised to grow further in the years to come.
Free Insurance Quotes
Unum Group is not affiliated with, nor does it endorse or sponsor, the contents of this webpage or the TermLifeInsuranceQuotes.com website.
The insurance industry is comprised of many different fields and areas and thus is made of many different companies designed to meet these various needs. One such provider, Unum Group, operates in the realm of employee benefits and is the world's largest disability insurance company.
Corporate Structure and Overview
Unum Group offers a variety of services based off of employee benefits. These services range from disability benefits and term life insurance to critical illness and long-term health care insurance. The corporation is based out of Chattanooga, Tennessee and has three subsidiaries: Unum US, operating out of Chattanooga; Unum UK, headquartered in Dorking, England; and Colonial Life, a subsidiary located in Columbia, South Carolina.
Unum Group is currently headed by Thomas R. Watjen, the current President and CEO. The COO is Robert Best, the CFO is Rick McKenney, and the Chairman of the Board is Jon Fossel. The corporation's stock is sold publicly on the New York Stock Exchange under the ticker symbol 'UNM'.
History
This insurance organization has its beginnings in a company formerly known as Union Mutual Life Insurance, founded in 1848 in Maine. This longevity makes Unum one of the oldest insurance companies in the United States that is continuously operating. Union Mutual went public in 1986 and became known as Unum Corporation. At this time, the company also began specializing in group disability insurance.
The current organization also stems in part from a company previously called Provident Life and Accident Insurance Company. Founded in 1887 in Chattanooga, Tennessee, this corporation acquired two main competitors - the Paul Revere Corporation and GENEX Services, Inc. - and later merged with Unum Corporation in 1999. Since then, the organization has been rebranded, with its name shortened to the present Unum.
Unum Group Services
As mentioned above, Unum specializes in employee benefits. One of the primary areas of focus for this company comes with Unum Group term life insurance. In the United States, the term life insurance industry is worth hundreds of billions of dollars annually, and Unum is a major player in this industry.
Term life insurance is different from other types of life insurance in that it offers coverage for a specified number of years. Unum Group term life insurance policies insure the policy holder for a period of time, do not accumulate cash value, and can be arranged with a variety of terms, premiums, and face amounts. Unum has created a reputation based on flexibility in their products, including term life insurance, and is poised to grow further in the years to come.
