Life - Life Insurance
to Amalgamated Life
Life is now licensed in New Jersey
Life are an insurance company, a third-party administrator,
a medical utilization service provider, a computer services
company, an insurance brokerage, a union printer, and the
administrator of their "Patron Funds" employee benefit
plans. Amalgamated Life, based on co-operative principles
and practices, has been serving workers and their families
for over 50 years.
Amalgamated Life - America's Labor Insurance Company
1943, Amalgamated Life has specialized in providing group
life and disability insurance for trade union sponsored groups.
As America's Labor Insurance Company, they insure unions,
their health and welfare funds and their members in a wide
variety of industries. Amalgamated Life cover over 100 unions
in both the public and private sectors.
Life is known for its efficient administration, quality service
and financial integrity. Amalgamated Life offers unmatched
expertise tailored to the insurance needs of Taft-Hartley
Life has consistently been rated "A" (Excellent)
by A.M. Best, the leading rating agency in the insurance industry.
A.M. Best assigned Amalgamated Life its "A" rating
citing "the company's demonstrated niche position in
the trade union marketplace, the conservative nature of its
investment portfolio and appropriate capital position relative
to its insurance and investments risk."
recent years, Amalgamated Life has expanded its operations
to Massachusetts, Connecticut, New Jersey and Pennsylvania.
The company maintains offices in Washington, DC and Boston,
as well as its home office in New York, to better serve unions
members in these areas. Since a number of its policyholders
are collectively bargained Funds with national membership,
Amalgamated Life covers over 500,000 union members and their
families across the United States. Amalgamated Life processes
over $375 million in benefits per year and maintains over
$8 billion of life insurance in force.
Amalgamated Life Current Product Portfolio
group term life and AD&D
Payroll Deduction Group Level Term Life and Decreasing
Term Life ("Workers Life")
Payroll Deduction Intermediate Term Disability (up to
two years income replacement)
Death Benefit Rider
Short Term Disability (up to 6 months income replacement)
Life Insurance (Guaranteed issue whole life from 55 to
75 years of age)
be introduced in 2001
Supplemental Insurance (pending Insurance Department's
up Retiree Life Insurance, Workers Lifetime (pending Insurance