Travelers - Life Insurance
Travelers was founded in Utica, NY in 1883, and is the oldest
insurance company of its type in the United States.
Travelers is licensed to sell insurance in all American states
except Hawaii. At the present time, it does not insure risks
from other countries.
the time of the company's founding by Edward Trevvett, a British-born
tea salesman, traveling sales representatives (or 'commercial
travelers,' as they were then known) had a difficult time
obtaining insurance, because the travel portion of their livelihood
was considered hazardous, or at least an unusual risk.
Trevvett and 49 of his fellow sales representatives founded
Commercial Travelers as a mutual accident association in 1883.
The small company's first claim was paid in that summer to
Mr. Barrington Lodge of New York City, who was injured in
the panic that accompanied the grand opening of the Brooklyn
Bridge on July 4, 1883.
1885, membership had reached the 1,000 mark.
Travelers grew during its early years primarily by word-of-mouth
and by aggressive "member-get-a-member" promotions
of the company ... rewarding members with commemorative trinkets
for signing up more 'commercial travelers.'
first claim caused by an automobile was paid in 1900.
1905, the company needed more office space and moved to a
building at 70 Genesee Street in downtown Utica, within sight
of the Erie Canal, and in the busiest commerce district of
1937, the building was tripled in size to accommodate the
policy service needs of more than 200,000 policyholders.
Travelers 1939 annual report noted "Major disasters in
which Commercial Travelers served its members or their beneficiaries
included the sinkings of the Titanic, Lusitania and Morro
Castle; a major train wreck in Batavia, NY and the historic
subway crash in Brooklyn; the Wall Street Explosion, and the
more recent wrecks of the Hindenberg and other air craft.
But the benefits paid in these 'headline' accidents have been
dwarfed by the $56,000,000 paid for 'every-day' mishaps which
often occur when the members are 'safe at home.'
the years, the company changed its primary focus from disability
income insurance for traveling sales representatives to hospital
indemnity insurance for the general population, advertising
for direct response sales in leading newspapers across the
country and becoming one of the first insurance companies
in the nation to sell insurance by direct response methods.
Travelers became one of the first insurance companies in America
to install a computer, in 1955.
1965, Stuart F. Page fell from a ladder at his home in Winchester,
Massachusetts and received the company's one millionth claim
company mutualized on February 16, 1970 ... now licensed in
13 states, the District of Columbia, and 3 Canadian provinces.
1979, the company established Monitor Life Of New York, a
wholly-owned subsidiary of Commercial Travelers ... primarily
to offer additional life insurance products to existing policyholders.
company's one millionth policy was issued in 1983 ... the
company's centennial year.
1986, the company diversified further by becoming a national
presence in the student accident and special risk markets
... offering accident coverage for students from kindergarten
through college years, school sports coverage, and virtually
unlimited types of special risk coverage. Coverage is available
through a network of specialized insurance agents.
the early 1990's, Commercial Travelers began offering a special
type of disability income and life insurance (through Monitor
Life) for small employers, insuring as few as two employees
at a small business.
1991, Commercial Travelers was licensed in 48 states (all
except Maine and Hawaii), the District of Columbia, and 6
Canadian provinces. In 1996-1997, the company received its
license for Maine.
its modest beginnings in 1883, the small company has grown
at a controlled rate to a position of respect throughout the
Commercial Travellers Life Insurance
Commercial Travelers' life insurance subsidiary, Monitor Life
Insurance Company of New York, a variety of life insurance
coverages are available:
Issue Senior Life - no medical questions; you cannot be
refused for coverage, rates will never increase.
Life - premium payments are fixed for the life of the
policy... rates can never be increased. Builds cash value.
Insurance - term insurance that automatically becomes
whole life coverage when the child reaches 25 years of age,
with no further proof of insurability. Includes options to
buy additional insurance at various ages without a medical
examination. A great gift for the future from parents and
grandparents. Contact Monitor Life
Life is available now in these states:
Arkansas, Colorado, Connecticut, District of Columbia, Florida,
Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts,
Mississippi, Missouri (no guaranteed issue Senior Life), Nevada,
New York, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas,
Utah, Virginia, West Virginia
Group Life & Disability Benefit Plans for Groups with
quality non-medical insurance coverages for small employers
are hard to find. Commercial Travelers offer a variety of
plans commonly sought by agents and employers.
Insured. All plans are provided through fully insured
Multiple Employers Trusts arranged by industry classification.
are Sex Distinct and organized in 5 & 10 year age bands.
Rates cannot be increased for any single employer participating
in the trust without also increasing all other participating
employers in the same industry classification.
Issue Benefits. Specified levels of guaranteed issue benefits
are available for plans with six or more employees.
10% Discount on Rates now available for Chambers of Commerce
and Multiple Employer Trade Associations who have endorsed
our plans to their membership.
are available from user-friendly software Commercial Travelers
provide, or through our Regional Offices.
Life insurance is provided by Monitor Life Insurance Company
of New York or The Reliable Life Insurance Company
The plans described are not available in the following
states: CA, FL, and HI.
more details about the plans or information about Commercial
Travelers' Large Group products, please fill out their
Inquiry Form. Or, for an immediate response, call CT Group
at 1-800-803-8585. Ask for Tom Kulhowvick or Ken Dilanian.
70 Genesee Street,