Old American Insurance: A Comprehensive Guide

When it comes to insurance, there are a lot of options out there. However, one of the most respected and reliable insurance companies in the United States is Old American Insurance. From their history to their policies, this article will provide you with all the essential information you need to know about Old American Insurance.

History of Old American Insurance

Old American Insurance was founded in 1939 in Kansas City, Missouri. The company originally focused on providing insurance to farmers in the area, but it soon expanded into other areas of insurance. Today, Old American Insurance is headquartered in McKinney, Texas and operates in 47 states throughout the country.

The company has a strong commitment to customer service and has earned a reputation for being a reliable and trustworthy insurance provider. It is a fully licensed insurance carrier that is rated A- (Excellent) by A.M. Best, a leading insurance industry rating agency.

What Makes Old American Insurance Stand Out?

There are several things that set Old American Insurance apart from other insurance providers. One is their focus on long-term care insurance. They offer a range of policies that are specifically designed to help individuals and families plan for and manage the costs of long-term care.

Another thing that makes Old American Insurance unique is their commitment to simplicity. They strive to make every aspect of their policies easy to understand, from the benefits to the costs. This helps their customers make informed decisions about their insurance coverage.

Types of Insurance Offered by Old American Insurance

Old American Insurance offers a variety of insurance policies to meet the needs of their customers. Some of their most popular policies include:

Long-Term Care Insurance

Old American Insurance’s long-term care insurance policies are designed to help individuals and families plan for and manage the costs of long-term care. Long-term care insurance can help cover the costs of care in a nursing home or assisted living facility, as well as home health care and other services.

Old American Insurance offers a variety of long-term care insurance policies to meet the needs of their customers. Their policies include:

• Traditional Long-Term Care Insurance
• Asset-Based Long-Term Care Insurance
• Hybrid Long-Term Care Insurance

Each type of policy has its own advantages and disadvantages, so it’s important to speak with an Old American Insurance agent to determine which type of policy is right for you.

Life Insurance

Old American Insurance offers both term and whole life insurance policies. Term life insurance provides coverage for a set period of time, while whole life insurance provides coverage for the rest of your life. Both types of policies have their own advantages and disadvantages.

If you’re not sure which type of life insurance policy is right for you, an Old American Insurance agent can help you determine which policy best meets your needs.

Annuities

Old American Insurance offers annuities, which are financial products that provide guaranteed income for a specific period of time or for the rest of your life. Annuities can be a good option for individuals who are looking for a steady stream of income in retirement.

Old American Insurance offers both fixed and indexed annuities, which have different features and benefits. A fixed annuity provides a guaranteed interest rate, while an indexed annuity’s interest rate is tied to a market index.

FAQ

How do I get a quote for insurance from Old American Insurance?

You can get a quote for insurance from Old American Insurance by visiting their website or by speaking with an Old American Insurance agent. To get a quote online, you’ll need to provide some basic information about yourself and your insurance needs.

What is long-term care insurance?

Long-term care insurance is a type of insurance that helps cover the costs of long-term care, such as care in a nursing home or assisted living facility, as well as home health care and other services. Long-term care insurance can help protect you and your loved ones from the high costs of long-term care.

What is an annuity?

An annuity is a financial product that provides guaranteed income for a specific period of time or for the rest of your life. Annuities can be a good option for individuals who are looking for a steady stream of income in retirement.

How do I file a claim with Old American Insurance?

To file a claim with Old American Insurance, you’ll need to contact their claims department. You can find the contact information for their claims department on their website or by speaking with an Old American Insurance agent.

What is the rating of Old American Insurance by A.M. Best?

Old American Insurance is rated A- (Excellent) by A.M. Best, a leading insurance industry rating agency. This rating indicates that Old American Insurance is a reliable and financially stable insurance provider.

Is Old American Insurance available in all states?

No, Old American Insurance is not available in all states. They currently operate in 47 states throughout the country. To find out if Old American Insurance is available in your state, you can visit their website or speak with an Old American Insurance agent.

Conclusion

Old American Insurance is a reliable and trustworthy insurance provider that offers a variety of insurance policies to meet the needs of their customers. From their commitment to customer service to their focus on long-term care insurance, there are many things that set Old American Insurance apart from other insurance providers.

If you’re in the market for insurance, consider Old American Insurance for your coverage needs. Their policies are designed to provide financial protection and peace of mind to you and your loved ones.