Washington National Insurance: Providing Financial Security for Families and Businesses

Washington National Insurance Company is a provider of supplemental health and life insurance products for individuals, families and businesses. Founded in 1911, the company has more than a century of experience in the industry and has consistently provided customers with products that offer financial security and peace of mind.

History of Washington National Insurance Company

In 1909, brothers Gene and Ralph W. Lotspeich founded the Lotspeich and Sons Insurance Agency in Evanston, Illinois. In 1911, the brothers decided to start their own insurance company, Washington National Insurance Company. They named the company after the first president of the United States, George Washington, and the nation’s capital.

The company’s first products were accident and health insurance policies. By the end of the company’s first year, it had sold more than 2,000 policies.

Over the years, Washington National Insurance Company has expanded its product offerings to include life insurance, cancer insurance, critical illness insurance, and annuities. The company is now a subsidiary of CNO Financial Group, which is headquartered in Carmel, Indiana.

Products Offered by Washington National Insurance Company

Washington National Insurance Company provides a range of supplemental health and life insurance products, including:

Product
Description
Cancer insurance
Provides a lump-sum payment if the policyholder is diagnosed with cancer.
Critical illness insurance
Provides a lump-sum payment if the policyholder is diagnosed with a critical illness such as heart attack, stroke, or organ failure.
Life insurance
Provides a death benefit to beneficiaries upon the policyholder’s death.
Annuities
Provides a guaranteed stream of income in retirement.

Washington National Insurance Company also offers a range of optional riders and benefits that can be added to its policies, including:

  • Accidental death benefit rider
  • Hospital confinement indemnity rider
  • Return of premium rider

Why Choose Washington National Insurance Company?

Washington National Insurance Company prides itself on providing quality products and exceptional customer service. The company has consistently earned high ratings from independent rating agencies such as A.M. Best and Standard & Poor’s.

Here are some reasons why you might consider choosing Washington National Insurance Company:

  • Experience: With more than a century of experience in the industry, Washington National Insurance Company is a trusted provider of supplemental health and life insurance products.
  • Financial stability: The company is a subsidiary of CNO Financial Group, which has more than $34 billion in assets under management.
  • Flexibility: Washington National Insurance Company offers a range of products and optional riders that can be tailored to meet your specific needs.
  • Customer service: The company has a dedicated team of customer service representatives who are available to answer your questions and provide support.

Frequently Asked Questions

Q: What is supplemental health insurance?

A: Supplemental health insurance is a type of insurance that helps cover out-of-pocket expenses that are not covered by traditional health insurance. Examples of supplemental health insurance include cancer insurance, critical illness insurance, and hospital indemnity insurance.

Q: How is cancer insurance different from traditional health insurance?

A: Cancer insurance provides a lump-sum payment if you are diagnosed with cancer, regardless of the actual cost of your medical treatments. Traditional health insurance, on the other hand, covers the cost of your medical treatments up to a certain limit.

Q: What is a critical illness?

A: A critical illness is a serious medical condition that can have a significant impact on your life. Examples of critical illnesses include heart attack, stroke, and organ failure.

Q: What is an annuity?

A: An annuity is a financial product that provides a guaranteed stream of income in retirement. Annuities are typically purchased with a lump sum of money and can provide a fixed or variable rate of return.

Q: How do I file a claim with Washington National Insurance Company?

A: To file a claim with Washington National Insurance Company, you can call the company’s customer service line or visit its website to download a claims form. You will need to provide information about your policy and your claim, as well as any supporting documentation.

Conclusion

Washington National Insurance Company is a trusted provider of supplemental health and life insurance products. With more than a century of experience in the industry, the company has consistently provided customers with products that offer financial security and peace of mind.

Whether you are an individual, a family, or a business, Washington National Insurance Company has a range of products and optional riders that can be tailored to meet your specific needs. With exceptional customer service and a commitment to quality, Washington National Insurance Company is a great choice for anyone looking for supplemental insurance products.