Introduction to Great Western Insurance
Great Western Insurance is a life insurance company that was created to provide peace of mind and protection for customers when it comes to planning for the future. It was founded in 1983 and is headquartered in Ogden, Utah. Under the umbrella of Americo Life Inc., Great Western Insurance provides a range of annuity and life insurance products for customers across the United States.
Great Western Insurance provides a range of permanent and term life insurance policies to meet the needs of its customers. Its permanent life insurance policies, which include whole life and universal life insurance, offer lifelong coverage and access to cash value accumulation. Its term life insurance policies, which include level term, return of premium, and annual renewable term, provide coverage for a specified period of time and are generally the most affordable type of life insurance policy.
For individuals who have difficulty qualifying for traditional coverage, Great Western Insurance also offers graded benefit whole life insurance. This insurance policy is designed for people who may have pre-existing medical conditions, however it typically comes with a higher premium and may have limitations on the benefit it provides.
Great Western Insurance also offers a range of annuity products, including fixed-rate, indexed, immediate and deferred annuities. Annuities can help customers save for retirement and provide a guaranteed stream of income in retirement. Great Western Insurance offers annuity products that are customizable to meet the individual needs of its customers.
Great Western Insurance prides itself on providing exceptional customer service. The company has a team of over 300 employees dedicated to providing customers with a seamless experience when purchasing and managing their policies. Great Western Insurance also has high ratings for financial strength and stability from independent rating agencies such as A.M. Best, which testifies to the company’s commitment to ensuring that customers are protected and their assets are secure.
Overall, Great Western Insurance is a reliable life insurance and annuity company that provides various types of coverage to its customers. The company’s commitment to providing quality products and exceptional customer service is what sets it apart from other life insurance companies in the market.
History and Background of Great Western Insurance
Great Western Insurance Company was founded in 1983 in Ogden, Utah. It was established as a subsidiary of Western American Life Insurance Company, which had been in the insurance industry since 1961. Great Western Insurance was created to focus on Medicare supplement policies for seniors. The company has since expanded its product offerings to include other types of insurance.
Great Western Insurance Company is headquartered in Ogden, Utah, and has been serving customers for over 35 years. Today, the company has more than 300,000 active policies and is licensed to sell insurance in 47 states across the United States. It is rated A- (Excellent) by A.M. Best, an independent insurance rating agency.
One of Great Western Insurance’s core values is to put customers first. The company’s mission is to provide quality, affordable insurance products to seniors and others in need of insurance coverage. The company focuses on building long-lasting relationships with its customers and providing them with excellent customer service. Great Western Insurance strives to make the insurance buying process easy and stress-free for its customers.
Great Western Insurance is committed to giving back to the community. The company supports several local charities and community organizations, including the Road Home, an organization that provides shelter and resources to homeless families and individuals.
The company’s product offerings include Medicare supplement insurance, life insurance, and annuities. Medicare supplement insurance is designed to help cover the out-of-pocket expenses that are not covered by Medicare. Great Western Insurance’s Medicare supplement plans are standardized and designed to work with Original Medicare. The company’s life insurance products include term life insurance, whole life insurance, and final expense insurance. Annuities offered by Great Western Insurance include fixed and fixed-indexed annuities.
Overall, Great Western Insurance Company has a strong reputation in the insurance industry, with a focus on serving seniors and providing quality, affordable insurance products. The company’s commitment to putting customers first and giving back to the community sets it apart from other insurance companies.
Types of Insurance Offered by Great Western Insurance
Great Western Insurance is a well-known insurance company that has been around for many years. They offer various types of insurance that cater to the needs of different individuals and businesses. In this article, we will discuss the different types of insurance offered by Great Western Insurance.
1) Life Insurance
One of the most popular types of insurance offered by Great Western Insurance is life insurance. Life insurance provides financial protection to your loved ones in the event of your untimely death. Great Western Insurance offers term, whole, and universal life insurance policies. These policies are customizable to meet the specific needs of the policyholder.
The term life insurance policy provides coverage for a specified period of time, while the whole life insurance policy provides coverage for the entire life of the policyholder. Universal life insurance policy offers flexibility in premium payments and death benefit amounts. Great Western Insurance guarantees that policyholders will be eligible for death benefit payouts as long as they pay their premiums on time.
2) Medicare Supplement Insurance
Great Western Insurance also offers Medicare Supplement Insurance, which is also known as Medigap. This type of insurance is designed to cover the gaps in coverage that are not covered by Original Medicare. Medigap policies are standardized by the federal government; however, Great Western Insurance offers additional benefits that are not provided by other companies. Policyholders who choose Great Western Insurance for their Medigap policy will have peace of mind knowing that they are covered in case of any medical emergency.
Annuities are another type of insurance offered by Great Western Insurance. An annuity is a contract between an individual and an insurance company. The policyholder pays a premium to the insurance company in exchange for a guaranteed income stream for a certain period of time. This type of insurance is great for those who want to plan for their retirement. Great Western Insurance offers various types of annuities, including fixed annuities, indexed annuities, and immediate annuities. Each of these annuities offers unique benefits and flexibility to policyholders.
4) Final Expense Insurance
Great Western Insurance also offers final expense insurance, which is also known as burial insurance. Final expense insurance is designed to cover the costs associated with one’s funeral and burial. This type of insurance is great for seniors who want to avoid leaving their loved ones with the financial burden of their funeral expenses. Great Western Insurance offers policies that are affordable and customizable.
5) Home Insurance
Great Western Insurance also offers home insurance to homeowners. Home insurance provides financial protection in case of any damages to the home or personal possessions. Homeowners can choose from several different policies, including basic, broad, and comprehensive coverage. Great Western Insurance policies provide coverage for damages caused by fire, wind, hail, lightning, and theft. They also offer additional coverage options for flood and earthquake damages.
In conclusion, Great Western Insurance is an insurance company that offers a wide range of insurance policies to suit the needs of different individuals and businesses. As we’ve discussed in this article, the types of insurance offered by Great Western Insurance include life insurance, Medicare Supplement insurance, annuities, final expense insurance, and home insurance. Regardless of your insurance needs, Great Western Insurance can help you protect your future by providing you with the insurance coverage you need.
Benefits of Choosing Great Western Insurance
Choosing an insurance provider can be a daunting task, but with Great Western Insurance, you can be assured of comprehensive coverage and unparalleled benefits. Great Western Insurance is known for its excellent customer service, financial stability, and innovative products.
1. Peace of Mind
One of the key benefits of choosing Great Western Insurance is peace of mind. You can rest easy knowing that you are covered for any unforeseen events, from medical expenses to accidents or theft. Great Western Insurance offers a variety of policies to suit different needs, including health, auto, home, and life insurance. You can customize your coverage to fit your lifestyle and budget, ensuring that you only pay for what you need.
2. Customer Service
Great Western Insurance prides itself on its customer service team. Their knowledgeable and friendly representatives are available to assist you with any questions or concerns you may have. You can trust that your claims will be handled quickly and efficiently with their expert guidance. Great Western Insurance also offers a variety of online tools and resources, making it easy to manage your policy from any device, anytime, anywhere.
3. Financial Stability
Great Western Insurance has been in the business for over a century, making it a reliable and trustworthy insurance provider. They have earned high ratings from top industry rating agencies, indicating their strong financial stability and ability to pay claims. You can be assured that your coverage is backed by a strong and secure company that will be there for you when you need it most.
4. Innovative Products
Great Western Insurance is known for its innovative products that are designed to meet the changing needs of its customers. They offer a variety of personalized solutions to fit your lifestyle, from usage-based auto insurance to critical illness coverage. Great Western Insurance is also committed to offering policies that are affordable and easy to understand, making it easy for you to choose the right coverage for your needs.
One of their most popular products is their final expense life insurance, which helps cover the costs associated with end-of-life expenses, such as funeral and burial costs. This policy is available to individuals between the ages of 50 and 85 and offers fast and easy approval, with no medical exam required. Great Western Insurance also offers free funeral planning services to ensure that your final wishes are carried out as you intended.
In conclusion, Great Western Insurance offers comprehensive coverage, exceptional customer service, a strong financial backing, and innovative products. Choosing Great Western Insurance means choosing peace of mind, knowing that you are covered for any situation that may arise. With a variety of policies to suit different needs and budgets, Great Western Insurance makes it easy to choose the right coverage for you and your family.
Claims and Customer Service at Great Western Insurance
Great Western Insurance is known for its reliable insurance products and exceptional customer service. The company provides a wide range of insurance products, including home, auto, and life insurance, among others. The company’s customer service is superb, and its claims process is seamless. This article will focus on the claims and customer service at Great Western Insurance.
Claims at Great Western Insurance
Great Western Insurance understands that the claims process can be overwhelming for its customers. That’s why the company has a claims department that is dedicated to ensuring that the process is as seamless as possible. Whether you need to file a claim for home, auto, or life insurance, Great Western Insurance offers quick and efficient claims processing.
The process of filing a claim at Great Western Insurance is straightforward. The company has a team of experienced claims adjusters who can help you with the process. You can file your claim online or by phone. The company encourages its customers to report their claims as soon as possible to minimize delays in the processing of their claims. Once a claim is reported, the adjuster will take over the process and communicate with you throughout the process.
Great Western Insurance’s claims process is fast and efficient. Most claims are processed within a few days, depending on the complexity of the claim. The company also offers its customers the option of tracking their claims online, which allows them to monitor the progress of their claims in real-time.
Customer Service at Great Western Insurance
Customer service is one of the core values at Great Western Insurance. The company goes above and beyond to ensure that its customers are satisfied with the products and services it offers. The company has a highly trained customer service team that is available round the clock to provide assistance whenever it’s needed. Whether you have a question about your policy or need to file a claim, the customer service team is always there to help.
The company has invested heavily in technology to ensure that its customers can easily access its products and services. Great Western Insurance has a user-friendly website that allows customers to access policy information, file claims, and make payments online. The company also offers a mobile app that customers can download to their smartphones, which makes it easy for them to manage their policies, file claims, and receive updates on their claims.
The company’s commitment to excellent customer service is reflected in the numerous positive reviews it has received from its customers. Many people have praised the company for the exceptional service they received, and have commended the company on its quick and efficient claims processing.
In conclusion, Great Western Insurance is an excellent insurance provider that offers reliable products and exceptional customer service. The company’s claims process is seamless, and its customer service team is always available to provide assistance. If you’re in the market for insurance products, Great Western Insurance is definitely worth considering.
Coverage and Limits: What You Need to Know
Great Western Insurance provides coverage for a wide range of needs, including auto insurance, home insurance, and life insurance. They offer personal and commercial policies, as well as coverage for recreational vehicles.
Auto insurance coverage from Great Western Insurance includes liability coverage, which pays for damages caused by the policyholder in an accident. They also offer collision and comprehensive coverage, which pay for damages to the policyholder’s vehicle. Underinsured or uninsured motorist coverage is also available to cover damages in accidents where the other driver doesn’t have enough insurance, or no insurance at all.
Home insurance policies from Great Western Insurance typically cover damage to the structure and contents of the policyholder’s home. Liability coverage is also typically included in case someone is injured on the policyholder’s property. Home insurance policies may also offer coverage for additional structures, like detached garages, sheds, and fences. Some policies may also offer coverage for flood and earthquake damage, depending on the policyholder’s location.
Life insurance from Great Western Insurance can provide a lump sum payment to the policyholder’s beneficiaries upon their death. This payment can help cover expenses like funeral costs, outstanding debts, and ongoing living expenses for the policyholder’s family. Great Western Insurance offers both term and permanent life insurance policies, giving policyholders the flexibility to choose the coverage that best fits their needs.
Recreational vehicle coverage from Great Western Insurance can protect policyholders’ investments in RVs, boats, and other recreational vehicles. Coverage can include liability coverage, as well as coverage for damage to the vehicle itself. Policies may also offer protection for personal belongings inside the vehicle.
Great Western Insurance coverage and limits vary depending on the policy type and the policyholder’s individual needs. Policyholders can work with an agent to determine the coverage and limits that are right for them. Generally, policies provide coverage up to a certain limit or maximum amount. Once the limit is reached, the policyholder is responsible for paying any additional expenses out of pocket.
It’s important for policyholders to carefully review their coverage and limits to ensure they have the protection they need. Great Western Insurance policies may offer additional coverage options, like roadside assistance for auto policies or identity theft protection for home policies. Policyholders should also be aware of any exclusions or limitations on their coverage, like exclusions for pre-existing conditions in a life insurance policy.
In conclusion, Great Western Insurance offers a variety of coverage options for individuals and businesses. From auto insurance to life insurance, they have policies that can help people protect their assets and secure their financial future. Understanding coverage and limits is an important part of choosing the right insurance policy. With the help of a Great Western Insurance agent, policyholders can design a policy that meets their specific needs and provides the peace of mind they deserve.
Choosing the Right Great Western Insurance Policy for You
Choosing an insurance policy can be a daunting task, especially with so many options available in the market. Great Western Insurance offers a wide range of insurance policies, tailored to meet the needs of different individuals. Some of the key factors that you should consider when choosing the right policy for yourself are:
1. Your budget:
The first and foremost thing that should influence your decision about the type of policy you choose is your budget. You should consider your monthly income and expenses. You don’t want to purchase a policy that is too expensive and will leave you broke at the end of every month. It is advisable to choose a policy that you can afford without having to worry about money in the long run.
2. Your insurance needs:
You should consider the type of coverage you need from the policy. If you own a house, you may consider purchasing a policy that covers the structure and your belongings in case of damage or theft. Similarly, if you have a car, you may consider purchasing a policy that provides coverage for car accidents and theft. It is essential to determine the scope of coverage you require and choose the policy that covers your needs.
3. Policy features:
Most insurance policies come with add-on features that boost your coverage. You should consider the additional features of a policy before making a decision. For example, you may want to purchase a policy that offers roadside assistance, medical coverage, or even pet coverage. Compare the features of different policies and select the one that offers the maximum benefits that suit your needs.
4. Insurance company reputation:
The reputation of the insurance company you are considering is critical. You want a provider that has a good reputation of paying out claims promptly and efficiently, with minimum hassle. You can read reviews of the company and try to find out about their customer service. It is essential to ensure that the insurance company has a good track record.
The deductible is the amount you will have to pay out of pocket before the insurance company covers the rest of the costs. You should choose the policy with a deductible that you can afford. A higher deductible can lower the monthly premiums, but in the event of a claim, you will have to pay more out of pocket.
6. Payment options:
Check the payment options available. You want to select a policy that offers payment options that suit your preferences. You may consider paying the policy annually, semi-annually, or monthly. Some insurance companies may also offer discounts if you pay the policy upfront.
7. Online tools and resources:
Finally, you should consider the online tools and resources that are available. Many insurance companies offer online tools that help you calculate the cost of the policy, compare prices, and even file a claim online. It is important to select a policy with these tools and resources as they make the process of purchasing and managing your policy more comfortable and convenient.
In conclusion, choosing the right insurance policy from Great Western Insurance requires careful consideration of the factors discussed above. By taking your time to evaluate your insurance needs, budget, policy features, insurance company reputation, deductible, payment options, and available online tools, you can make the best decision that suits your needs.
Great Western Insurance for Businesses
Great Western Insurance offers a wide range of coverage for businesses of all sizes and industries. Their policies are designed to provide comprehensive protection against various risks that businesses face, from property damage and liability claims to employee injuries and business interruption.
Here are 8 types of business insurance that are offered by Great Western Insurance:
1. Property Insurance
Property insurance protects your business property, including buildings, equipment, and inventory, from various risks such as fire, theft, and natural disasters. Great Western Insurance offers property insurance policies that can be customized to meet the specific needs of your business.
2. Liability Insurance
Liability insurance protects your business from third-party claims of bodily injury, property damage, and other related losses. Great Western Insurance has liability insurance policies that can be tailored to meet the specific needs of different businesses.
3. Workers’ Compensation Insurance
Workers’ compensation insurance provides coverage for medical expenses and lost wages for employees who are injured or become ill on the job. Great Western Insurance offers workers’ compensation insurance that meets the requirements of various states.
4. Commercial Auto Insurance
Commercial auto insurance provides coverage for vehicles used for business purposes, such as delivery trucks and company cars. Great Western Insurance offers flexible commercial auto insurance policies that can be customized to match the needs of different businesses.
5. Commercial Umbrella Insurance
Commercial umbrella insurance provides additional coverage on top of other liability insurance policies. Great Western Insurance offers commercial umbrella insurance that can be customized to provide extra protection against liability claims that exceed the limits of other policies.
6. Cyber Liability Insurance
Cyber liability insurance provides coverage for losses resulting from cyber-attacks and data breaches. It covers costs such as data recovery, legal fees, and notification expenses. Great Western Insurance offers cyber liability insurance policies that can be customized to meet the specific needs of different businesses.
7. Employment Practices Liability Insurance (EPLI)
EPLI provides coverage for claims of employment-related issues, such as discrimination, wrongful termination, and sexual harassment. Great Western Insurance offers EPLI policies that can be customized to meet the specific needs of different businesses.
8. Business Interruption Insurance
Business interruption insurance provides coverage for lost income and related expenses resulting from unexpected events that interrupt business operations, such as natural disasters or power outages. Great Western Insurance offers business interruption insurance that can be customized to meet the specific needs of different businesses.
In conclusion, businesses face various risks that can result in significant losses. Great Western Insurance offers a wide range of insurance policies that can protect businesses from these risks and provide peace of mind. The policies can be customized to meet the specific needs of a business, and they are backed by exceptional customer service and claims handling.
Great Western Insurance for Individuals and Families
Great Western Insurance is dedicated to providing a range of insurance policies, including life and health insurance, to individuals and families across the United States. Their policies are designed to accommodate individuals and families with a range of health and financial backgrounds, making it easier than ever to find a policy that perfectly fits your needs.
Here are some of the types of insurance policies Great Western Insurance offers for individuals and families:
1. Term Life Insurance
Term life insurance is a type of life insurance policy that covers a specific period, providing financial protection to your beneficiaries in case of your untimely death. Great Western Insurance offers a variety of term life insurance policies ranging from 10 to 30 years, with the option of choosing a fixed or graduated premium policy.
2. Permanent Life Insurance
Permanent life insurance, unlike term life insurance, provides lifelong coverage, offering a death benefit payout to your beneficiaries upon your death. Permanent life insurance policies, such as whole life insurance or universal life insurance, also come with the added benefit of being an investment and savings tool, accumulating cash value over time.
3. Medicare Supplement Insurance
Medicare supplement insurance, also known as Medigap insurance, is an insurance policy designed to supplement Medicare, covering some of the costs not covered by original Medicare. Great Western Insurance offers a range of Medigap policies for individuals and families, each covering different out-of-pocket expenses, such as coinsurance, copayments, and deductibles.
4. Final Expense Insurance
Final expense insurance, also known as burial insurance, is a type of insurance policy designed to cover end-of-life expenses, including funeral costs. Great Western Insurance offers a variety of final expense insurance policies, each with different benefit amounts to fit your specific needs and budget.
5. Hospital Indemnity Insurance
Hospital indemnity insurance is an insurance policy designed to cover the costs of hospitalization, including room and board, surgery, and other medical procedures. Great Western Insurance offers a range of hospital indemnity insurance policies, providing financial assistance to individuals and families facing unexpected hospitalization costs.
6. Cancer Insurance
Cancer insurance is an insurance policy designed to provide financial protection in the event of a cancer diagnosis, covering expenses such as chemotherapy, radiation, and surgery. Great Western Insurance offers a variety of cancer insurance policies, each with different benefit amounts and coverage options.
7. Dental Insurance
Dental insurance is an insurance policy designed to help cover the costs of routine dental care and procedures, including fillings, cleanings, and x-rays. Great Western Insurance offers a range of dental insurance policies, each providing different levels of coverage to fit your specific dental care needs.
8. Vision Insurance
Vision insurance is an insurance policy designed to help cover the costs of routine eye care, including eye exams, glasses, and contact lenses. Great Western Insurance offers a variety of vision insurance policies, each providing different levels of coverage to fit your specific vision needs.
9. Disability Insurance
Disability insurance is an insurance policy designed to provide financial assistance in case of a disability that prevents you from working. Disability insurance policies offered by Great Western Insurance provide income replacement and assistance with everyday living expenses and are designed to fit the specific needs of individuals and families.
Great Western Insurance policies offer flexibility, affordable premiums, and comprehensive coverage to help individuals and families feel secure in the face of unexpected medical or financial contingency. Great Western insurance understands that individuals have different needs and their policies are designed to accommodate each one of them. With Great Western Insurance, individuals and families can select from a range of policies at affordable prices and can rely on their policies to provide them with the protection that they need.