Merged Life Insurance Company Earns 47th “A” (Excellent) Rating from AM Best
WHITE PLAINS, NY, September 14, 2022 /PRNewswire/ — Merged Life Insurance Company (www.amalgamatedbenefits.com), a leading provider of comprehensive insurance solutions, obtained its 47e consecutive “A” (Excellent) rating from AM Best Company, a full-service credit rating agency dedicated to serving the insurance industry. An “A” (Excellent) rating attests to the company’s stable outlook and financial strength. This rating is used by employers, plan sponsors, brokers and consultants when selecting an insurance resource.
President and CEO of Amalgamated Life Insurance Company Paul Mallen said, “Our consistent ‘A’ ratings from AM Best demonstrate our unwavering commitment to the highest service standards and business processes. industry and regulation. Our quality financial management, customer service and approach to claims payment has earned us a solid reputation with our customers, broker network and industry peers. These attributes, coupled with the consistent performance of our high caliber team, have enabled us to maintain an “A” rating for what is now approaching five decades.
Throughout Amalgamated Life’s history, and in recent years under Mallen’s leadership, the company has continued to expand its market reach and expand its insurance and benefits offerings. . This steady growth has fostered its entry into new verticals and a larger share in various parts of the country.
About Amalgamated Life Insurance Company
Founded in 1943, Amalgamated Life Insurance Company has since become a leading provider of comprehensive insurance solutions operating in all 50 states and District of Colombia. The company offers competitive group products, including term life insurance, medical loss stoppage, disability and specialty drug cost management, as well as voluntary products such as accident, death and accidental dismemberment, critical illness, dental care, disability, hearing, identity theft, legal services, group insurance. Portable term life insurance and whole life insurance, among others.
Since 1975, Amalgamated Life Insurance Company has consistently received an “A” (Excellent) rating from AM Best Company, which attests to its strong financial position and claims-paying capabilities. The company is a member of the merged family of companies; which includes: a third-party administrator, the merged benefits administrators; Amalgamated Medical Care Management, a medical care management company; Amalgamated Agency, a property and casualty insurance broker; and AliGraphics, a printing company.
SOURCE Amalgamated Life Insurance Company