Oklahoma Surety Auto Insurance Review

Looking for auto insurance companies is always a challenge, but taking time to compare options can help make it easier to find something that fits individual needs. One option that many might consider is Old American Insurance. This company has a long-standing history and is a well-established business that has provided different types of insurance policies to families for generations.

Insurance Misunderstanding:

Many might wonder whether Old American Insurance offers cheap auto insurance. The fact is, Old American is not an auto insurance company. The business focuses on providing life insurance and health insurance to their customers with the primary focus on life policies.

Though the company is considered an insurance group, it does not offer auto insurance as one of the options. Customers are able to obtain life insurance or health insurance through the business.

Founding:

Old American Insurance has a long history that began with its 1939 founding and incorporation. The business
started as a small company in Kansas City, Missouri and has grown to the financially stable corporation that is still providing insurance to families and individuals.

Insurance Options:

As noted previously, Old American does not provide any type of auto insurance. In fact, the company’s main focus is on the life insurance policy options available.

Understanding the options can help determine if the company suits individual needs or if it does not provide the appropriate policy.  Onemajor policy offered by the business is Final Expense Insurance. This small life insurance policy is designed to pay for the funeral, burial and last expenses associated with the policy holder’s death. The insurance is designed to ease some of the financial burden from the family in the event a death occurs. Like any other type of life insurance policy, it is possible to select a term-life option or a full-life policy depending on individual preferences.

Old American also offers Income Replacement Protection for customers. This type of policy is designed to help in the event a disability or health condition occurs that prevents the policy holder from going to work. This policy often falls under the category of health insurance because it is meant to provide income replacement in the event an accident or illness causes a man or woman to lose their job. It supplements income until health improves so the burden is lower.

The company also provides a juvenile insurance policy that helps provide peace of mind to parents that their children are able to obtain health care until they reach 21 years old. This can include a life insurance policy and a health insurance policy, based on the parent’s preferences.

Old American Insurance also offer a health insurance policy for the whole family. This helps minimize the risk of death and improves a family’s peace of mind that in an emergency, they will have appropriate coverage to handle the situation.

Kansas City Insurance Company:

Old American became a member of the Kansas City Insurance Company in 1985 and has remained a member since. Though it has partnered with the other insurance company, the only policies available are the life insurance and health insurance options. The Kansas City Insurance Company is designed for life insurance and is not meant for auto insurance options.

Rating and Legitimacy:

In this modern time when new frauds and scams are discovered every day, careful selection of an insurance company is a vital part of maintaining a healthy financial situation.

As a long established company that is highly stable when compared to other businesses, Old American is a great option to avoid scam artists and other businesses that seek to take advantage of their clients. This fact is further established by the company’s high rating numbers and satisfaction data.

Though the corporation is not a member of the Better Business Bureau, it has received an excellent rating. The BBB has given the insurance company an A+ rating, suggesting that customers are satisfied and that any complaints are dealt with quickly, efficiently and to the satisfaction of the client’s situation.

AM Best has given the company a B++ rating for their financial stability, customer satisfaction and growth over time. The rating shows that the business is continuing to meet their financial obligations and is stable enough that customers will not need to worry about the future.

With an average net profit of four million per year and a surplus of over 14 million, the business is in strong standing and is not likely to have any problems meeting the needs of their customers in the near future.  Try our FREE insurance quote calculator today by entering you ZIP code!

Conclusion:

Anyone looking for insurance in the Kansas City area might consider Old American Insurance as an option. Unfortunately, it is not an auto insurance company so anyone looking for car insurance will need to seek other options. When it comes to life and health insurance, the business is a great option to meet a family or individual’s needs. Old American is a stable, well-rated and strong life insurance company, but it is does not cover of all insurance necessities.