United Investors Life Insurance Company · Birmingham, AL United States
Company Description
Phone: 205-325-4300
Fax: 205-325-4157
Toll Free: 800-288-2722
View United Investors Life Insurance Company Locations On A US Map
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This link will open in a new window United Investors Life Insurance presents a united front in the battle for life insurance and a peaceful retirement for middle-income Americans. The company sells a variety of life insurance and annuity products, including variable universal life, variable annuities, term life, whole life, and fixed annuities. United Investors Life Insurance, which was founded in 1961, markets its products through more than 4,000 representatives across the US. A bad breakup with a significant customer in 2001 reduced revenues, and several of the company's products are operating in run-off. The company is a subsidiary of Torchmark Corporation . To read the full description, subscribe now.
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Key United Investors Life Insurance Company Financials
| Company Type | Subsidiary Single Location |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $397.9 |
| Employees | 108 |
United Investors Life Insurance Company Executives
8 executives listed for United Investors Life Insurance Company's Birmingham, AL location.
| Title | Name & Bio | Contact |
| President and CEO | Anthony McWhorter | Network |
| VP and Controller | James Mayton | Network |
| EVP | Danny Almond | Network |
Competition
Competitive Landscape for United Investors Life Insurance Company
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top United Investors Life Insurance Company Competitors
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