American Republic Insurance Company (Iowa) provides various types of individual life insurance products. These include whole life insurance, term life insurance, and universal life insurance.
American Republic Insurance Company (Iowa)
American Republic Insurance Company (ARIC), based in Des Moines, Iowa, is a life insurance company.
It was established in 1929 and is a subsidiary of American Enterprise Group, Inc.
ARIC provides a range of life insurance products, which include individual life insurance, group life insurance, and annuity products.
ARIC has the authority to operate in all 50 states and the District of Columbia. It holds an A+ (Superior) rating from A.M. Best and has been in operation for over 90 years.
You can access ARIC’s products through independent insurance agents in their network. To locate an agent nearby, you can either visit the company’s website or call 800-943-2121.
Contacts and Working Hours
American Republic Insurance Company (Iowa) offers various contact options to meet your specific needs.
If you’re a customer, you can reach ARIC’s customer service by calling 1-888-755-3064. They are available from 7:30 a.m. to 5 p.m. Central Time, Monday through Friday.
You can also leave a message on the company’s answering service, which operates 24/7, seven days a week.
Providers looking to get in touch with ARIC can call 1-800-228-6080.
For agents, ARIC provides agent support at 1-800-547-2401, with the option to select option 3.
If you have a general question or inquiry, you can also reach out to ARIC through mail at the following address:
| Contact Method | Information |
|---|---|
| Phone | Customer Service: 1-888-755-3064 |
| Providers: 1-800-228-6080 | |
| Agent Support: 1-800-547-2401, option 3 | |
| American Republic Insurance Company | |
| P.O. Box 1 | |
| Des Moines, IA 50306 | |
| Website | American Republic Insurance Company |
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Services and Products
American Republic Insurance Company (ARIC) presents a range of life insurance and annuity products.
Life Insurance
- Whole Life Insurance: This offers lifelong coverage and has the potential to accumulate cash value as time passes.
- Term Life Insurance: It provides coverage for a set period, like 10, 20, or 30 years.
- Universal Life Insurance: This type offers flexibility in coverage and cash value.
Annuities
- Fixed Annuities: They guarantee an interest rate and a certain payout upon retirement.
- Variable Annuities: These carry the potential for higher returns but also come with some level of risk.
- Immediate Annuities: These provide guaranteed income payments either immediately or at a later date.
ARIC also provides various group life insurance products tailored for employers and other organizations.
American Republic Insurance Company (Iowa) Financial Strength
ARIC possesses a robust financial strength rating. A.M. Best has granted it an A+ (Superior) rating, the fourth highest among 15 possible ratings.
This rating signifies ARIC’s substantial financial position, assuring its capacity to meet policyholder obligations.
With over 90 years of operation, ARIC has a lengthy history of financial stability. It has disbursed billions of dollars in claims to its policyholders.
ARIC is also part of the American Enterprise Group, Inc. (AEG), a large and esteemed insurance company with a strong financial foundation. AEG can offer support to ARIC when necessary.
In summary, ARIC is a financially sturdy insurance company with a proven history of stability. Policyholders can trust that ARIC will fulfill its commitments to them.
Factors contributing to ARIC’s robust financial strength
- Strong Capitalization: ARIC maintains a solid capitalization level, ensuring it has adequate assets to cover liabilities.
- High-Quality Investment Portfolio: ARIC invests in a high-quality portfolio, generating income while minimizing risk.
- Effective Underwriting Practices: ARIC boasts a successful track record of underwriting profits, meaning it generates more revenue from premiums than it pays out in claims.
- Reinsurance: ARIC purchases reinsurance to safeguard against significant and unforeseen losses.
Claims Process, Cancellations and Renewals at American Republic Insurance Company (Iowa)
Claims Process
To file a claim with ARIC, contact customer service at 1-888-755-3064. A customer service representative will assist you in submitting your claim.
ARIC will then assign a claims adjuster to your case, who will investigate and gather necessary information. After the investigation, the claims adjuster will make a decision regarding your claim.
If your claim is approved, ARIC will provide you with the benefits entitled under your policy. If your claim is denied, ARIC will clarify the reason for the denial and guide you on how to appeal the decision.
Cancellations at American Republic Insurance Company (Iowa)
You can cancel your ARIC policy at any time. To cancel, contact customer service and submit a written cancellation request. ARIC will confirm the cancellation.
If you cancel before the term ends, you might be eligible for a refund of unused premiums.
Renewals
ARIC will automatically renew your policy at the end of the term. If you don’t want the policy to renew, notify customer service of your decision.
For any questions about your ARIC policy, filing a claim, or canceling your policy, reach out to customer service at 1-888-755-3064.
Affiliates and Partnerships
American Republic Insurance Company (ARIC) operates as an affiliate of American Enterprise Group, Inc. (AEG).
AEG is a substantial and highly regarded insurance company with a strong financial position. ARIC has established partnerships with various entities, including:
Independent Insurance Agents: ARIC’s products are accessible through a network of independent insurance agents.
Financial Institutions: ARIC collaborates with multiple financial institutions, such as banks and credit unions, expanding its product reach to a broader customer base.
Employers: ARIC offers group life insurance products tailored for employers and various organizations.
Nonprofit Organizations: ARIC partners with several nonprofit organizations like AARP and the American Diabetes Association. These alliances enable ARIC to provide its products to organization members at discounted rates.
ARIC’s affiliations and partnerships broaden its customer outreach and product and service diversity.
ARIC remains dedicated to delivering the best possible customer experience, with the support of its affiliates and partnerships.
Additionally, ARIC is a member of the following organizations:
- American Council of Life Insurers (ACLI)
- Iowa Insurance Association (IIA)
- Des Moines Chamber of Business
These memberships empower ARIC to stay informed about the latest industry news and trends while advocating for the interests of its policyholders.
Customer Reviews on American Republic Insurance Company (Iowa)
Customer reviews about ARIC vary. Some customers appreciate the company for its robust financial strength, good customer service, and competitive rates.
On the other hand, some express dissatisfaction with slow claim processing and challenges reaching customer service representatives.
Benefits to working with American Republic Insurance Company (Iowa)
- Financial Strength: ARIC holds an A+ (Superior) rating from A.M. Best, demonstrating its strong financial position and ability to meet policyholder obligations.
- Product Variety: ARIC provides a wide range of life insurance and annuity products, catering to diverse customer needs.
- Customer Service: ARIC is dedicated to delivering excellent customer service, ensuring policyholders receive the support they need.
- Competitive Rates: ARIC offers competitive rates on its products, potentially saving customers money.
- Long History of Stability: With over 90 years in operation, ARIC has a lengthy history of stability, providing assurance to policyholders.
Frequently Asked Questions (FAQs)
What types of insurance does ARIC offer?
ARIC offers a variety of life insurance and annuity products, including:
- Whole-life insurance
- Term life insurance
- Universal life insurance
- Fixed annuities
- Variable annuities
- Immediate annuities
- Group life insurance
How do I cancel my ARIC policy?
You can cancel your ARIC policy at any time. To do so, get in touch with customer service and submit a written cancellation request.
ARIC will send you a confirmation of the cancellation. If you cancel before the term’s end, you may be eligible for a refund of any unused premiums.
How do I renew my ARIC policy?
ARIC will automatically renew your policy at the end of the term. If you don’t want your policy to renew, contact customer service and inform them of your decision.
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