Aspida Life Insurance Company in Michigan specializes in providing financial security through annuities, life insurance, and retirement planning options. The company’s primary mission is to safeguard the aspirations of its clients and partners by offering reliable and uncomplicated financial solutions.
Aspida Life Insurance Company Overview
Aspida Life Insurance Company, which was founded in 1956 and has its headquarters located in Michigan, takes pride in its leadership team’s extensive collective experience, which spans over two centuries in the realms of direct and reinsurance annuity industries.
Leadership Team: The distinguished team includes notable individuals such as Lou Hensley, Jim Hunt, Blair Jacobson, Ryan Myrick, David Reilly, Andrew Cook, Linda Forte, and Gregory Boyko, each contributing their expertise and knowledge to the company.
As of April 28, 2023, Aspida Life Insurance Company stands strong with an A- “Excellent” rating from AM Best, therefore reflecting its robust financial position and ability to meet its commitments effectively.
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Aspida Life Insurance Company Partnership and Affiliates
Strategic Alliances: The Company has established a significant partnership with Ares Management Corporation, a renowned global alternative investment firm known for managing assets exceeding $300 billion.
This collaboration signifies the company’s commitment to strategic growth and diversification within the insurance industry.
Acquisition of Pavonia Life Insurance Company: As part of its ambitious growth strategy, the Company has successfully acquired Pavonia Life Insurance Company of Michigan, which includes the incorporation of its insurance operations.
This acquisition demonstrates Aspida’s dedication to expanding its reach and enhancing its service offerings in the insurance sector.
Services Offered at Aspida Life Insurance Company
Comprehensive Financial Offerings: First, the Company provides a wide range of financial products and services, including annuities, life insurance, and retirement planning solutions, therefore catering to diverse financial needs and offering comprehensive support to clients. They as well aim to empower clients by offering a suite of options.
Annuity Expertise:Next, Aspida’s annuity products ensure secure and stable returns for effective retirement planning. They also align with their mission to safeguard clients’ financial aspirations during retirement. This therefore ensures peace of mind and financial stability.
Versatile life insurance: Aspida also offers a versatile selection of life insurance policies, including term life, whole life, and universal life insurance. This therefore allows clients to choose coverage that suits their unique needs and circumstances. Whether clients seek long-term protection or a more flexible solution, Aspida has options to offer.
Supporting Retirement Planning: Furthermore, to aid clients in retirement planning, Aspida provides support through options like individual retirement accounts (IRAs) and 401(k) rollovers. These solutions therefore empower individuals to prepare for retirement, promoting financial security and stability.
In summary, the Company empowers clients by offering a comprehensive suite of financial options, including annuities, versatile life insurance policies, and retirement planning support. They provide diverse solutions that cater to different aspects of clients’ financial well-being, fostering financial security and stability.
Aspida Life Insurance Company Contact Information
Getting in touch with Aspida Life Insurance Company is convenient through their website, phone, or email, ensuring you can reach them during their operating hours.
| Method of Contact | Details |
|---|---|
| Website | Visit their website at www.aspida.com for information and resources. |
| Phone | Reach out to their customer service team at 1-800-277-2015 for direct assistance. |
| Send inquiries and messages to info@aspida.com for prompt responses. | |
| Operating Hours | Customer support is available from Monday to Friday, between 8:00 AM to 5:00 PM EST. |
Aspida Life Insurance Financial Strength
As of April 28, 2023, Aspida Life Insurance Company demonstrates its commitment to financial stability and responsible management. The company proudly holds an A- “Excellent” rating from AM Best, signifying its ability to meet its financial obligations and fulfill the promises made to policyholders. This strong rating provides peace of mind to those considering insurance coverage with Aspida.
Furthermore, Aspida maintains an impressive asset to liability ratio of 116.80%. This ratio showcases the company’s financial strength and capacity to manage its financial responsibilities effectively. With such a favorable ratio, Aspida therefore stands as a reliable choice for individuals seeking secure financial solutions and dependable insurance coverage.
Why Opt for Aspida Life Insurance Company
Aspida Life Insurance Company distinguishes itself by offering secure and uncomplicated financial solutions to its clients. However, what sets Aspida apart is its leadership team, which boasts a wealth of experience in the direct and reinsurance annuity industries.
With a cumulative experience of over 200 years, this team is therefore well-equipped to provide clients with best-in-class support precisely when they need it the most. This invaluable expertise ensures that clients can trust in Aspida’s commitment to protecting their financial dreams and securing their future.
Aspida Life Insurance Company Claim Process
To begin a claim process with Aspida Life Insurance Company, policyholders have two main ways to reach their customer service department. They can either call the dedicated phone line at 1-800-277-2015 or send an email to claims@aspida.com. However, it’s crucial for customers to have their policy number on hand when initiating a claim.
The approval time for a claim may vary depending on the specific claim’s nature. Different types of claims might involve varying levels of complexity or require different documentation. Aspida Life Insurance Company customizes its claim approval process to address the unique circumstances of each claim, ensuring efficient and effective service for policyholders.
Aspida Life Insurance Company Policy Renewals and Cancellations
Policyholders looking to renew their existing policies with the Company have a couple of convenient options. To begin with, they can reach out to the company’s customer service department by calling 1-800-277-2015 as well as utilize the online platform by logging into their account on the official Aspida website. These flexible renewal methods therefore make it easy for customers to continue their coverage with ease and convenience.
However, should a policyholder wish to cancel their policy before its designated term concludes, they can reach out to the customer service department for assistance. Furthermore, cancellation requests can also be submitted through email or traditional mail. Moreover, keep in mind that the specific cancellation fees can vary based on the policy type, so policyholders should consult their policy documents or contact the company for more information on applicable fees.
Aspida Life Insurance Company Pros and Cons
Pros:
- Offers secure and straightforward financial solutions.
- Holds an A- “Excellent” rating from AM Best.
Cons:
- No customer reviews or ratings available.
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