Caterpillar Life Insurance Company also offers stop-loss insurance to a trust called the Missouri Voluntary Employees’ Beneficiary Association (VEBA).
This trust helps pay for the medical claims of retired salaried Caterpillar employees under the VEBA.
Caterpillar Life Insurance Company (Missouri)
Caterpillar Inc., a top manufacturer of construction and mining equipment, engines, turbines, and locomotives, owns Caterpillar Life Insurance Company in Missouri.
This insurance company is based in Missouri and is mainly overseen by the Missouri Department of Insurance.
It’s authorized to offer life, accident, and health insurance in 26 states and the District of Columbia.
Contacts
| Caterpillar Life Insurance Company (Missouri) | Contact Information |
|---|---|
| Address | 3820 Chiles Rd., Davis, CA 95616 |
| Phone | (916) 756-3030 |
| Fax | (916) 756-3535 |
| Website | https://benefits.cat.com/en/US-Life-Insurance.html |
| P.O. Box 16127, Davis, CA 95616-1127 |
Services and Products
The company furnishes a range of life and health insurance products to Caterpillar employees, retirees, and their families. These offerings encompass:
- Life insurance: Caterpillar Life Insurance Company provides term life insurance, whole life insurance, and universal life insurance.
- Accident and health insurance: They offer major medical insurance, dental insurance, vision insurance, and disability insurance.
Caterpillar Life Insurance Company also supplies stop-loss insurance protection to a Missouri Voluntary Employees’ Beneficiary Association (VEBA) trust.
This trust is used to cover the medical expenses of salaried retirees at Caterpillar under the VEBA.
More details about the company’s products and services
- Life insurance: Caterpillar Life Insurance Company offers different life insurance options to meet customers’ needs. These include term life insurance, which covers a specific time period, whole life insurance, which covers the entire life, and universal life insurance, which allows flexibility in adjusting the death benefit and premiums.
- Accident and health insurance: Caterpillar Life Insurance Company provides a variety of accident and health insurance products. These include major medical insurance, dental insurance, vision insurance, and disability insurance. Major medical insurance covers a wide range of medical expenses like hospitalization, surgery, and prescription drugs. Dental insurance covers dental care like cleanings, fillings, and crowns. Vision insurance covers eye care, including glasses and contact lenses. Disability insurance offers coverage if the insured cannot work due to illness or injury.
- Stop loss insurance: Caterpillar Life Insurance Company also gives stop loss insurance protection to a Missouri Voluntary Employees’ Beneficiary Association (VEBA) trust. This type of insurance safeguards employers from substantial financial losses caused by employee health claims.
Financial Details of Caterpillar Life Insurance Company (Missouri)
Caterpillar Life Insurance Company holds a robust financial rating. A.M. Best rates it as A+ (superior), and Standard & Poor’s rates it as AA- (very strong).
These ratings show that Caterpillar Life Insurance Company is financially stable and capable of meeting its commitments to policyholders.
Claims Process, Cancellations and Renewals
To file a claim with Caterpillar Life Insurance Company, you have two options. You can visit the company’s website, or you can call their customer service number.
They will supply you with a claim form to complete, along with any necessary supporting documents.
Caterpillar Life Insurance Company will then review your claim and reach a decision as quickly as possible.
Cancellation of policies at Caterpillar Life Insurance Company (Missouri)
If you wish to cancel your policy with CLIC, get in touch with their customer service department.
You’ll need to provide your policy number and specify the cancellation date.
Keep in mind that there might be a cancellation fee, so remember to ask about this when you contact the company.
Renewals
To renew your policy with Caterpillar Life Insurance Company, ensure you pay your premium on time.
The company will send you a renewal notice before your policy expires. You can conveniently renew your policy online or by calling the customer service department.
Reviews on Caterpillar Life Insurance Company (Missouri)
Customers have different opinions about Caterpillar Life Insurance Company (Missouri).
Some customers applaud the company for its competitive rates, broad product selection, and good customer service.
On the other hand, some customers express dissatisfaction with slow claims processing and challenges in reaching customer service representatives.
Features
Caterpillar Life Insurance Company provides various features and services to its customers, including:
- Online Account Management: Customers can easily access their account information and handle their policies online.
- 24/7 Customer Service: The company offers round-the-clock customer service to its policyholders.
- Educational Resources: Caterpillar Life Insurance Company offers a range of educational resources to customers. These cover topics like life insurance, health insurance, and financial planning.
Caterpillar Life Insurance Company (Missouri) offers several benefits:
- Competitive Rates: CLIC provides competitive rates for its life and health insurance products. They can do this because of their large customer base, which allows them to negotiate lower rates with insurers.
- Wide Range of Products: Caterpillar Life Insurance Company offers a broad selection of life and health insurance products. These include term life insurance, whole life insurance, universal life insurance, major medical insurance, dental insurance, vision insurance, and disability insurance.
- Flexible Options: CLIC offers flexibility for its life and health insurance products. For instance, policyholders can adjust their premium payments or death benefits with universal life insurance.
- Financial Stability: Caterpillar Life Insurance Company is financially stable with a strong performance history. It holds an A- (Excellent) rating from AM Best.
- Employee Discounts: Caterpillar employees and retirees may qualify for discounts on life and health insurance products offered by Caterpillar Life Insurance Company.
Frequently Asked Questions (FAQs)
- In which states is Caterpillar Life Insurance Company licensed? CLIC holds licenses to operate in 26 states and the District of Columbia.
- What types of life insurance does CLIC provide? Caterpillar Life Insurance Company offers various life insurance options, including term life insurance, whole life insurance, and universal life insurance.
- What types of accident and health insurance does CLIC offer? Caterpillar Life Insurance Company provides a range of accident and health insurance products, including short-term disability insurance, long-term disability insurance, and critical illness insurance.
- How can I file a claim with Caterpillar Life Insurance Company? To file a claim with Caterpillar Life Insurance Company, you can either visit the company’s website or contact the customer service department.
- How can I cancel my policy? To cancel your Caterpillar Life Insurance Company policy, get in touch with the company’s customer service department.
- How can I renew my Caterpillar Life Insurance policy? To renew your Caterpillar Life Insurance Company policy, simply make your premium payment on time.
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