Horace Mann Insurance Company, Illinois (IL): Overview, Partnership and Affiliates, Market Share, Services,

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What is Horace Mann Insurance Company ?

Horace Mann Insurance Company is an insurance and financial services company that provides auto, home, renters, life, supplemental, retirement and student loan solutions to educators and others who serve the community.

The company’s mission is to help every educator in America reduce the burden of student loan debt and achieve lifelong financial success. The company is named after Horace Mann, who is widely regarded as the father of American public education. The company is headquartered in Springfield, Illinois.

 

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Horace Mann Insurance Company: Securing your today, tomorrow and your future
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Horace Mann Insurance company Overview

Horace Mann was founded in 1945 by two Springfield teachers who saw a need for quality, affordable auto insurance for teachers.

Since then, the company has expanded its products and services to meet the evolving needs of educators. Today, Horace Mann has more than 1.8 million policies in force and serves more than 4,100 school districts across the country.

The company has a network of more than 800 agents who are either former educators or have strong ties to the education community.

Leadership Team at Horace Mann

The current CEO and president of Horace Mann is Marita Zuraitis, who joined the company in 2013. She leads a team of senior executives who have extensive experience in the insurance and financial services industry.

The board of directors consists of 10 members who oversee the strategic direction and governance of the company.

 

Horace Mann Contact Information

You can reach out to Horace Mann Educators Corporation through two primary contact methods: by calling them at (800) 999-1030 or by visiting their website at www.horacemann.com.

Their customer service team is available to assist you during the workweek, from Monday through Friday, with service hours extending from 7:00 AM to 8:00 PM CT.

Here’s the essential contact information for Horace Mann Educators Corporation presented in a table format:

Contact Method Details
Phone (800) 999-1030
Website www.horacemann.com
Customer Service Hours Monday through Friday from 7:00 AM to 8:00 PM CT

 

Horace Mann Insurance Company Financial Aspects

Horace Mann Educators Corporation boasts an impressive financial standing, with assets exceeding $12 billion.

Additionally, the company holds an outstanding financial strength rating of A- (Excellent) from A.M. Best1. This high rating underscores Horace Mann’s substantial fiscal stability and reliability, reinforcing its capacity to provide steadfast support to its customers.

Horace Mann Insurance Company Market Share

Horace Mann is one of the leading providers of insurance and financial solutions for educators in the United States.

According to its 2020 annual report, the company had a total revenue of $1.4 billion and a net income of $123.6 million.

The company had a market share of 12% in auto insurance, 11% in property insurance, 4% in life insurance and 2% in annuities among educators.

What are the partnership and affiliates of Horace Mann Insurance

Horace Mann has established partnerships and affiliations with various organizations that share its commitment to supporting educators and education. Some of these include:

National Education Association (NEA): Horace Mann is the exclusive provider of NEA Auto & Home Insurance Program for NEA members. The program offers competitive rates, discounts, benefits and services tailored to educators’ needs.

DonorsChoose: Horace Mann is a national sponsor of DonorsChoose, a nonprofit organization that connects teachers with donors who want to fund classroom projects. Horace Mann has donated more than $5 million to DonorsChoose since 2011.

American Federation of Teachers (AFT): Horace Mann is an endorsed provider of AFT+ Auto Insurance Program for AFT members. The program offers special rates, discounts and features designed for educators.

National Association of Elementary School Principals (NAESP): Horace Mann is a corporate partner of NAESP, a professional organization that advocates for elementary and middle school principals. Horace Mann supports NAESP’s initiatives and programs, such as the National Distinguished Principals Award and the National Mentor Training and Certification Program.

National Association of Secondary School Principals (NASSP): Horace Mann is a corporate partner of NASSP, a professional organization that represents middle level and high school principals. Horace Mann supports NASSP’s initiatives and programs, such as the National Principals Month and the National Honor Society.

National Rural Education Association (NREA): Horace Mann is a corporate partner of NREA, an organization that promotes the advancement of rural education. Horace Mann supports NREA’s efforts to provide resources and opportunities for rural educators and students.

National School Boards Association (NSBA): Horace Mann is a corporate partner of NSBA, an organization that represents state school boards associations and their members. Horace Mann supports NSBA’s mission to advocate for public education and school board governance.

What are the Insurance Services Offered by Horace Mann Insurance Company

Horace Mann offers a wide range of insurance and financial solutions for educators and school employees. Some of these include:

Auto Insurance:
Horace Mann provides auto insurance coverage that meets educators’ specific needs at an affordable price. The company offers liability, collision, comprehensive, medical payments, uninsured/underinsured motorist, roadside assistance and rental reimbursement coverages.
The company also offers discounts for educators, such as educator advantage, good student, multi-car, multi-policy, accident forgiveness and new car replacement.
Home Insurance:
Horace Mann provides home insurance coverage that protects educators’ homes and personal belongings from various perils, such as fire, theft, vandalism, windstorm, hail and water damage.
The company offers dwelling, personal property, liability, loss of use, identity theft and personal injury coverages. The company also offers discounts for educators, such as educator advantage, new home, home security system and multi-policy.
Renters Insurance:
Horace Mann provides renters insurance coverage that protects educators’ personal belongings and personal liability when they rent a home or apartment.
The company offers personal property, liability, loss of use and identity theft coverages. The company also offers discounts for educators, such as educator advantage and multi-policy.
Life Insurance:
Horace Mann provides life insurance coverage that helps protect educators’ loved ones against future financial loss in the event of their death.
The company offers term life, whole life and universal life insurance policies. The company also offers features for educators, such as living benefits rider, waiver of premium rider and accelerated death benefit rider.
Supplemental Insurance:

Horace Mann provides supplemental insurance coverage that helps with medical and nonmedical out-of-pocket expenses related to an injury or sickness.

The company offers disability income, cancer care, critical illness and accident insurance policies. The company also offers features for educators, such as guaranteed issue, portability and wellness benefits.

Retirement:

Horace Mann provides retirement solutions that help educators plan for their future financial security. The company offers annuities, mutual funds and 403(b) plans.

The company also offers services for educators, such as retirement planning workshops, retirement income analysis and retirement savings program review.

Student Loan Solutions:

Horace Mann provides student loan solutions that help educators reduce the burden of student loan debt. The company offers services such as student loan forgiveness assistance, student loan repayment options review and student loan refinancing.

Horace Mann however does not offer international coverage for its insurance products. However, the company does offer travel insurance through its partner Travel Insured International.

Travel insurance can provide coverage for trip cancellation or interruption, emergency medical expenses, baggage loss or delay and more.

 

Frequently Asked Questions (FAQs)

 

What insurance products does Horace Mann offer?

Horace Mann provides a variety of insurance products, including auto, homeowners, life, and retirement annuities. They also offer supplemental insurance options like disability income insurance and long-term care insurance.

How can I contact Horace Mann for assistance?

You can reach Horace Mann Educators Corporation via phone at (800) 999-1030 or through their website at www.horacemann.com. Their customer service is available Monday through Friday from 7:00 AM to 8:00 PM CT.

What is Horace Mann’s financial strength rating?

Horace Mann holds a remarkable financial strength rating of A- (Excellent) from A.M. Best, emphasizing its solid financial stability and reliability.

How does the claims process work at Horace Mann?

To file a claim, you can either call their claims department at (800) 999-1030 or submit your claim online through their website. You’ll need to provide your policy number and claim details. After submission, a claims adjuster will assess the claim’s eligibility and, if approved, you’ll receive payment according to your policy terms.

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