Federal Kemper Life is now, Chase Insurance Life and Annuity Company

About: Chase Insurance Life and Annuity Company and is part of the JPMorgan Chase Company, the second largest bank in the United States. Now the insurance arm of JP Morgan Chase, the company was once known as Kemper Life Insurance and has been in business for nearly 100 years. Chase Insurance offers products through a national network of independent agents and has operations in all 50 states. They have 90 million customers world wide, 160,000 employees and about $1 trillion in assets.

Offerings: Chase insurance company sells term life and universal life through independent agencies. They also sell low-cost term life directly to the customer. Currently they have over $221 billion of in-force coverage. They offer a Universal Life with a no lapse guarantee.

Unique Features: Chase Insurance is divided into three arms. The Life brokerage wing sells term and universal life insurance through independent agencies. The Retirement Solutions Group offers annuities to those in education, health care and non-profit organizations. The Chase Insurance Direct arm offers term life insurance directly to the customer.

Chase offers more flexibility than most companies with the ROP Term. You can have a return of premium for 15, 20, or 30 years if no claim has been made. If the policy is cancelled early, partial premium return may be available.

Ratings: Recently, A.M. Best gave Chase Insurance an A rating, Standard & Poor's gave the company A+, and Moody's gave them an A2.

Location: 2500 Westfield Drive, Elgin, Il. 60123

Phone: (847) 930-7000

This page was last updated July 2011. The information provided is believed, but not guaranteed, to be accurate.

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