Ullico Inc. today announced the closing of its purchase of additional investment interests in Tidewater Holdings, Inc.
Ullico Inc. announced the launch of “Ullico Select,” a marketplace offering insurance products that protect and empower union workers and their families.
Because union members can have a difficult time finding insurance products that cater to their unique circumstances, Ullico Select aims to be their number one destination for supplemental life insurance, accidental death and dismemberment insurance, auto insurance, pet insurance, and more.
“There are more than 14 million union members in the United States, yet few insurance providers understand their challenges or support their values,” said Brian Hale, President and COO of Ullico Inc. “As a mission-driven organization, we stand shoulder-to-shoulder with the labor movement. We design every product with union members in mind.”
Ullico Select offers products that are underwritten by select partners and The Union Labor Life Insurance Company (Union Labor Life) — a subsidiary of Ullico Inc., America’s only labor-owned insurance and investment company. For more than 95 years, Union Labor Life has served union members, union leaders and union benefit funds.
“We’re excited to make Ullico Select available to union members, their families, and friends,” said Stephanie Whalen, President of The Union Labor Life Insurance Company. “We channeled our long-time experience serving the union market into a platform that customers can depend on.”
The name “Ullico Select’ was chosen to represent the ease with which union members can find products tailored to their needs. Customers who visit the platform can “select” the types and amount of insurance that suit their requirements. Moreover, they’ll discover that the policies are designed specifically for union members and their families, making them part of a “select” community whose preferences and needs come first.
“We believe that protecting your family should be easy, so we’ve streamlined the application process,” said Steve Kennedy, VP of Supplemental Insurance for UIlico’s life and health insurance division. “Ullico Select offers an agentless experience, so that customers can discover and purchase the insurance they need quickly and conveniently.”
“When we protect workers, their families, and their communities — the entire country thrives,” said Edward M. Smith, CEO and Chairman of the Board of Directors for Ullico Inc. “Ullico Select is another example of how Ullico innovates to protect the financial security and wellbeing of union members, retirees and their loved ones.”
The Ullico Inc. family of companies provides insurance and investment solutions for labor organizations, union employers, institutional investors and union members. Founded 95 years ago, the company takes a proactive approach to anticipating labor’s needs, developing innovative financial and risk solutions and delivering value to our clients. Our products are tailored to promote financial security and stability for American workers.
The Ullico Inc. family of companies includes The Union Labor Life Insurance Company; Ullico Casualty Group, LLC.; Ullico Investment Company, LLC.; and Ullico Investment Advisors, Inc. For additional information, visit www.ullico.com.