CNA Life - Life
CNA Life History
20th century dawned on an urban explosion as Americans left
their farms and moved to large cities in ever-increasing numbers.
Without their land, people sought other forms of financial
protection for their loved ones after they passed on. The
nation turned to life insurance.
fledgling Continental Casualty Company (CCC) deemed the expansion
into life insurance necessary to extend and strengthen the
protection its agents could offer the insuring public. However,
legal restrictions prohibited property and casualty companies
from writing life insurance. On April 26, 1911, the president
of CCC, H.G.B. Alexander, and four other company directors
pooled $100,000 from their personal resources and founded
a separate life insurance company, Continental Assurance Company
(CAC). H.G.B. Alexander became president of both companies.
Two years later, the two companies were formally linked, and
the stock and ownership transferred to CCC.
to its casualty counterpart, CAC started small then rapidly
developed into a contending force in the industry. The company
achieved $10 billion of life insurance in force in 54 years,
at a time when the industry average for that accomplishment
was 86 years.
CNA Life - Life Insurance Lineup:
Term Life Insurance
Permanent Life Insurance
Survivorship Life Insurance
Variable Annuity/Variable UL
Long Term Care Insurance
insurance from CNA Life comes in all shapes and sizes. You
can buy various amounts for differing lengths of time. In
fact, there are so many options you can tailor a plan to fit
your family's specific needs. It's really not difficult to
understand, and a good agent can help you determine exactly
what's best for you and your family. The hard part is just
making the decision. But when you learn the benefits, that
decision becomes easy.
Life - Term Life Insurance is the most basic type of life
insurance. It's also the easiest to understand. You buy it
for a specific length of time - usually 5, 10, 15 or 20, 25
or 30 years. Depending on the type of policy you buy, your
premiums either stay the same for the length of your policy,
or they may be adjusted after an initial guaranteed period.
Generally, the annual premiums for term will be lower than
for other types of life insurance. Term is very popular with
young families, small business owners and anyone who wants
to buy life insurance for a limited amount of time knowing
that the rates will not change.
Life - Universal Life Insurance offers permanent protection
for your family and assets. Unlike term life insurance, permanent
or universal life is designed to provide insurance protection
for a lifetime, at a level premium. Ordinarily, as long as
sufficient premiums are paid, it stays in effect. Unlike term,
it can build cash value, you can increase or decrease the
amount of coverage and you can vary the premium payments.
Life - Survivorship Life Insurance. It's great for estate
planning and business protection. This type of insurance policy
insures two lives, usually husband and wife. It does not pay
until the second person's death. Since married couples can
defer estate taxes until the second death, survivorship life
insurance is generally thought of as an estate planning tool.
CNA Life's survivorship policy is universal life, so it offers
Life - Variable Annuities and Variable Universal Life
can help fund retirement and can even create an income for
life. For complete information about these products, including
charges and expenses, refer to the prospectus. To request
a copy of the prospectus, call 800-827-2621 or fax 615-871-1918.
Life - Long-Term Care Insurance provides for the day-in,
day-out assistance you need when a serious illness or disability
renders you unable - physically or cognitively - to care for
yourself for a lengthy period of time. Long-term care can
be provided at home or at a nursing facility, assisted living
or alternate care facility. In keeping with the trend toward
home health care options, CNA's long-term care plans provide
a range of services to help you live comfortably in your preferred
environment. Each plan also prepares for the eventuality that
your needs may someday require a nursing facility.