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 Cheapest Life Insurance USA

Commercial Travelers - Life Insurance

About Commercial Travelers

Commercial Travelers was founded in Utica, NY in 1883, and is the oldest insurance company of its type in the United States.

Commercial Travelers is licensed to sell insurance in all American states except Hawaii. At the present time, it does not insure risks from other countries.

At the time of the company's founding by Edward Trevvett, a British-born tea salesman, traveling sales representatives (or 'commercial travelers,' as they were then known) had a difficult time obtaining insurance, because the travel portion of their livelihood was considered hazardous, or at least an unusual risk.

Mr. Trevvett and 49 of his fellow sales representatives founded Commercial Travelers as a mutual accident association in 1883. The small company's first claim was paid in that summer to Mr. Barrington Lodge of New York City, who was injured in the panic that accompanied the grand opening of the Brooklyn Bridge on July 4, 1883.

By 1885, membership had reached the 1,000 mark.

Commercial Travelers grew during its early years primarily by word-of-mouth and by aggressive "member-get-a-member" promotions of the company ... rewarding members with commemorative trinkets for signing up more 'commercial travelers.'

The first claim caused by an automobile was paid in 1900.

In 1905, the company needed more office space and moved to a building at 70 Genesee Street in downtown Utica, within sight of the Erie Canal, and in the busiest commerce district of Utica.

In 1937, the building was tripled in size to accommodate the policy service needs of more than 200,000 policyholders.

Commercial Travelers 1939 annual report noted "Major disasters in which Commercial Travelers served its members or their beneficiaries included the sinkings of the Titanic, Lusitania and Morro Castle; a major train wreck in Batavia, NY and the historic subway crash in Brooklyn; the Wall Street Explosion, and the more recent wrecks of the Hindenberg and other air craft. But the benefits paid in these 'headline' accidents have been dwarfed by the $56,000,000 paid for 'every-day' mishaps which often occur when the members are 'safe at home.'

Over the years, the company changed its primary focus from disability income insurance for traveling sales representatives to hospital indemnity insurance for the general population, advertising for direct response sales in leading newspapers across the country and becoming one of the first insurance companies in the nation to sell insurance by direct response methods.

Commercial Travelers became one of the first insurance companies in America to install a computer, in 1955.

In 1965, Stuart F. Page fell from a ladder at his home in Winchester, Massachusetts and received the company's one millionth claim payment.

The company mutualized on February 16, 1970 ... now licensed in 13 states, the District of Columbia, and 3 Canadian provinces.

In 1979, the company established Monitor Life Of New York, a wholly-owned subsidiary of Commercial Travelers ... primarily to offer additional life insurance products to existing policyholders.

The company's one millionth policy was issued in 1983 ... the company's centennial year.

In 1986, the company diversified further by becoming a national presence in the student accident and special risk markets ... offering accident coverage for students from kindergarten through college years, school sports coverage, and virtually unlimited types of special risk coverage. Coverage is available through a network of specialized insurance agents.

In the early 1990's, Commercial Travelers began offering a special type of disability income and life insurance (through Monitor Life) for small employers, insuring as few as two employees at a small business.

By 1991, Commercial Travelers was licensed in 48 states (all except Maine and Hawaii), the District of Columbia, and 6 Canadian provinces. In 1996-1997, the company received its license for Maine.

From its modest beginnings in 1883, the small company has grown at a controlled rate to a position of respect throughout the insurance industry.

Commercial Travellers Life Insurance

Through Commercial Travelers' life insurance subsidiary, Monitor Life Insurance Company of New York, a variety of life insurance coverages are available:

Guaranteed Issue Senior Life - no medical questions; you cannot be refused for coverage, rates will never increase.

Whole Life - premium payments are fixed for the life of the policy... rates can never be increased. Builds cash value.

Juvenile Insurance - term insurance that automatically becomes whole life coverage when the child reaches 25 years of age, with no further proof of insurability. Includes options to buy additional insurance at various ages without a medical examination. A great gift for the future from parents and grandparents. Contact Monitor Life

Monitor Life is available now in these states:

Arizona, Arkansas, Colorado, Connecticut, District of Columbia, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, Missouri (no guaranteed issue Senior Life), Nevada, New York, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, Utah, Virginia, West Virginia

Group Life & Disability Benefit Plans for Groups with 2-9 Employees

High quality non-medical insurance coverages for small employers are hard to find. Commercial Travelers offer a variety of plans commonly sought by agents and employers.

Fully Insured. All plans are provided through fully insured Multiple Employers Trusts arranged by industry classification.

Rates are Sex Distinct and organized in 5 & 10 year age bands. Rates cannot be increased for any single employer participating in the trust without also increasing all other participating employers in the same industry classification.

Guaranteed Issue Benefits. Specified levels of guaranteed issue benefits are available for plans with six or more employees.

Special 10% Discount on Rates now available for Chambers of Commerce and Multiple Employer Trade Associations who have endorsed our plans to their membership.

Proposals are available from user-friendly software Commercial Travelers provide, or through our Regional Offices.

* Life insurance is provided by Monitor Life Insurance Company of New York or The Reliable Life Insurance Company

Availability. The plans described are not available in the following states: CA, FL, and HI.

For more details about the plans or information about Commercial Travelers' Large Group products, please fill out their Inquiry Form. Or, for an immediate response, call CT Group at 1-800-803-8585. Ask for Tom Kulhowvick or Ken Dilanian.

70 Genesee Street,
NY 13502

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