Orlando Harmon
Founded in the early 19th century, Aetna is one of the oldest insurance companies in the United States. In 2011, Aetna merged with Continental Life Insurance and American Continental Insurance to form Aetna Senior Supplemental Insurance. American Continental Insurance Company (ACI) is headquartered in Brentwood, Tennessee, and was established in 2005 as the second Aetna company. ACI offers final expense insurance policies, providing coverage to new applicants between 45 and 89 with death benefits ranging from $3,000 to $35,000. ACI is a subsidiary of Aetna, and as such, the two companies are often considered one and the same.
| Characteristics | Values |
|---|---|
| Relationship between Aetna and American Continental Insurance | American Continental Insurance Company (ACI) is a subsidiary of Aetna, which was acquired in 2011. |
| Headquarters | American Continental Insurance Company is headquartered in Brentwood, Tennessee. |
| Services | American Continental Insurance offers a range of products, including Medicare supplements, dental insurance, and critical illness and accident coverage. |
| Financial Strength | American Continental Insurance Company has received an A- excellent financial strength rating from A.M. Best. |
| Parent Company Recognition | Aetna, the parent company, has been recognized for its commitment to diversity and employment policies. It has also received awards for reducing health care disparities. |
| Group Term Life Insurance | Aetna offers group term life insurance plans through its subsidiary, providing inexpensive term coverage for eligible individuals. |
| Final Expense Whole Life Insurance | American Continental offers final expense whole life insurance for individuals aged 45 to 89, with death benefits ranging from $3,000 to $35,000. |
| Group Plans | Aetna's group plans are provided through employer plans, covering employees, spouses, and dependent children. These plans offer lower premiums and do not require medical exams. |
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What You'll Learn
American Continental Insurance Company (ACI) is a subsidiary of Aetna
The American Continental Insurance Company (ACI) is a subsidiary of Aetna, one of the oldest insurance companies in the US, founded in the 19th century. ACI was established in 2005 on the foundation of the Continental Life Insurance Company (CLI). In 2011, Aetna acquired Continental Life Insurance, and American Continental Insurance joined Aetna to collaborate with Medicare supplemental insurance. In 2012, ACI officially became a part of Aetna.
Aetna is a leading diversified healthcare benefits company, serving an estimated 46.7 million people. It offers Medicare Supplement Plans, also known as Medigap, in various states, including Iowa, Maryland, Tennessee, and Texas. These plans are underwritten by Continental Life Insurance Company, now known as Aetna Health and Life.
ACI, as a subsidiary of Aetna, offers a range of insurance products, including Medicare supplements, dental insurance, and final expense whole life insurance. This whole life insurance is designed to cover burial, funeral, final healthcare bills, and estate debts and taxes. ACI's final expense insurance policy is one of the best in the market, providing coverage for new applicants between the ages of 45 and 89, with death benefits ranging from $3,000 to $35,000.
Aetna's subsidiary provides group term life insurance plans, which can be an excellent option for eligible individuals to obtain relatively inexpensive term coverage. These group plans are provided through employer plans, and individuals must be employees, spouses, or dependent children of the employees to be covered. While Aetna's life insurance offerings are limited, ACI enhances its parent company's life insurance options, providing valuable coverage for seniors.
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ACI offers final expense insurance for applicants aged 45-89
American Continental Insurance Company (ACI), headquartered in Brentwood, Tennessee, is one of two subsidiaries of Aetna that underwrite its final expense insurance policies. ACI offers final expense insurance for applicants aged 45 to 89, with a maximum coverage of $35,000 for those in the youngest age bracket of 45 to 65. The coverage amount decreases with age, with a maximum of $10,000 available for applicants between 86 and 89.
Aetna's final expense insurance plan is a type of policy designed to cover end-of-life expenses such as funeral and burial costs, outstanding medical bills, and other final expenses. The plan offers a broader age range than many other final expense plans and provides coverage for individuals with health issues.
The sample rate for a level plan with a death benefit of $10,000 is $32.50 per month at the lowest issue age of 45, increasing to $55.83 at age 65, and $286.67 at age 89. These rates are for a male non-smoker and may vary based on the state of residence and the applicant's health.
Aetna's final expense plan is available in most states, excluding the West Coast and several Northeast states. The company's senior products, including the final expense life insurance policy, are sold through independent agents.
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ACI's parent company, Aetna, is headquartered in Connecticut
The American Continental Insurance Company (ACI) is a subsidiary of Aetna, a company founded in the early 19th century and headquartered in Connecticut. ACI was established in 2005 on the foundation of Continental Life Insurance Company (CLI). In 2011, Aetna acquired Continental Life Insurance, and American Continental Insurance became a part of Aetna.
Aetna is one of the oldest insurance companies in the U.S. and is a leading diversified healthcare benefits company, serving an estimated 46.7 million people. It offers a range of insurance products, including life insurance, Medicare Supplement Plans, and dental insurance.
ACI, as a subsidiary of Aetna, offers Final Expense Whole Life Insurance, which covers burial, funeral, final healthcare bills, and estate debts and taxes. This policy is available to new applicants between the ages of 45 and 89, with death benefits ranging from $3,000 to $35,000.
Aetna's life insurance offerings are primarily focused on group term life plans, often provided through employer plans. These group plans offer lower premiums and the advantage of not requiring a medical exam for eligibility.
With over $60 billion in annual revenue, Aetna has a strong financial standing, ensuring stability for its customers. The company has received recognition for its commitment to diversity and employment policies, as well as for bringing people closer to their needed healthcare.
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ACI is headquartered in Brentwood, Tennessee
American Continental Insurance Company (ACI) is headquartered in Brentwood, Tennessee, near Nashville. The company was founded in 2005 as the second Aetna company, established on the foundation of the Continental Life Insurance Company (CLI). In 2012, ACI became a part of Aetna, a leading diversified healthcare benefits company serving an estimated 46.7 million people across the nation.
ACI's headquarters in Brentwood, Tennessee, reflect the company's presence in the region and its commitment to serving its customers in the area. Brentwood is a city located in the central part of Tennessee, just south of Nashville, the state capital. It is a thriving community known for its mix of urban and suburban environments, offering a blend of commercial and residential areas.
The choice of Brentwood as ACI's headquarters may be influenced by several factors. One consideration could be the city's proximity to Nashville, a major economic and cultural hub in Tennessee. Nashville is known for its vibrant healthcare industry, which aligns with Aetna's focus on healthcare benefits. Additionally, Brentwood itself has a strong business community, with a diverse range of companies operating in various sectors.
Tennessee's business-friendly environment and supportive regulations may also have contributed to ACI's decision to headquarter in Brentwood. The state has a history of attracting companies in the healthcare, finance, and insurance sectors, providing a stable and conducive environment for businesses to thrive. Brentwood, in particular, offers a skilled workforce, convenient transportation links, and a high quality of life, making it an attractive location for companies seeking a stable and productive base.
ACI's presence in Brentwood, Tennessee, allows the company to tap into the local talent pool, foster relationships with nearby businesses, and benefit from the area's economic climate. The headquarters' location enables ACI to serve its customers effectively and maintain its position as a trusted insurance provider in the region.
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ACI offers Medicare supplements and dental insurance
American Continental Insurance Company (ACI) offers Medicare Supplement plans in collaboration with Aetna. ACI is headquartered in Brentwood, Tennessee, and was established in 2005 as the second Aetna company, later becoming a subsidiary of Aetna in 2012.
ACI, through its partnership with Aetna, provides competitive Medicare Supplement policies. These policies are designed to enhance the benefits offered by original Medicare or Medigap plans, which often have limited dental coverage associated with specific life-threatening diseases.
ACI's Medicare Supplement plans aim to fill the gaps in original Medicare coverage. For instance, ACI offers dental insurance as a supplemental benefit to Medicare. Dental insurance helps cover the costs of dental treatments and procedures, making it more affordable to maintain oral health.
Supplemental dental insurance plans typically cover most or all of the costs of routine dental checkups and cleanings. They may also provide reduced costs for other procedures, such as fillings and crowns. ACI likely offers a range of dental plan options, similar to companies like Delta Dental, which provide both traditional insurance plans and dental discount plans.
In addition to dental insurance, ACI and Aetna's Medicare Supplement policies may include other benefits to cater to associates' well-being. These could include vision plans, pharmacy benefits, mental health services, and more. Overall, ACI's Medicare Supplement plans, including dental insurance, aim to provide comprehensive coverage for individuals' healthcare needs.
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Frequently asked questions
Yes, American Continental Insurance is a subsidiary of Aetna.
American Continental Insurance was founded in 2005 and became a part of Aetna in 2012.
Aetna is one of the oldest insurance companies in the US, founded in the early 19th century.
