Life Insurance Simplified: Dominion's Offerings And Benefits

Dominion Life Assurance Company was a Canadian life insurance company that existed from 1889 to 1987. The company was founded in Waterloo, Ontario, and was Canada's ninth-largest life insurance company at the end of World War II. Over the years, it changed hands several times, eventually becoming part of Manulife in 1985. Today, Dominion Insurance offers a range of insurance products, including life insurance, health insurance, and property insurance, catering to individuals, families, and businesses. Dominion's life insurance products aim to provide financial security to families by protecting their economic assets in the event of premature death, offering both term and permanent insurance options.

Dominion Insurance of Texas

The company offers a variety of employee benefit options for businesses, such as group health insurance, group life insurance, and voluntary accidental death and dismemberment coverage. They also assist businesses with longevity planning, including group long-term care products, cafeteria plans, and flexible spending accounts.

It is worth noting that there are other companies with similar names, such as Dominion Insurance Services, which is based in California and Utah and holds insurance licenses in multiple states across the country.

Dominion Life Assurance Company

The Dominion Life Assurance Company was a Canadian life insurance company that existed from 1889 to 1987. The company was founded by a group of businessmen in Waterloo, Ontario, and was Canada's ninth-largest life insurance company at the end of World War II.

The genesis of the company was a meeting in 1888 at Snyder's Drug Store in Waterloo, which included local figures Isaac Erb Bowman, Peter Harvey Sims, John Shuh, Simon Snyder, and Thomas Hilliard. Hilliard, who was a teacher and insurance agent, indicated his interest in participating in a new enterprise, and the group decided to form a life insurance company. They debated whether to form a joint-stock company or a mutual and settled on a stock company. Shares were sold to residents of Waterloo Country, and the company's founders contributed $65,000 of capital.

On March 20, 1889, the Act to incorporate the Dominion Life Assurance Company received royal assent. The company's first meeting was held on July 12, 1889, and by June of that year, Hilliard had signed up 97 policyholders, with $231,000 of insurance in force in the first year. Through the 1890s, Hilliard pursued a growth strategy that saw the company expand into Western Canada. In 1912, the company purchased the old Mutual Life Building at 14 Erb Street. During World War I, Dominion invested heavily in government bonds and managed to meet all its claims when the Spanish flu caused unprecedented deaths in 1918.

In 1957, the Lincoln National Life Insurance Company of Fort Wayne, Indiana acquired an 89 per cent stake in the company. However, due to restrictive regulations on foreign ownership, Lincoln began seeking a buyer for its share in 1984. In 1985, Manulife acquired the company for $157 million, and Dominion was operated as a subsidiary before being merged into Manulife in 1986. The Dominion Life Assurance Company was disincorporated in 1987, bringing its 98-year history to a close.

Old Dominion Insurance Services, Inc

In addition to the aforementioned services, Old Dominion Insurance Services, Inc. provides online resources such as billing and payment options, ID card requests, certificate of insurance requests, policy change requests, and annual insurance reviews. The company also publishes informative guides and articles on its website, covering topics such as preventing package theft, gifting life insurance to loved ones, and understanding workers' compensation for remote workers.

It is worth noting that there is also an Old Dominion Insurance Company located in Jacksonville, Florida, which holds writing powers in miscellaneous property, personal injury liability, property damage liability, workers' compensation, and more. However, the focus of this response is primarily on Old Dominion Insurance Services, Inc. serving Gretna and Virginia.

Dominion Group Benefits

There are several types of group life insurance plans available, including Accidental Death & Dismemberment, Voluntary Accidental Death & Dismemberment, and Group Life Conversion. In the event that a member's group life insurance plan ends or is reduced, they may be able to convert to an Individual Life Insurance policy without providing medical evidence within 31 days of leaving the plan.

The Dominion Insurance, a Canadian-owned and operated company, also offers group life insurance as part of its property and casualty insurance services. The Dominion has been in business since 1887 and is one of the country's largest insurers, providing outstanding claims service and upholding the value of "doing the right thing".

Dominion Insurance

The Dominion Life Assurance Company (Canada)

The Dominion Life Assurance Company, founded in 1889 and based in Waterloo, Ontario, was a prominent Canadian life insurance provider until its acquisition and disincorporation in the 1980s. Throughout its history, the company expanded across Canada and into the United States, eventually becoming Canada's 11th largest insurer before its sale to Manulife in 1985.

Old Dominion Insurance Services, Inc.

Old Dominion Insurance Services, Inc. specializes in individual life insurance products, working with top-rated insurance companies to meet the specific needs of individuals and their families. They offer a range of insurance products, including final expense insurance, individual life insurance, and mortgage protection insurance. Old Dominion Insurance Services aims to provide informed guidance and peace of mind to their clients.

The Dominion (Canada)

Operating as The Dominion of Canada General Insurance Company, this insurer has been a prominent Canadian property and casualty insurance provider since 1887. The Dominion offers a range of insurance products, including auto, motorcycle, and commercial insurance. They are committed to outstanding claims service and aim to protect what matters most to Canadians.

Dominion Group Benefits

Dominion Group Benefits focuses on providing group life insurance plans, which offer financial assistance to employees and their families in the event of a death. These plans are designed to be flexible, with a wide range of coverage amounts, and do not require medical evidence for enrolment.

In summary, Dominion Insurance encompasses several companies offering a diverse range of insurance products and services. These companies operate in different regions, primarily in Canada and the United States, and cater to the insurance needs of individuals, families, and businesses.

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