Bankers Life & Casualty. Providing generations of support, since 1879. Established in 1879, Bankers Life and Casualty Company is today one of the largest and most respected insurance companies in the United States focused exclusively on the needs of senior Americans.
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The Early Years
Innovation, Strength and Stability
A Pioneer in the Senior Market
Bankers Today and Tomorrow
In 1985, Bankers releases its first comprehensive Long Term Care insurance product, positioning the company as an industry leader in health insurance for seniors.
In 2001, Bankers retains Dick Van Dyke as its spokesperson.In 2002, Bankers adds Colonial Penn Life Insurance Company to its operations.
Bankers Life and Casualty Company begins operations in 1932. Chicago insurance man, John D. MacArthur, purchases the company from the Illinois Insurance Department in 1935 for $2,500.
In 1966, Bankers enters the senior market, becoming one of the first insurers to develop and offer Medicare Supplement Insurance.
Hotel Men's Mutual Benefit Association of the United States and Canada, the predecessor company to Bankers Life and Casualty Company, commences operations.
Hotel Men's Mutual Benefit Association of the United States and Canada, the Illinois Standard Life Insurance Company and Bankers Life and Casualty Company are merged to form one company, under the name of Bankers Life and Casualty Company.
In 1972, Bankers pioneers the development and marketing of Nursing Home Insurance. In 1977, Bankers enters the fixed annuity business, expanding its portfolio of senior market health insurance products to include retirement savings.
In 1993, Bankers moves its Home Office to Merchan-dise Mart in down-town Chicago. In the early '90s, introduces its first senior life insurance product. Agents can now offer customers a full portfolio of health, life and annuity products designed specifically for seniors.
We're proud to specialize in seniors and support the causes that affect our extended family. Click here to learn more about our partnerships with the Alzheimer's Association, the International Longevity Center and Meals on Wheels.
Experts estimate that more than 4.5 million Americans suffer from Alzheimer's disease. By 2030, that number is likely to approach 7.7 million as the youngest Baby Boomers celebrate their sixty-fifth birthdays.The Alzheimer's Association is leading the fight against this disease through funding for research, support for patients, caregiver services and public advocacy. In the past year, Bankers' relationship with the Association has grown, thanks largely to the generosity of policyholders and the efforts of our agents and employees.As the premier corporate sponsor of the Rita Hayworth Gala in Chicago and as a full sponsor of the Association's Ronald Reagan Institute Research Grant at Harvard, Bankers continues to provide meaningful financial support in our search for a cure.In addition to funding these Association programs, we're also proud to sponsor a homegrown fundraising event called Forget Me Not DaysSM. Each May, agents and employees around the country distribute specially marked packages of Forget-Me-Not seeds to raise public awareness and collect donations for the Alzheimer's Association. This year's event raised more than $84,000, thanks to hundreds of volunteers and Bankers' employees in more than 50 cities lending their support.
Meals On Wheels
All too often, chronic illness and injury limit seniors' mobility, making simple acts like shopping for groceries impossible. For housebound seniors, Meals on Wheels delivers more than just a hot meal. Volunteers also offer words of encouragement and a connection to the outside world.In 2003 Bankers renewed our commitment to funding the Meals on Wheels program. As the premier corporate sponsor for Meals' Celebrity Chef Brunch, Bankers donated more than $20,000 to the cause.Since 1987, Meals on Wheels has served more than 1,000,000 meals to over 100,000 recipients in Chicago alone.For more information, please visit www.mealsonwheelschicago.org.
International Longevity Center
In 2003, Bankers also renewed our commitment to the ILC.The International Longevity Center's mission is to help societies address the issues of aging positively by focusing on seniors' achievements and contributions to society.In addition to sponsoring research and advancing education, our support helps the ILC promote programs specifically created for seniors, like walking to increase daily activity and improve health.For more information, please visit www.ilcusa.org.
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Bankers Life and Casualty Company
222 Merchandise Mart Plaza
Chicago, IL 60654