Website – https://www.rsli.com
Located – Philadelphia, PA
Phone – 1-800-351-7500
Employees – 350
Revenue (bil.) – $1.2
Description – Employers of all sizes can rely on Reliance Standard for insurance and other benefits products. Reliance Standard Life Insurance, a subsidiary of employee benefits holding company Delphi Financial Group, provides group life, disability, and accident insurance policies that are incorporated into employee benefits packages. Reliance Standard Life Insurance also underwrites dental and vision plans and offers annuities targeting individuals planning for retirement. Independent agents and brokers sell the company’s products throughout the US. Reliance Standard Life Insurance was founded (as Central Standard Life) in 1907 and was acquired by Delphi Financial Group in 1987.

Source: http://www.hoovers.com

Reviews & Ratings

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ycatzz’s Full Review of Reliance Standard Life Insurance Company

My opinion is based wholly upon one aspect of this insurance company.

They offer EXCLUSIONS.

For those of you who need one, you’ll be grateful you’ve finally found a company that allows it. For those of you who don’t know, let me explain.

I have a perfect driving record, never been pulled over, obey laws, etc. However, my husband on the other hand is a menace. He’s not so much a bad driver, just always getting picked up for nuisance items such as Uninspected, Unregistered, Excessive Noise, and so on.

Recently, he finally got a ticket for Uninspected. He’s always managed somehow to sweet talk the cops into letting him go, until now. So, to make a long story short… He didn’t pay the fine, and they suspended his license because of it. Normally, just an administrative violation wouldn’t have upped our rates or caused a cancellation, but since he’s now considered “HIGH RISK” because of the suspension, our cream of the crop policy with Traveler’s Indemnity was canceled. That means not just him, but perfect little me too.

So, I searched high and low for a company that would insure us and couldn’t find one that 1) would insure us because of his “BIG VIOLATION”, i.e. the suspension or 2) didn’t charge outrageous rates as a result.

That is until I found Reliance. I have yet to experience their customer service or their claims department. But they offered me what I needed for the time being-an exclusion on my husband. They allowed me to be insured with my vehicle and excluded my husband from the policy. This allowed my policy to be rated solely on my record – or lack of one should I say. Not only did it save me about $1000 for the next 6 months, but it solved my little “problem” oh, I mean my husband’s problem.

What’s really great is that as soon as he fights his violation in court (and he plans to) and he gets his license back, they’ll immediately add him back onto the policy if I choose. He’ll cost a little more, but not as much as he would through a non-standard policy with a suspended license.

This is a great way to go for those married couples who think they’re locked into high rates because of one of the spouses bad record. You shouldn’t be punished because of it, especially if the spouse with the bad record doesn’t drive your vehicle. That’s what gets me with insurance policies, just because you’re married, most of them automatically rate both of you on all the vehicles, when that’s not always the case. Since my husband does not drive my vehicle, I shouldn’t have to pay outrageous rates because of his driving record.

I’ve never used their online service. I purchased this policy through a local agent.

blehigh’s Full Review of Reliance Standard Life Insurance Company

I have been a customer of Reliance Insurance for about 7 months now and I too have noticed that every month my amount due changes. It isn’t drastically different, but it goes up and down about $5 a month. I was very skeptical about getting auto insurance online and when my car was in an accident I was really concerned. I contacted a representative at Reliance and she told me a local insurance company would contact me within 24 hours. Sure enough that day I received a call from Kemper Insurance and the representative processed my claim. I had my check two business days after I submitted my estimate and they arranged for my rental car. So far I don’t have any real complaints except I think they should look into why their monthly bills seem to change every month.

jlmaples’s Full Review of Reliance Standard Life Insurance Company

I don’t like reliance, now that i got that out of the way i will tell you why. they gave me the privilege to contribute to their christmas bonuses. i have a car in my name, my husband has a car, simple right, my name goes with my car, my husband’s name goes with his car? well reliance likes to make money by charging more because when i added my husband to my plan they refused to put me on my car because and i quote, ” if they put my husband on my newer car, (that is in my name) they can charge more money”. see, my husband costs more because he is a male, etc. so they put him as the primary driver of my car so that we could give them more money. so if you like to pay more to insurance companies, pick reliance.

Source: http://www.epinions.com

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