Posts Tagged ‘zurich’

Website - http://www.zurich.com
Located – Zurich, Switzerland
Phone - +41-44-625-25-25
Employees – 60,000
Revenue (mil.) – $47,472
Description - It’s a wonder anyone would leave Zürich, nestled as it is in the beautiful Swiss Alps. But the business interests of Zurich Financial Services (Zurich) have crossed the mountains and spread to all but cover the globe. Serving approximately 170 countries worldwide, the company is a leading provider of general corporate insurance. Focused on markets in Europe and North America, the company’s General Insurance segment offers property/casualty and specialty insurance, while its Life Insurance segment offers life insurance, annuities, and other investment policies. The company was founded in 1872.

Source: http://www.hoovers.com

Reviews & Ratings

Saxguy’s Full Review of Zurich Life Insurance Group

After a business degree and an MBA, I always figured that I would build my assets outside of insurance policy and I would provide for my untimely death (if it had happened) through term insurance. 

There are two basic types of life insurance. Whole life has an investment component in addition to the death benefit component. Whole life policies have fixed premiums. They do provide a nice buildup of emergency money for those who are not able to save and invest elsewhere. Term insurance has only the death benefit component. It is quite inexpensive when the policyholder is young and healthy, and more expensive as the policyholder ages and becomes infirm. 

I had always figured I could invest money better than the modest whole life return. So, for me, it was no choice. 

I got the maximum term insurance available through my professional organizations, the American Institute of CPAs and the Illinois CPA Society. Still, when I was offered a chance to buy an additional $500,000 in term life for 20 years for a fixed fee, I jumped at it. Online quotations were not available at the time, but I checked around and I got a decent price from Zurich-Kemper, a major insurer. 

Maybe I am over insured. But my son was in middle school at the time, my wife is retired due to disability, and I wanted to make sure that if something did happen, the house would be paid off and there would be enough money left over for whatever happened. 

The application process was easy. I gave the agent my medical history and they sent a paramedic who weighed me, took my vital signs and a blood sample. 

In the last 8 years, there have been no issues with the insurance. I can pay semi-annually or annually. Customer service answers the phone during the few times I have needed them. This insurance has provided an extra layer of security. 

At this point in my life, I am much less insurable. My weight is up and I’ve had a couple of heart attack scares, which were false alarms. I’ve lived within our means and saved and invested carefully, with good success, even with a blip in the markets in the last week and a half. 

So, I am really glad I bought the term insurance at the time. I recommend term insurance as an option and Zurich Kemper as a vendor. 

Thanks for reading. God bless!

rhall’s Full Review of Zurich Life Insurance Group

Dealing with many businesses today can be a battle, PacBell likes to have it’s customers wait at least 30 minutes before speaking to someone who is no help at all – it’s difficult to find companies that still place value on customer service as if it was conceded years ago. 

Zurich Kemper I must credit for efficiency and a streamlined process. In search of life insurance after the birth of our son I visited www.insweb.com which provided excellent tools to help you find your way: 

1) A Coverage Calculator: The insweb.com tool allows you to input all the variables you need and spits out the likely coverage you should get. After discussion my wife and I considered the tool to be a little loaded towards selling higher value policies but it provides a good starting point to consider. Just take it with a pinch of salt and think over what do I really need. 

If you work in the life insurance sector do you know if this calculator is slightly loaded to overquote? Try it out and add a comment. 

2) Quote Comparisons: By far the best tool on insweb.com was the ability to quickly compare quotes from half a dozen companies. 

Using the quote comparer it quickly became apparent that Zurich life was about 10% more competitive than any other company. Looking into financial asset backing Zurich has $19bn I believe and does not appear to be making up for any obvious deficiencies by quoting so low. 

I’d be interested to know from anyone in the life insurance industry if perhaps this comparison calculator is in any way loaded to favour a particular company. 

After submitting the quote within 24 hours an insurance agent from term.com called us back confirming the information. Then you get put into the Zurich Life process. 

I can be hard to get hold of by phone but Zurich made at least 2 calls to get ahold of me and provided a reference number so they could quickly refer to my quote. As it happened I couldn’t find this when the time came but their system found my record equally fast based on my social security number. 

They then do a phone interview lasting probably 30 minutes deluging you with what must be a standard array of personal questions. 

One high-point, perhaps common to life insurance providers, is that they scheduled a medical but the medical can be done at your home out of hours – so you can fit it into even the most tight schedule. 

All in all Zurich has lived up to it’s Swiss name and gone through a very smooth process.

Source: http://www.epinions.com