Pekin Life Insurance Company

Pekin Insurance is an Illinois-based company that caters to Illinois, Iowa, Indiana, Ohio and Wisconsin. The company serves roughly 618,000 policyholders with a variety of insurance types, including life insurance.

With the Pekin company, life insurance options include Term Life Insurance, Universal Life Insurance, Simplified Issue Whole Life Insurance, and Guaranteed Death Benefit Whole Life Insurance. Pekin also offers a number of riders to complement their policies, such as the Accidental Death Rider and the Long Term Care Rider. Additionally, the company sells financial products to ensure that a deceased policyholder's debt does not transfer to their family.

History of Pekin Life Insurance Company

Pekin began in 1921 as a small auto insurance company. From its beginning number of 187 policies, the company grew to have 30,000 policies by 1945. In 1952, the company added fire coverage to its offerings. The Pekin Insurance Company officially formed in 1961, growing over the next several years to include life, general liability and workers compensation insurances.

Pekin Life Insurance Company Ratings

AM Best Co. rated Pekin Insurance Company at A-(Excellent) for financial strength and issuer credit in June 2008. AM Best cited reliance on Pekin Life's parent company and geographical concentration risk as offsetting its high ratings but also cited its positive financial growth as a sign of the company's stability.

Pekin Life Insurance Company Contact Information