Acacia Life
Type of Insurance Company: Mutual
Name of Parent Company:
UNIFI Companies
Company Overview:
Company History: Founded 1869, when President Andrew Johnson signed a Congressional act, chartering the company to provide death benefits to widows and orphans of Masons. Merged into UNIFI in 2006.
Principal Methods: Career agents.
Life Annuity Business: Acacia Life sells Flexible Premium Variable Universal Life insurance, plus Variable Annuity plans to individuals.
Health Business: Acacia Life sells a variety of Individual Disability insurance plans, plus Group Dental and Vision policies.
Company Rating:
Best Insurance Reports: A
Best Rating: A.M. Best rating: A (excellent)
Company Financial Status:
Assets & Premiums: 2006 Assets (parent) $17.3 billion
2006 Revenues (parent) $1.763 billion
S&P rating: AA- (very strong)