What does UNUM mean in INSURANCE
UNUM is an abbreviation for Union Mutual, which is a leading insurance company in the United States. Since its inception in 1848, the company has established a strong presence in the insurance market and is currently one of the largest insurers in the country. It offers a range of products including life insurance, health insurance, auto insurance, disability income protection and travel insurance. The company also provides retirement planning services as well as financial planning solutions to its customers. UNUM has been consistently delivering on its promise to provide quality assurance to its customers.
UNUM meaning in Insurance in Business
UNUM mostly used in an acronym Insurance in Category Business that means Union Mutual
Shorthand: UNUM,
Full Form: Union Mutual
For more information of "Union Mutual", see the section below.
Background
Established in 1848 by John Neaves in Maine, Union Mutual was formed to provide security and stability to those who were affected by unpredictable events such as accidents or illness. Over time, it has expanded its customer base and now serves over 10 million individuals spread across all 50 states in the US. Union Mutual is committed to providing customers with access to low-cost and reliable coverage that is tailored to their needs and budget. The company provides innovative products that meet the changing needs of consumers as well as comprehensive services that help ensure they receive the best value for their money.
UNUM Meaning in Business
UNUM meaning in business refers to an American insurer offering plans tailored for individual customers' needs at competitive rates — from basic century-old life plans like term policies to more advanced ones like long term care insurance packages. Founded nearly two centuries ago and based in Portland Maine; UNUM continues to be at the forefront of innovating risk management solutions catered not only towards traditional forms of risks but also those that are newly emerging due to advances in technology.
Essential Questions and Answers on Union Mutual in "BUSINESS»INSURANCE"
What is Union Mutual?
Union Mutual is a member-owned mutual insurance company founded in 1874. The company offers a range of personal and commercial lines of insurance, including automobile, homeowners and business insurance. Union Mutual's policyholders are also members of the company and have access to voting rights and dividends related to profits on their policies.
Where can I get more information on Union Mutual's products?
You can find more information about Union Mutual’s products by visiting their website at www.unionmutual.com or by calling their customer service team at 1-800-821-6819.
Does Union Mutual offer multiple payment options?
Yes, Union Mutual offers several payment options for its customers. Policyholders can pay their premiums in person or through online banking systems, automatic credit card payments, direct mail payments, money orders or bank drafts.
Does Union Mutual provide discounts on its products?
Yes, Union Mutual provides a number of discounts on its products including multi-vehicle discounts for auto insurance policies and loyalty credits for renewing your policy before the expiration date.
How do I file a claim with Union Mutual?
To file a claim with Union Mutual you should contact your local agent or call the customer service team directly at 1-800-821-6819 to begin the claims process.
Who qualifies for coverage under an Union Mutual policy?
Coverage under an Union Mutual policy is determined by state law and the terms of the specific policy purchased. Generally speaking, anyone who satisfies all conditions in the policy may qualify for coverage.
What types of coverages does an Union mutual auto policy include?
An Union mutual auto policy typically includes liability coverage that protects you from financial responsibility if you cause bodily injury or property damage in an accident, as well as collision coverage which pays for damages to your car resulting from a collision with another vehicle or object. In addition, comprehensive coverage covers risks such as theft or natural disasters that fall outside typical collision events.
Is there an app available to manage my services with Union mutual?
Yes, there is an app available specifically designed for use with union mutual services called MyUnionMutual which can be downloaded from App Store/Google Play store at no cost.
Does union mutual provide roadside assistance services?
Yes, Roadside Assistance is one of many services offered by union mutual that is included automatically when purchasing certain policies such as automobile insurance policies.
Final Words:
In conclusion, UNUM stands for Union Mutual which is an American insurer offering quality assurance through reliable coverage tailored specifically for individual customers’ needs and budget at competitive rates. With over 10 million individuals served across all 50 states in US, UNUM continues to uphold its promises by providing innovative products which meet changing consumer needs as well as comprehensive services that guarantee customers get value from their money spent on premiums.