AETNA LIFE INSURANCE COMPANY

Aetna thinks you oughta have some life insurance. As the life insurance subsidiary of health care giant Aetna, Aetna Life Insurance Company (ALIC) offers group life policies and select individual products throughout North America. It also provides disability insurance and underwrites some of its parent's health plan policies. ALIC was founded in 1853 as a spinoff of Aetna Insurance Company and is the primary entity that makes up Aetna's Group Insurance segment. After more than 150 years in operation, the company has more than 20,000 group life contracts in force. 

The company targets a wide range of small to large corporate customers across the US. Its policies are marketed through Aetna's sales representatives and through independent brokers and consultants.

ALIC's life insurance offerings for groups include term, universal, and supplemental (including spouse and dependent) coverage, as well as accidental death and dismemberment coverage. Group term life policies, which can either be fixed or variable (tied to employee wages), are its most popular offering.

Disability offerings are designed to replace employees' income while they are on short-term or long-term disability leave. These policies are offered on an employer group or individual account basis. For group accounts, ALIC offers absence management and disability administration services.

Additionally, ALIC is the underwriter for certain health plan benefits sold by its Aetna sister companies including self-funded and PPO medical plans and dental plans, as well as student health insurance plans. Aetna no longer sells new long-term care insurance coverage (for nursing home stays), but it still services existing policies.

The parent company's operations are focused on accident and health insurance, while life and disability insurance accounts for about 5% of total earned premiums.

▲ Show Less▼ Show Full Description


AETNA LIFE INSURANCE COMPANY


151 Farmington Ave
Hartford, CT 06156-0001
Phone: 1 (860) 273-0123
Fax: 1 (860) 2736348
www.aetna.com

STATS


  • Employer Type: Subsidiary
  • Chairman, President and CEO: Mark Bertolini
  • Chief Financial Officer; Senior Vice President; Chief Enterprise Risk Officer: Shawn Guertin
  • Executive Vice President Operations & Technology: Meg McCarthy

Major Office Locations

  • Hartford, CT

Career Update Newsletter

Tips and tools to help you manage your ideal career.

SALARY FINDER

SALARY FINDER

Health Service Administrator

  • $0
  • 25
  • 50
  • 75
  • 100
  • 100+
Yearly Salary Range (US$ Thousands)