State Mutual
What Does State Mutual Mean?
State Mutual is a policyholder-owned insurance company headquartered in Rome, Georgia. It operates in numerous U.S. states and specializes in offering life insurance and Medicare supplement plans.
Insuranceopedia Explains State Mutual
A mutual company is an insurance provider owned by its members and policyholders, as reflected in the name State Mutual Insurance Company.
State Mutual was established during the Great Depression of the 1930s. To create employment opportunities, individuals in Rome, Georgia, were encouraged to sell insurance and were licensed by the State of Georgia to do so.
In the 1990s, the company shifted its marketing focus to senior citizens. As of 2016, it continues to serve this demographic by offering life insurance and Medicare supplement plans. Because premiums and underwriting get stricter with age, it’s worth reading up on how life insurance for seniors actually works before buying a policy from State Mutual or any competitor. Anyone shopping for coverage can also compare State Mutual’s rates and financial strength against the best life insurance companies in the country before deciding.
