If you are a respective American citizen seeking for a viable insurance shelter that provides best insurance coverage & financially sound then you have to take a tour through the page.
USAA:
You probably hard about USAA, a reliable insurance company with strong financial backup. USAA stands for United Services Automobile Association. It is a well diversified financial institution that provides not only insurance services but also offers banking, and other investing facilities to people and family members that serve, or used to serve, in the United States military. That means currently it sells its services to the military members and its respective family members and has a little service for others.
USAA is not a public company so it is not bound to abide by the rules of SEC of the country but its financial statement is audited by Ernst & Young as well as the major financial rating agencies of the country.
A. M. Best Company: A++ (Superior)
Standard and Poor's: AA+
Moody's Investor Service: Aaa (Exceptional)
Insurance: USAA provides different types of personal property and casualty (P & C) insurance, homeowner insurance, automobile insurance, renters insurance, whole life insurance, term life insurance, annuities and personal property insurance.
Life insurance policies of USAA are not completely unique, but different from most others as they do not include a war-exclusion clause.
Banking; USAA provides its banking services through FDIC. These banking services of USAA are accessible through person, , by phone, by mail service or through the help of internet. USAA Federal Savings Bank provides banking facilities with the mobile applications on the iPhone, smart phone with Android platform based operating system and windows based phone. Easy deposit facilities are also available for the members of USAA.
USAA also offers ATM.
Financial services:
USAA serves its members a brokerage facilities and a family of no-load mutual funds.
USAA also provides to purchase as well as hold mutual funds established by other companies, free financial advice to members, as well as services which require agreement to pay a given fixed rate for such financial planning services.
USAA is also rewarded for so many times for its service quality since 2002 and it is also remaining the top position in its respective field. USAA also maintaining a consecutive position in Fortune 500(Top Companies Around the World). According to F500 United Services Automobile Association (USAA)
Is in 132nd place and has a revenue of $17,557.6 million and a profit of $3,020.1 million.
In 2010 it remain 45th place in Fortune Magazine. USAA has also been recognized for many years as one of the 50 best corporations for career advancement for Latinas in the US.
United States
Number of locations
19 financial centers
If you are a customer of USAA or other insurance organization feel free to comment below so that we can discover and expose more about the services of different organization.
USAA:
You probably hard about USAA, a reliable insurance company with strong financial backup. USAA stands for United Services Automobile Association. It is a well diversified financial institution that provides not only insurance services but also offers banking, and other investing facilities to people and family members that serve, or used to serve, in the United States military. That means currently it sells its services to the military members and its respective family members and has a little service for others. History of USAA:
USAA was previously known as United States Army Automobile Association. The organization was formed in 1922. Some army officers had inspirational and entrepreneurial role to insure each other when they faced difficulties to insure their auto-insurance. As a military member they were considered as very risky to provide insurance coverage. Thus USAA was formed by some military officer to insure them. Since then it has prolonged to offer insurance services and banking to past and present members of the military members and their immediate families. In 1924, the name was changed to United Services Automobile Association and the members of other military services became qualified for membership.BUSINESS POLICY of USAA:
The company runs its business through direct marketing and most of its marketing is conducted over the Internet or telephone using employees instead of agents from the very beginning of its operation. Till 1960 USAA was depended on mail service after 1960 it started toll free phone calling to provide its service and around 1999 it established their very own website and started providing services over the internet.Current Financial Condition of USAA:
Towards the end of 2012 USAA got little more than 9.4 million members around the country. Recently FDIC provides that currently USAA has $45 billion in deposits and has more than 6.4 million accounts.USAA is not a public company so it is not bound to abide by the rules of SEC of the country but its financial statement is audited by Ernst & Young as well as the major financial rating agencies of the country.
Service Quality & Productline:
Currently USAA provides a wide area of financial and banking services including insurance.Insurance: USAA provides different types of personal property and casualty (P & C) insurance, homeowner insurance, automobile insurance, renters insurance, whole life insurance, term life insurance, annuities and personal property insurance.
Life insurance policies of USAA are not completely unique, but different from most others as they do not include a war-exclusion clause.
Banking; USAA provides its banking services through FDIC. These banking services of USAA are accessible through person, , by phone, by mail service or through the help of internet. USAA Federal Savings Bank provides banking facilities with the mobile applications on the iPhone, smart phone with Android platform based operating system and windows based phone. Easy deposit facilities are also available for the members of USAA.
USAA also offers ATM.
Financial services:
USAA serves its members a brokerage facilities and a family of no-load mutual funds.
USAA also provides to purchase as well as hold mutual funds established by other companies, free financial advice to members, as well as services which require agreement to pay a given fixed rate for such financial planning services.
Service Quality of USSA:
USAA is a highly regulated and well diversified organization. It provides the maximum service quality and its customer are also very satisfied to its service.USAA is also rewarded for so many times for its service quality since 2002 and it is also remaining the top position in its respective field. USAA also maintaining a consecutive position in Fortune 500(Top Companies Around the World). According to F500 United Services Automobile Association (USAA)
Is in 132nd place and has a revenue of $17,557.6 million and a profit of $3,020.1 million.
In 2010 it remain 45th place in Fortune Magazine. USAA has also been recognized for many years as one of the 50 best corporations for career advancement for Latinas in the US.
Headquarters
San Antonio, TexasUnited States
Number of locations
19 financial centers
Recommendation:
If you are eligible to take the service of USAA then for sure you got to take it now without looking anywhere else. Many customers from USAA and others insurance companies provided their best choice as USAA.If you are a customer of USAA or other insurance organization feel free to comment below so that we can discover and expose more about the services of different organization.
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