The Economy Premier Assurance Company is listed on the New York Stock Exchange because it is a member of the MetLife Auto and Home Group.
The New York Stock Exchange abbreviation for the MetLife Auto and Home Group and all of its subsidiaries is MET.
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The Economy Premier Assurance Company History
The history of the Economy Premier Assurance Company is the history of its parent company. The National Union Life and Limb Insurance Company was the original name for MetLife Insurance.
This company was founded in 1863. MetLife provided insurance to servicemen who fought in the Civil War.
In the beginning, the company only offered insurance to protect against disabilities incurred during battle, but this approach did not bring the company much success.
MetLife changed its approach to insurance in 1869 by discontinuing the lines of casualty business insurance they offered and putting all of the company’s energy into life insurance coverage.
Also during this time of change, the company changed its name to the Metropolitan Life Insurance Company, which today has been shortened to MetLife.
This new approach to insurance did not bring MetLife immediate success. In fact, they had another decade of poor performance before they were able to change things for the better.
In 1879, the MetLife president started looking toward England to find out how to make MetLife a true force in the United States insurance market. At the time, England had a very strong and successful approach to insurance.
By bringing in a handful of English insurance agents to lead the way, MetLife completely restructured its business and saw dramatic improvement almost immediately.
MetLife was writing hundreds of new insurance policies a day within just one year. Only one decade later the company that had seen such hard times was one of the leading life insurance providers in the country.
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The Economy Premier Assurance Company Careers
A career with a MetLife company like Economy Premier Assurance offers many benefits to its employees.
The three categories of employee benefits are:
- Core employee benefits – medical and prescription drug insurance, short-term disability insurance, dental insurance, long-term disability insurance, a retirement plan with a defined benefit, and a company matched 401 (k) savings plan
- Work and life solutions – paid holidays, paid time off, tuition assistance programs, flexible work arrangements, wellness and fitness programs, and adoption assistance
- Voluntary employee benefits – flexible supplemental life insurance, spending accounts, long-term care insurance, critical illness insurance, and legal services
The Economy Premier Assurance Company Products
The multiple types of products available through MetLife are insurance, planning services, investments, retirement services, and employee benefits.
MetLife offers many types of personal insurance, including:
The auto insurance coverage options available through MetLife include bodily injury and property damage liability coverage, comprehensive and collision coverage that comes with major parts replacement, full glass coverage, and new care replacement.
There are also many discounts available through MetLife.
These discounts include a seven percent discount for people who have taken a defensive driver course, 15 percent good student discount, a 12 percent superior driver discount, and a 20 percent MetRewards discount for people that do not have an auto violation for five years.