United Investors Life Insurance Company
| Company type | Subsidiary |
|---|---|
| Industry | Life insurance |
| Founded | 1961 |
| Headquarters | Birmingham , United States |
Area served | United States |
| Parent | Protective Life Corporation (since 2010) |
United Investors Life Insurance Company (UILIC) operated as a life insurance provider headquartered in Birmingham, Alabama, specializing in individual life insurance and annuity offerings. In 2010, it became a fully owned subsidiary of Protective Life Corporation and was subsequently integrated into its parent organization.
By 2010, UILIC oversaw insurance policies totaling more than $14 billion in force, serving over 150,000 policyholders through a network of approximately 1,400 licensed agents across the United States. The company maintained an A (Excellent) Financial Strength Rating from AM Best.
History
United Investors was established in 1961, with initial ownership comprising 90% by Waddell & Reed, Inc. and 10% by Continental Investment Corporation. Torchmark Corporation acquired these stakes via a subsidiary in October 1981.
In early 1998, Liberty National Life Insurance Company—an affiliate of Torchmark—purchased an 81% interest in United Investors Life, later acquiring the remaining 19% and transferring it to Liberty National in 2006. Torchmark divested United Investors Life to Protective Life Corporation, based in Birmingham, in December 2010.
The United Investors Life brand ceased operations around 2012.