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Polish Roman Catholic Union of America Insurance Company

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The Polish Roman Catholic Union of America, also known as PRCUA, is the starting company (or mother company) of Polish American fraternals. PRCUA is based in Chicago and was established in 1873. They offer life insurance and annuity products that fit individual budgets and needs.

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PRCUA offers term and whole life insurance, combinations of both term and whole, along with both non-qualified annuities and IRA’s. They also offer several ways for these programs to be paid keeping them competitive with other companies.

PRCUA takes pride in the fraternal activities that surround their company and encourages members to do so as well. Their 138-year-old motto “for God and country” is stressed and encourages loyalty to the U.S. and good citizenship as well.

Polish Roman Catholic Union of America Benefits and Products

As a member of PRCUA, you become eligible to obtain and partake in several benefits. Some of these benefits include:

  • Residential Mortgage Loans
  • Narod Polski Publication
  • Educational Scholarships
  • Educational Loans
  • Certificate Loans
  • Student Scholarship Grant Program
  • Orphan Benefit
  • Newborn Child Benefit
  • HTA Prescription Discount Card

PRCUA has also added impressive benefits in terms of insurance and annuities to its portfolio. Their products have plans that protect a person’s future, education, family and provide retirement income for those looking to do so.

Their permanent life insurance has four different plans:

  • Membership special
  • Traditional whole life
  • Single premium whole life
  • 5-10-20 year limited payment whole life plan

PRCUA also has three different types of term life insurance:

  • Annual renewable level term
  • 5, 10, 20, or 30-year renewable level term
  • 10, 15, 20, 25, or 30-year mortgage decreasing term.

Lastly, PRCUA has four different annuity options:

  • Non-qualified
  • Traditional IRA
  • Roth IRA
  • SEP-IRA

Polish Roman Catholic Union of America History

As one of the earlier Polish Roman Catholic fraternal benefit societies in the U.S., PRCUA led the way for social programs that assisted its members financially. They did so by collecting donations for the needy, orphaned, and widowed members. On top of that, they raised funds to build a hospital and orphanage.

As the PRCUA grew in years, so did its business. In 1886, an insurance system was put in place and in correlation membership improved. The organization was able to donate larger and larger sums of money to the community in order to build churches and schools.

The PRCUA also developed its own weekly publication in order to better serve the community and its members. The name of the publication changed several times but in 1897, the name Narod Polski stuck and it has been that same name since.

With its memberships, the Polish American community became a huge center of what they were trying to accomplish. Members were encouraged to blend their Polish culture, religious faith, and American ideals in order to be dedicated.

Polish Roman Catholic Union of America Contact Information

984 N Milwaukee Ave
Chicago, IL 60642-4101
(773) 782-2600

Hours: Monday-Friday: 8:00am–4:00pm

Polish Roman Catholic Union of America Ratings

According to A.M. Best , PRCUA received a C++ rating for financial strength and a credit rating of B. Unfortunately, both of these ratings are negative with A.M. Best withdrawing these rating per the company’s request.

With the A.M. Best’s rating system ratings fall anywhere between A++ (considered Superior), to F (considered liquidation). Any rating between A++ and B+ is considered “secure.” Those that are below a B+ are “not secure.”

The reason for these ratings is to reflect a downward trend of net operating losses, modest risk-adjusted capital position, a spread compression from the very low interest rates and their capital and surplus has received a high exposure to equities.

Health Insurance Companies with Top Ratings

According to National Association of Insurance Commissioners the top 5 national health insurance companies for 2009-2010 are the following (not ranked in any particular order):

  • Wellpoint Inc. Group
  • Kaiser Foundation Group
  • United Health Group
  • Humana Group
  • Aetna Group

This information was collected in 2009 and made available to the public in early 2011. The largest of the U.S. health insurers earned approximately 650 billion dollars in premiums in 2009. Two-thirds of this total $650 billion was earned by the top 25 health insurance companies (a complete list is available on the U.S. News website).

To compare the best health insurance rates enter your zip code. You can also compare the top ten health insurance company’s rates to find which health insurance company fits your individual or company’s needs best.

 

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