Insurance companies have a solemn duty to provide future benefits to their insureds for incurred losses. Lincoln Heritage assumes this duty with honor and pride, and we have built our company to provide the financial strength to partner with you today and into the future. As illustrated by the graphs below, Lincoln Heritage has shown steady growth in assets, premium income, life insurance in force as well as capital and surplus. These numbers illustrate Lincoln Heritage's commitment to its customers and sound financial standings.
TOTAL ASSETS have grown steadily since 1971. Growing assets are the results of wise investing coupled with sound financial management. We are proud that the assets of Lincoln Heritage Life Insurance Company have grown over 330 fold since 1971.
PREMIUM INCOME has increased steadily since 1971. Increasing premium income is essential to the growth and stability of an insurance company. Increased production and steady improvement in persistency have resulted in an increase of over 170 times the premium income collected in 1971.
CAPITAL and SURPLUS is largely proportional to the income of an insurance company. A good steady growth of capital and surplus allows a company to expand its production thus increasing the amount of policyholders it may serve. Since 1971 we have experienced a controlled growth rate of capital and surplus enabling us to serve many policyholders and remain a financially strong company.
POLICYHOLDER BENEFITS is the primary reason that an insurance company exists. The satisfaction that is derived from helping people in their hour of need is beyond description. We pride ourselves on our 24-hour claim service. As you will discover, we live to be there offering a helping hand. Our policy benefits paid have increased from $59,900 in 1971 to over $60 million in 2006.
INSURANCE IN FORCE is an important measure of how many people have put their trust in the insurance company, actually their independent agent, to be there when the family will need it most. We are proud that the amount of trust has increased from $5 million in 1971 to over $2.2 billion in the year 2006.
