What is more, Providence uses proceeds from its life insurance and annuity sales to support the Church and other charitable institutions. It offers higher education scholarships and other fraternal benefits. It subsidizes the publication of the Ukrainian American newspaper, "America".        

WHY PROVIDENCE?

You have a choice in life insurance companies; so why choose Providence for your life insurance and personal, educational, family, and retirement savings needs?

Fraternal Benefits: Capital preservation for the Church and the community.

First, unlike commercial life insurance companies, Providence preserves assets within the Ukrainian American community. Your premium and savings dollars will not only work for you and your loved ones, but will also help support the Church, worthwhile charities and cultural, artistic and social pursuits. You will be preserving the commonwealth of the Ukrainian community. (Interested in using Providence products to benefit your church or charity? Click here)

Financial Stability

Second, The Providence Association's financial stability and responsibility are nothing short of admirable. Standard Analytic Services, Inc. (2007) reports, as follows: "...the analysis made of [Providence Association] is favorable in comparison with the aggregate averages of 25 of the largest companies [Aetna, Allstate, Hartford, MetLife, New York Life, Prudential, Travelers, etc.]. Significantly, Providence outscored these companies' average margin of assets over liabilities ($105 per $100) by nearly $34, showing a ratio of $139 per $100.

Providence's independent actuaries comment upon this so-called solvency ratio as follows: "[Providence's] five year average solvency ratio [of] 137.82% [is] one of the strongest... among 'fraternals' [fraternal benefit life insurance companies]."

Similarly, Providence's Surplus Funds and Liquid Assets per $100 of policy reserves and per $100 of liabilities, respectively, outscored the average of the same companies by a wide margin. Providence's scores of $42.58 and $104.21 exceeded the name brands' scores of $12.01 and $49.91.

Providence showed additional society strength by showing asset, reserve and surplus ratios that greatly exceeded the average ratios of the same 25 largest carriers. Providence's Gross Surplus remains comfortably at about $4 million.

Affordable Rates

Third, Providence's rates are reasonable, affordable and compare favorably to commercial insurance company rates. Providence can also provide significant benefits to persons who might not otherwise be able to qualify for commercial insurance.

Personalized Service

Finally, Providence will treats its members with the proper respect and attention that they deserve. You will never be saddles with administrative rates or loads. Every dollar will work for you and your loved ones.

Dividends

Unlike the customers of commercial insurance carriers, Providence's insureds will share in profits through dividends. Providence members can take these dividends as cash or as paid-up additional insurance. Each member of Providence owns a piece of the company and will be treated as such.

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