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About State Mutual Insurance
In 1937, in an effort to create jobs and improve the economy of Rome, Georgia – all while saving an insurance company in state custodianship since 1913 – the State Legislature licensed 113 men to sell insurance. Their efforts were the beginnings of State Mutual Insurance, as more than the newly minted agents sold nearly $1.5 million in policies.
Although the company was founded in Georgia, as a mutual company it was originally chartered in Florida due to a lack of provision for mutual companies in its home state. When the laws changed, State Mutual re-chartered in Georgia. The company grew steadily, and in the 1980s absorbed several additional insurance companies.
During the 1990s, State Mutual shifted its focus to the senior insurance market. The creation of life insurance products aimed at seniors was accompanied by a move into the Medicare Supplement market; both were successful strategies. The company advertises their Medicare Supplement plans as a low-cost option.
Today, State Mutual Medicare and life insurance plans are sold through a network of agents in most states. They recently moved their main operations from the well-known building in Rome, Georgia, to an office in Florida. However, the companies official headquarters remain in Rome.
Medicare Supplement Plans
In spite of the fact that the website states that Medicare Supplement is State Mutual’s primary product, there is absolutely no information on the available plans to be found anywhere. There is a contact request form, but no quote request form. In addition, the contact request form has a field for a policy number, indicating it is meant more for current policyholders than new business. There is a toll-free number provided, which we assume is the correct way to obtain a quote and plan information. There is also a policyholder login, which doesn’t help the consumer attempting to select a new insurer.
With no information whatsoever on the plans, we are unable to provide a comparison to other companies. We can surmise that they likely offer at least a few of the standardized plans, but aside from the basic Plan A, which all Medicare Supplement insurers must provide, we have no solid information as to what other plans are available.
There is also no information available on the company’s rates, so we are also not able to offer any comparison on that front.
Ratings and Reviews
The Better Business Bureau (BBB) lists State Mutual but it is not rated. The lack of rating is based on the BBB inability to gather sufficient information about the company, which matches up with our experience attempting to gather information.
A single negative review appears on Google. Aside from this, we were unable to locate any further ratings or opinions on this company. For a company that has been around a long time and serves nearly the entire nation, this is surprising.
The Bottom Line
Due to a lack of information on State Mutual, aside from the company’s history, we are unable to form a solid conclusion regarding their services.
For a list of companies that we recommend, visit our Best Insurance Companies page.