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Gap Insurance |
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Monumental (GSFS) Gap Insurance |
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Protective Today |
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Gap Insurance
Every 27 seconds, a motor vehicle is stolen in the United States. Meanwhile, traffic gets worse by the day. So the chances are theft or an accident will leave you facing the total loss of your vehicle. Guaranteed Auto Protection (GAP) insurance policy is designed to protect an owner's equity in the event of a total loss of the vehicle.
Vehicle insurance may not compensate you fully for your loss, but only for what is considered "fair market value" - in many cases less than what you will need to pay off your loan. GAP covers that "gap" between your insurance company compensation and the loan balance.
First Innovations has partnered with some of the most well known and financially sound insurance companies in the world for its GAP programs.
Monumental (GSFS) Gap Insurance
Monumental Life Insurance Company is one of the oldest and largest life insurance companies in the United States. Monumental Life is a member of the worldwide AEGON Group, one of the world's largest and most respected insurance organizations.
Monumental Life provides life and supplemental health insurance products and services to meet the basic insurance, protection and financial security needs of America's middle income consumers.
Monumental Life consistently receives high ratings from insurance rating agencies for its financial strength and claims-paying ability.
Founded in Baltimore, Maryland in 1858, Monumental Life has a long, proud history of commitment to the customers and communities we serve. With agents and offices in many regions of the country, we are able to reach out to policyholders and prospects in their homes, neighborhoods and places of business.
Monumental Life's long-standing reputation for service, its history of financial strength, its claims-paying ability and strong operating performance have earned it consistent high marks from insurance rating agencies.
Protective Life Corporation, which today offers a broad portfolio of life and specialty insurance and investment products, traces its roots to the Corporation's flagship company, Protective Life Insurance Company. Protective Life Insurance Company is a nearly 100-year-old institution built upon a belief in hard work and integrity. Today, Protective's continued commitment to these basic principles is demonstrated through our dedication to three core values: Quality, Serving People, and Growth.
A Strong Foundation Protective's values-oriented management philosophy was established by its founder, former Alabama Governor, William Dorsey Jelks, who started Protective Life Insurance Company in 1907. Believing that serving people begins with being worthy of their trust, Jelks' commitment to Protective's customers, shareholders, and employees remains today the focus of the Company's leadership.
Beginning in the 1920s, Protective embarked on an expansion policy. In 1928, our Company made one of the first major landmark buildings in Birmingham its new home, and by the end of the decade brought the amount of insurance in force to almost $6 million, a substantial sum in 1928.
Protective continued to grow, even through the dark economic times of the 1930s. Colonel William J. Rushton assumed the top leadership position at the Company in 1937, and for the next three decades guided it with the same sound leadership that had come to characterize our Company. Colonel Rushton also helped reinforce Protective's culture of integrity and fairness, a culture that remains strong and healthy today.
When William J. Rushton, III assumed the helm of our Company in 1969, Protective had been operating primarily as a regional provider, serving customers throughout the South. The second Rushton to sit in Protective's CEO chair, William, or Billy as he insisted everyone call him, built upon his father's success, and drove substantial growth by introducing Protective's family of products to all 50 states. In addition, Billy is remembered for his strong commitment to infusing our Company with a sense of quality.
Whereas Billy expanded product distribution across the United States, Drayton Nabers, Jr., who succeeded Billy as CEO in 1992, grew Protective by increasing its distribution across a variety of channels. He achieved this through internal growth as well as acquisitions. The most significant of those acquisitions include West Coast Life Insurance Company, which further solidified Protective's position on the west coast, the Lyndon Companies in St. Louis, Missouri, which doubled the size of Protective's Asset Protection Division, and Matrix Direct, an innovative direct marketer of term life insurance products, located in San Diego, California.
Protective Today
In 2002, when John D. Johns became Protective's CEO, he brought with him many of the qualities that Protective's previous leaders had demonstrated over the Company's 95 year history. Those leadership qualities, combined with a continued reliance on our Company's core values and management philosophy, have helped Protective become one of the fastest growing companies in the life insurance industry.
