The Constitution Life Insurance Company sells life insurance, Medicare health supplement insurance, long-term care policies, disability insurance and dental insurance, according to the Missouri Department of Insurance. Constitution Life policies are available for purchase through its network of insurance agents or by contacting Constitution's parent company, Universal American, at UniversalAmerican.com.
Constitution Life Insurance is headquartered in Houston, Texas, and has administrative offices in Lake Mary, Florida, according to the Florida Office of Insurance Regulation. In 2014, Constitution merged with Union Bankers Insurance Company, and in 2015, it merged with both Marquette National Life Insurance and the American Pioneer Life Insurance Company, according to the Missouri Department of Insurance.
In October 2015, the A.M. Best insurance company ratings firm announced that it was placing Constitution Life Insurance and its parent firm Universal American under review, with negative implications. Universal American received an issuer credit rating of “bb," and Constitution received a “bbb-” rating. The action followed an announcement by Nassau Reinsurance Group L.P. that it would acquire Constitution and related companies, which would become wholly owned subsidiaries, according to Business Insurance. A.M. Best reported that Universal would report a tax loss, and expressed concern about the company's decreased insurance premiums, unfavorable earnings and business prospects.