THE PROVIDENCE ASSOCIATION of Ukrainian Catholics in America
Established in 1912, The Providence Association of Ukrainian Catholics in America is a Ukrainian fraternal benefit society and life insurance company. Providence provides its members and their families with affordable life insurance protection and mechanisms for retirement, educational and other savings.
Providence (“Провидіння” as it is known in Ukrainian) is also a civic organization that satisfies its members’ needs for fraternal and social interaction and for charitable and religious activity and expression.
Each of its 210 branches is composed of activists that volunteer countless hours to their churches, community, and other charitable institutions and pursuits. Providence is most proud of its role as an organizer, facilitator and supporter of these efforts.
Providence uses proceeds from its life insurance and annuity sales to support the Church, the Community and their charitable pursuits. It offers higher education scholarships and other fraternal benefits. For over a century, until decreasing subscriptions and prohibitive escalating costs forced suspension of this fraternal operation, Providence subsidized publication of the newspaper, “America”.
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)
Second, The Providence Association has been in business for over 100 years, surviving The Great Depression, two World Wars, the 9/11 tragedy and the economic turmoil of the new millennium. For years, Standard Analytic Services, Inc. has reported 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.] in America.
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.
Finally, Providence treats its members with the proper respect and attention that they deserve. You will never be saddled with administrative fees or loads. Every dollar will work for you and your loved ones.
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.