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In spite of the COVID-19 pandemic spreading globally, the effects of which have drastically changed people’s lifestyles, Fubon Life Insurance actually grew against the headwind of 2020. Not only did its total assets exceed the NT$5trn (£128bn) mark, but the annual after-tax net profit also reached NT$61.04bn (£1.5bn), marking a substantial increase of 130 percent over the same period in 2019. Its overall premium income also exceeded NT$540bn (£13.9bn), making it a leading brand in the Taiwan insurance market. With the support from policyholders, and the trust and affirmation of investors, Fubon Life adheres to the strategy of flexible product portfolio and diversified distribution channels. It promotes insurance protection, continuous evolution, pursues excellence and practises the vision of enriching people’s lives with positive energy.
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USAA has been in business since 1922, providing auto, life, homeowners, health, and property insurance exclusively to active duty military, veterans, and their families, serving more than 13 million members nationwide. The company has an excellent reputation for financial stability and customer satisfaction. NextAdvisor named USAA one of the best car insurance providers for veterans.
While not everyone is eligible for a USAA product, experts agree it’s worthwhile to get a quote if you are qualified. If you can secure auto, life, and homeowners insurance at a lower cost, it can help your budget.
Here’s a breakdown of USAA’s product offerings and the benefits and drawbacks of becoming a member.
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