On the recordJune 22, 2023
Mr. President, I rise today to commemorate the 175th anniversary of Unum, a great company with deep Maine roots, the country's largest provider of private disability insurance and a leader in advancing the health and financial security of America's workers. When the company was incorporated in Maine in 1848 as Union Mutual, the very first policy issued covered founder and president Elisha B. Pratt for $5,000. Today, Unum helps protect 45 million people and their families across the United States, the United Kingdom, and Poland. The company pays $8 billion in benefits each year and helps many people in their journey back to work after a long illness or injury. More than 180,000 businesses, including many of America's largest companies, partner with Unum to provide for their employee's well-being. Unum has a long history in Maine and is today one our State's major employers with a proud tradition of providing access to insurance coverage for workers and their families. The company was a pioneer in the nascent insurance market in the United States and, over the years, has provided businesses and individuals with new ways to help protect their financial futures. A century ago, Unum was the first to offer life insurance through group coverage, enabling employees to purchase policies at reduced premiums. Nearly 85 years ago, the company introduced the first disability insurance to provide workers with the ability to protect their paychecks in the event of illness or injury.…
Source
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