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1992 – merged with United Mutual Life Insurance Company, the only African-American life insurer in New York, in 1992. [28] 1992 – [29] acquired Executive Life's single premium deferred annuity business, which was worth approximately $1.2 billion. MetLife also acquired the firm's life insurance business, valued at about $260 million. [30]
In 2018, MetLife divested its remaining interest through a debt-for-equity exchange with four financial institutions that owned MetLife debt. [4] Headquartered in Charlotte, North Carolina, the company began selling annuity and life insurance under the Brighthouse Financial brand on March 6, 2017. [5]
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
As an AOL member you can now have access to a wide variety of digital tools and insurance products to protect the life you’re building and to keep accidents from landing you in debt. AOL MyLifeProtected makes it easier for you to navigate the insurance buying process and understand the market-leading insurance plans that best meet your ...
Term life insurance: guarantees payment of a death benefit during a specified time period. Additional TruStage insurance products include: Accidental death and dismemberment insurance (underwritten by CMFG Life Insurance Company): [ 18 ] pays a cash benefit if a person dies or is seriously injured in an accident.
“Their ‘magic number’ for retirement savings has swelled to an all-time high.” Gen X angst Americans estimate they should save $1.46 million for a comfortable retirement, a new ...
The Mutual Life Insurance Company of New York (also known as Mutual of New York or MONY) was the oldest continuous writer of insurance policies in the United States. Incorporated in 1842, it was headquartered at 1740 Broadway , before becoming a wholly owned subsidiary of AXA Financial, Inc. in 2004.
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