Mutual life insurance company

Election of Domestic Mutual Life Insurance Company Directors

The Office of General Counsel issued the following opinion on May 20, 2003, representing the position of the New York Insurance Department Re: Election of Domestic Mutual Life Insurance Company Directors Question Presented: Is the board of directors of a domestic mutual life insurance company required under the New York Insurance Law to present to its policyholders, for their vote on an upcoming election, a slate of nominees for openings on the board of directors that includes individuals nominated by the policyholders? Conclusions: Under N.Y. Ins. Law § 4210 (McKinney 2000) if the statutorily required number of policyholders have not presented an independent slate of director nominees...

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New England Mutual Life Insurance Company,

New England Mutual Life Insurance Company New England Mutual Life Insurance Company Boston, Massachusetts 02117 New England Mutual Life Insurance Company is a broadbased corporation offering insurance, personal financial services, and institutional investment. Its subsidiaries offer diverse services, including commodity trading advice; estate equity management; private financing to small and midsized companies; financial, educational, and planning services; brokerage of mutual funds; investment partnerships; individual retirement accounts (IRAs); and marketing and sales support to other New England subsidiaries. In April 1835 Willard Phillips, a Massachusetts lawyer, chartered and...

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N.C. Mutual Life Insurance Company BlackUSA

N.C. Mutual Life Insurance Company Since its beginning in 1898, North Carolina Mutual Life Insurance Company has grown to become one of the nation’s most widely-known and successful business institutions. It is the only insurance company domiciled in North Carolina with a charter dated before 1900. North Carolina Mutual is the oldest and largest African American life insurance company in the United States. The Company’s seven organizers were men who were active in business, educational, medical and civic life of the Durham community. An early financial crisis tested their resolve and the company was reorganized in 1900 with only John Merrick and Dr. Aaron M. Moore remaining....

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Six Employees Honored By Boston Mutual Life Insurance Company At 20 Plus Club Reception

CANTON, Mass., Aug. 7, 2018 /PRNewswire/ -- Boston Mutual Life Insurance Company, a national provider of insurance solutions for individuals and at the workplace, today announced six employees who reached a twenty-year milestone with the company. These employees were honored alongside more than 50 other employees with twenty or more years at the company's 41st Annual 20 Plus Club Recognition Reception. The event, hosted on June 21, 2018, acknowledged the employees' long-term dedication to Boston Mutual. "We value the hard work and dedication of our employees; they play an integral role in our success," said Paul A. Quaranto, Jr., Chairman, Chief Executive Officer and President at Boston...

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The Mutual Life Insurance Company of New York,

The Mutual Life Insurance Company of New York The Mutual Life Insurance Company of New York The Mutual Life Insurance Company of New York (MONY) has been successful for most of its history. It played a key role in the development of the U.S. life insurance industry. Although it has been selling conventional whole life policies for more than a century, MONY has accounted for several industry innovations. Despite its conservative heritage, MONY diversified in the rough and tumble 1980s, branching off in several directions and acquiring new companies. Now the 11th-largest insurance firm in the United States, MONY is heading into the 1990s on solid footing. MONY is the oldest continuous...

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North Carolina Mutual Life Insurance Company founded - African American Registry

North Carolina Mutual Life Insurance Company founded The founding of North Carolina Mutual Life Insurance Company (NCM) in 1898 is celebrated on this date. Founded by John Merrick, it is headquartered in Durham, NC. It was one of the first black-owned insurance companies in America. Charles Spaulding was also instrumental in building NCM’s legacy. To honor its past, the North Carolina Mutual Life Insurance Company (NCM) created The Heritage Room to preserve and document the rich history of the company. Located on the 12th floor of the home office building, the Heritage Room is a pictorial exhibit containing 33 panels that chronicle the company's first 100 years. In the first decade of the...

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AT THE GATE: Mutual Life Insurance Company of New York; An Insurer's Transformation Is a Modest Bet - The New York Times

AFTER 155 years as a life insurance company that concentrated on providing policies at low cost rather than on turning a profit, the Mutual Life Insurance Company of New York is preparing to enter the turbulent world of publicly traded companies. The big question for investors is whether management can turn a tortoise into something more closely resembling a hare. There is money to be made if Michael I. Roth, the chief executive, succeeds. For like other sluggish mutuals that have made the transition to stock ownership, MONY, as it is known, should come out of the gate in the next few weeks at a big discount. At an expected price of about $20 a share for its initial public offering, it...

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Another Northwestern Mutual Life Insurance Tax Disaster

Another Northwestern Mutual Life Insurance Tax Disaster Given all the misery, suffering and injustice in the world, I guess people getting a tax screwing because of whole life insurance is not the worst thing that can happen. According to Just Detention International over 200,000 prisoners are sexually assaulted in the United States each year. That's a lot worse. Still, I'm a tax blogger, so I write about the bad tax things that happen to people. I find it particularly galling when something that is meant to be tax beneficial turns into a tax nightmare. It seems to happen a lot with whole life insurance. The latest I've noted is the case of Boyd J. Black. Mr. Black was in Tax Court over a...

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Northwestern Mutual Life Insurance Company, Encyclopedia of Milwaukee

Northwestern Mutual Life Insurance Company is one of Milwaukee’s largest corporations, and among the largest life insurance providers, real estate investors, and financial services enterprises in the United States. Maintaining its headquarters in downtown Milwaukee since 1859, the company grew along with the city over time, becoming one of its largest employers and a significant contributor to its landscape and economy. An accomplished life insurance agent from New York, company founder John C. Johnston retired and moved to the Janesville, Wisconsin, area, where he established a large livestock farm in 1854. Johnston saw the burgeoning young state as a promising market for a mutual life...

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Overview - Glenn Daily

Mutual Life Insurance Company Reorganizations: An Overview My company has announced that it will demutualize. My company has announced that it will convert to a MHC. My company has already converted to a MHC. My company has not made any announcement about reorganization. I own a policy issued by a mutual company. I used to own a policy issued by a mutual company. I'm thinking of buying a policy from a mutual company. What is this all about, and why should I care? Many mutual life insurance companies want to stop being purely mutual. Some have already changed to a different form of organization, some have proposed a reorganization plan, and some are exploring their options. Reorganizations...

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