Mutual Life-Assurance Company

(redirected from Mutual Life Insurance Companies)

Mutual Life-Assurance Company

A life insurance company owned by its own policyholders. That is, policyholders elect the board of directors, and profits, if any, are distributed to policyholders each year in proportion to their individual exposures to the company. Many insurance companies are structured in this way.
References in periodicals archive ?
reviewed the stock-price performance of six mutual life insurance companies that converted to stock companies and sold shares through an IPO and measured the change in share price from the date of public offering to the six-month anniversary of that offering.
The Financial Accounting Standards Board and the American Institute of CPAs have issued statements concerning the ways mutual life insurance companies should account for and report certain contracts.
Connecticut Mutual Life Insurance Company is one of the nation's largest mutual life insurance companies, with nearly 150 years of experience and more than $12 billion in assets.
Dividends paid to policyholders at mutual life insurance companies, like Penn Mutual, are refunds of premium based on the actual experience of a block of policies.
John Hancock is a one of the nation's largest mutual life insurance companies with admitted assets of $44.
mutual life insurance companies in history -- produced Phoenix Home Life, the 12th largest mutual life insurance company in the country.
The Penn Mutual Life Insurance Company is one of the oldest and most respected mutual life insurance companies in the nation, founded in 1847.
John Hancock is one of the nation's largest mutual life insurance companies with admitted assets of $40.
State Mutual is the fifth oldest life insurance company in the country and ranks among the 20 largest mutual life insurance companies in the United States.
Currently these distributions systems include the field forces of National Life, Provident Mutual and Penn Mutual life insurance companies, the joint venture partnership which sponsors Sentinel, and a wide range of independent fee-based planners.
Founded in 1847, Penn Mutual is one of the oldest and largest mutual life insurance companies in America.
BUSINESS WIRE)--June 16, 1995--Founded in 1847, Penn Mutual is one of the oldest and largest mutual life insurance companies in America.
Full browser ?