Mutual Life-Assurance Company

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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.
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11 October 2016 - Pennsylvania-based life insurance provider The Penn Mutual Life Insurance Company has agreed to merge with Connecticut-based insurance provider Vantis Life Insurance Company, the company said.
Those conversions began with MONY Group (formerly Mutual Life Insurance Company of New York).
a real estate operating company specializing in the ownership of free-standing movie theater properties and theater-anchored retail centers, has announced that Northwestern Mutual Life Insurance Company has taken a significant equity stake in the company.
Goodkind, Labaton, Rudolf & Sucharow, a law firm, signed for 37,500 square feet while Massachusetts Mutual Life Insurance Company inked a 13,000-square-foot agreement.
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