Mutual Life-Assurance Company(redirected from Mutual Life-Assurance 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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved