Mutual Life Insurance Company

AM Best Downgrades Credit Ratings of Members of Columbian Financial Group; Maintains Under Review With Negative Implications Status

Retrieved on: 
Wednesday, June 7, 2023
Insurance, Professional Services, Constellation, AM Best, ALL, Mutual Life Insurance Company, CFG, COVID-19, Risk management, Beneficial Financial Group, Finance, Credit, Marginal, Acquisition, AM, News, Guarantee Security Life Insurance Company

Concurrently, AM Best has maintained the under review with negative implications status for these Credit Ratings (ratings).

Key Points: 
  • Concurrently, AM Best has maintained the under review with negative implications status for these Credit Ratings (ratings).
  • The ratings will remain under review until the transaction comes to a conclusion and AM Best evaluates the overall impacts.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Downgrades Credit Ratings of Members of Columbian Financial Group; Revises Under Review Status to Negative

Retrieved on: 
Thursday, April 20, 2023
Finance, Consulting, Banking, Professional Services, Insurance, Constellation, AM Best, ALL, Mutual Life Insurance Company, CFG, COVID-19, Risk management, LandAmerica Financial Group, Credit, Acquisition, AM, News, Guarantee Security Life Insurance Company

Concurrently, AM Best has maintained the under review status for these Credit Ratings (ratings) and revised the implications status to negative from developing.

Key Points: 
  • Concurrently, AM Best has maintained the under review status for these Credit Ratings (ratings) and revised the implications status to negative from developing.
  • The ratings will remain under review with negative implications until the transaction approvals are finalized, the transaction closes, and AM Best evaluates the overall impact.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Maintains Under Review with Developing Implications Status for Credit Ratings of Members of Columbian Financial Group

Retrieved on: 
Tuesday, February 28, 2023
Finance, Consulting, Banking, Professional Services, Insurance, Constellation, ALL, Risk management, AM Best, News, Mutual Life Insurance Company, Credit, Credit rating agency, Acquisition, Pressure, AM, CFG, Tax Cuts and Jobs Act of 2017, Guarantee Security Life Insurance Company, COVID-19, LandAmerica Financial Group, Life insurance

AM Best has maintained the under review with developing implications status for the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Ratings of “bb+” (Fair) of Columbian Mutual Life Insurance Company (Columbian) (Binghamton, NY) and Columbian Life Insurance Company (Chicago, IL), collectively referred to as Columbian Financial Group (CFG).

Key Points: 
  • AM Best has maintained the under review with developing implications status for the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Ratings of “bb+” (Fair) of Columbian Mutual Life Insurance Company (Columbian) (Binghamton, NY) and Columbian Life Insurance Company (Chicago, IL), collectively referred to as Columbian Financial Group (CFG).
  • The Credit Ratings (ratings) reflect CFG’s balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, neutral business profile and appropriate enterprise risk management.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Sensely Announces Partnership with Krungthai-AXA Life Insurance

Retrieved on: 
Tuesday, December 21, 2021
Human, AXA, Directory, Health, Insurance, CEO, Virtual, Emma, SAN, Policy, Mutual Life Insurance Company, Information services, Partnership, Solution, Industry, Axa, Patient, Krungthai Bank, Health insurance, Sense Scotland

SAN FRANCISCO, Dec. 21, 2021 /PRNewswire/ -- Virtual assistant pioneerSensely announced a strategic partnership with Krungthai-AXA Life Insurance, a Thailand-based carrier providing health insurance to approximately 500,000 members.

Key Points: 
  • SAN FRANCISCO, Dec. 21, 2021 /PRNewswire/ -- Virtual assistant pioneerSensely announced a strategic partnership with Krungthai-AXA Life Insurance, a Thailand-based carrier providing health insurance to approximately 500,000 members.
  • Sensely's avatar and chatbot-based platforms assist insurance plan members and patients with the insurance services and healthcare resources they need, when they need it.
  • Established in 2007, Krungthai-AXA Life Insurance Public Company Limited (KTAXA) is a partnership between Krungthai Bank PCL., and the AXA Group.
  • Today, Krungthai-AXA Life Insurance Public Company Limited is a fast-growing Life Insurance Company with a new brand promise "Know You Can" which encourages our customers to have self-belief and positions the company as a life partner that aims "to empower people to live a better life."

SBLI Acquires LegacyShield®

Retrieved on: 
Wednesday, August 4, 2021
Banking, Professional Services, Insurance, Finance, Companies, Insurance, Mutual Life Insurance Company, The Savings Bank, ING Group, Finance, Financial services

SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) announces that it has acquired LegacyShield, a state-of-the-art, integrated, consumer-centric platform that helps people store, organize and share all of lifes most important information when their loved ones need it most.

Key Points: 
  • SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) announces that it has acquired LegacyShield, a state-of-the-art, integrated, consumer-centric platform that helps people store, organize and share all of lifes most important information when their loved ones need it most.
  • SBLI invested in LegacyShield in 2017, and since then offered its customers a free subscription to a secure digital tool that features unique, easy-to-use services that help create and provide access to their legacy:
    Create documents for an estate plan, including will, power of attorney, HIPAA authorization, and advance directive
    After a long and fruitful partnership with LegacyShield, we are pleased that they have become part of SBLI, said SBLI President and CEO James Morgan.
  • LegacyShield helps by organizing otherwise confusing documents and materials for those trying to sort out an estate at a difficult time.
  • For nearly 115 years, SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) has specialized in providing hassle-free, affordable life insurance.

Boston Business Journal Names Boston Mutual Life Insurance Company Among the Most Charitable Companies in Massachusetts

Retrieved on: 
Tuesday, August 3, 2021
Mutual Life Insurance Company, Mutual organization, Insurance, Insurance companies, Cooperatives, Organizations, Liberty Mutual, Demutualization

"While Boston Mutual Life Insurance Company has always valued charitable efforts, the unexpected events of this past year have reinforced how important it is to give back.

Key Points: 
  • "While Boston Mutual Life Insurance Company has always valued charitable efforts, the unexpected events of this past year have reinforced how important it is to give back.
  • The Boston Business Journal is the region's premier business media organization, one of 44 markets owned by American City Business Journals.
  • Founded as a progressive life insurance company in 1891, Boston Mutual Life Insurance Company is a national carrier that provides insurance solutions designed for working Americans and their families, as well as enrollment and billing options at the workplace.
  • With its home office based in Canton, Massachusetts, as a mutual company, Boston Mutual Life is dedicated to acting in the best interests of its policyholders, producers, employees, and its communities.

Northwestern Mutual Grants $295,000 To Childhood Cancer Nonprofits Through Childhood Cancer Impact Awards

Retrieved on: 
Thursday, July 22, 2021
Insurance companies, Northwestern Mutual, Mutual Life Insurance Company, Insurance, Financial services in the United States

Since 2014, the company's Childhood Cancer Impact Awards has donated nearly $2.3 million in grants on behalf of the winning offices to childhood cancer nonprofits nationwide.

Key Points: 
  • Since 2014, the company's Childhood Cancer Impact Awards has donated nearly $2.3 million in grants on behalf of the winning offices to childhood cancer nonprofits nationwide.
  • The mission of the Northwestern Mutual Foundation is to improve the lives of children and families in need.
  • Our efforts are focused nationally on curing childhood cancer, and locally on education, neighborhoods and making our hometown ofMilwaukeea great destination.
  • Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries.

LifeQuotes.com Celebrates 100,000 Positive Customer Service Reviews Averaging 4.65 Stars

Retrieved on: 
Tuesday, July 20, 2021
Insurance, Assurity Life Insurance Company, Financial services in the United States, Mutual Life Insurance Company, MassMutual, American National Insurance Company, Types of insurance

Customers who want quotes and advice by phone can talk to our licensed specialists by calling (800) 556-9393.

Key Points: 
  • Customers who want quotes and advice by phone can talk to our licensed specialists by calling (800) 556-9393.
  • "The premier Web site in terms of details and ease of use..." -- Yahoo!
  • -- Insurance for Dummies
    LifeQuotes.com is an insuretech pioneer that caters to self-directed life insurance shoppers at www.lifequotes.com .
  • Policies examined include American Family Life Insurance Company, Madison, WI, policy form ICC14-LD10001; American National Insurance Company, Galveston, TX, policy form ART 12; Assurity Life Insurance Company, Lincoln, NE, policy form I L1702; Banner Life Insurance Company, Urbana, MD, policy form ICC08-LIA, and William Penn Life Insurance Company, Garden City, NY, policy form LIA-WP, both Legal & General America companies; Foresters Financial of Toronto, Canada, under form ICC16 770620; Haven Life Insurance Agency, Issued by C.M Life Insurance Agency, LLC, a subsidiary of Massachusetts Mutual Life Insurance Company (Mass Mutual) of Springfield, MA.

Penn Mutual Introduces Protection Variable Universal Life

Retrieved on: 
Monday, July 19, 2021
United States securities law, Finance, Types of insurance, Horsham, Pennsylvania, Money, Penn Mutual, Insurance, Life insurance, Securities Investor Protection Corporation, Mutual Life Insurance Company, Financial Industry Regulatory Authority, Government

HORSHAM, Pa., July 19, 2021 /PRNewswire/ -- The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, announces the introduction of Protection Variable Universal Life (PVUL), a permanent life insurance product providing guaranteed lifetime death benefit protection with the opportunity to build cash value through subaccount market growth potential.

Key Points: 
  • HORSHAM, Pa., July 19, 2021 /PRNewswire/ -- The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, announces the introduction of Protection Variable Universal Life (PVUL), a permanent life insurance product providing guaranteed lifetime death benefit protection with the opportunity to build cash value through subaccount market growth potential.
  • PVUL is our first variable universal life product primarily focused on guaranteed death benefits and addresses the emerging estate planning market.
  • Penn Mutual supports its financial professionals with retirement and investment services through its wholly owned subsidiary Hornor, Townsend & Kent, LLC, member FINRA / SIPC .
  • 2021 The Penn Mutual Life Insurance Company, 600 Dresher Road, Horsham, PA 19044

Northwestern Mutual Receives Perfect Score on 2021 Disability Equality Index

Retrieved on: 
Tuesday, July 13, 2021
Northwestern Mutual, Mutual Life Insurance Company, Insurance, Service companies, Financial services

MILWAUKEE, July 13, 2021 /PRNewswire/ --Today Northwestern Mutual announced the company earned its third consecutive perfect score on the Disability Equality Index (DEI).

Key Points: 
  • MILWAUKEE, July 13, 2021 /PRNewswire/ --Today Northwestern Mutual announced the company earned its third consecutive perfect score on the Disability Equality Index (DEI).
  • "Another perfect score on the Disability Equality Index validates our efforts in this space, and we'll continue to cultivate our culture now and in the years to come."
  • Northwestern Mutual also received its seventh consecutive perfect score on the 2021 Human Rights Campaign's Corporate Equality Index.
  • Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries.