Continuing the trend of mutuals forming stock holding companies, the two largest Indiana-based mutual life insurance companies have agreed to affiliate.Indianapolis Life Insurance Co. and American United Life Insurance Co. plan to come together as a mutual holding company which will have assets of $10 billion and more than $800 million in capital. According to […]
Sitting over the kitchen table in 1988, a Metropolitan Life Insurance agent gave Richard Steinberg an offer too good to refuse.The Pembroke Pines professional photographer recalls the agent telling him that he could double the value of his existing $50,000 policy, without ever paying a dime. But what the agent apparently neglected to explain was […]
TALLAHASSEE, Fla. Florida’s regulators are investigating whether Met Life Insurance Co. deceived thousands of policyholders_many elderly_to induce them to buy more expensive life insurance. Met Life is the latest company to surface as part of the state’s ongoing investigation into the sales practices of life insurers.Last spring Prudential Life Insurance Co. of America, the nation’s […]