MONY BOARD OKS DEMUTUALIZATION PLAN
Mutual Life Insurance Co. of New York (MONY) has announced that its board of trustees adopted the company’s demutualization plan, under which MONY will convert from mutual to stock ownership.Under the demutualization plan, MONY will become a stock life insurance company and be renamed MONY Life Insurance Co., a subsidiary of the MONY Group Inc. MONY Life and other subsidiaries will offer life insurance, annuities, mutual funds and securities products….Press: Journal of Commerce, The (New York, NY)
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