National Life Group is the trade name of National Life Insurance Company and its affiliates that offers life insurance and annuity products for individuals, families, and businesses. National Life Insurance Company was chartered in 1848 by the Vermont General Assembly.
National Life Insurance Company was chartered by the Vermont Legislature on November 13, 1848.[3][4][5] It has been insuring people for 175 years and was one of the first mutual life insurance companies in the U.S.[6] The company wrote its first policy on the life of Daniel Baldwin, a resident of Montpelier, on January 17, 1850. It also paid its first death claim only a few months after its founding at the death of Rowland Allen, who had bought two policies for face amounts of $500 each.[7] Rowland died while traveling to California in 1850. Other past insurance customers have included passengers on the Titanic, as well as victims of the 1918 influenza epidemic.[6]
The company became a member of the Vermont Chamber of Commerce in 1957.[8] National Life offers a range of financial services, including life insurance coverage and retirement plans, and annuities.[9][6] The Group’s customer base was 843,000 in 2016, and in 2017 the face value of its life insurance policies was just over $100 billion.[3]
The company is based in Montpelier, Vermont, with additional offices in Addison, Texas.[10][11][1] Several member companies make up National Life Group, including Life Insurance Company of the Southwest.[12] Equity Services, Inc., a registered broker-dealer and investment advisor, is an affiliate of National Life.[13] In 2017, National Life sold Sentinel mutual funds to Touchstone Investments.[14][15]
In 2019, National Life Group expanded it's strategic partnership with NTT DATA to accelerate digital transformation.[16]
In 2019, National Life Group expanded its partnership with Cognizant, an IT consulting corporation.[17]
In March 2020, the company’s CEO, Mehran Assadi, was awarded the Transformative CEO Award for Customer Experience in the insurance category by The CEO Forum.[18][19]
Authors Jackie and Kevin Freiberg, who wrote NUTS! Southwest Airlines’ Crazy Recipe for Business and Personal Success, feature National Life Group in their book CAUSE!.[20][21][22] This, however, was a paid engagement - similar to an advertisement placed in Business Insider. It is currently ranked #747,240 in Amazon Books, a statistic loosely reflective of the content’s value.
Leadership
Mehran Assadi: Chairman, Chief Executive Officer, and President[18]
Nimesh Mehta: Senior Vice President and Chief Information Officer[23]
Jason Doiron: Senior Vice President and Chief Investment Officer[26]
Charitable Efforts
The National Life Group Foundation sponsors various charitable events and programs focused on children, students, and educators. The Foundation helps sponsor the LifeChanger of the Year Award and the National Coalition for Safe Schools.[27] In 2018, the budget for the company’s charitable foundation was $2 million,[4] and in 2019, the Foundation funded the report, “Evidence-Based Strategies to End Childhood Food Insecurity and Hunger in Vermont”.[28]
References
^ ab"Insurer is doubling its Addison office on the tollway". Dallas News. 2019-04-09. Retrieved 2019-12-19.
^ abc https://merrillconnect.iscorp.com/nlg/viewDocument.action?itemNbr=60034. {{cite web}}: Missing or empty |title= (help)
^ abEfron, Louis. "How The CEO Of National Life Group Drives Continuous Improvement". Forbes. Retrieved 2019-12-19.
^ ab"National Life sales outpace national trends". VTDigger. 30 June 2019. Retrieved 19 December 2019.
^Commissioner, Vermont Insurance (1898). Report of the Insurance Commissioner of the State of Vermont.
^ abc"How This Life Insurance Company Inspires Young Adults". CreditDonkey. 2020-02-18. Retrieved 2020-06-03.
^"National Life Group marks 165th anniversary". Vermont Business Magazine. 2013-11-13. Retrieved 2023-02-21.
^"National Life Group". Vermont Chamber of Commerce. Retrieved 2020-02-20.
^Zind, Steve (9 March 2016). "National Life Group Reports 2015 Earnings". www.vpr.org. Retrieved 2019-12-19.
^"National Life Group Life Insurance Review". Good Financial Cents®. 2017-09-06. Retrieved 2019-12-19.
^"How National Life manages organic growth from the inside out". CIO. 20 August 2018. Retrieved 19 December 2019.
^"National Life Group Introduces Lifetime Income Option on Indexed Universal Life (IUL) Products". InsuranceNewsNet. 2011-01-05.
^"Equity Services, Inc. SEC financial statements" (PDF). SEC. 27 February 2017.
^"National Life sells Sentinel mutual fund business to Touchstone". Vermont Business Magazine. 2017-10-30. Retrieved 2019-12-19.
^"Sentinel Mutual Funds Acquired by Touchstone Investments | Western & Southern Financial Group". www.westernsouthern.com. Retrieved 2019-12-19.
^"National Life Group extends strategic partnership with NTT Data - Sep 04,2019". News | National Life Group. Retrieved 2019-09-04.
^"National Life Transforms Customer Experience Program with Cognizant - Apr 16, 2019". News | Cognizant Technology Solutions. Retrieved 2020-04-05.
^ ab"Transformative CEO Awards For Customer Experience Announced". Forbes. Retrieved 2020-04-28.
^"The CEO Forum" (PDF). The CEO Forum Group. Retrieved 2020-04-28.
^"This CEO Is Stunning a Sleepy Industry With Culture Change--and Surprising Results". Inc. 13 June 2017.
^"Finding Inspiration In The Wake Of Life'S Storms | InsuranceNewsNetMagazine.com". www.insurancenewsnetmagazine.com. Retrieved 2020-02-06.
^"Cause-driven companies perform better, stand out in sea of sameness". Multivu. 16 February 2016.
^"National Life Group CIO on adjusting to coronavirus". Digital Insurance. 2020-05-11. Retrieved 2020-06-26.
^"National Life sales outpace national trends". VTDigger. 2019-06-30.
^"Washington County Economic Report: Downtowns garner much of the economic development focus". Vermont Business Magazine. 2019-11-11.
^"Indiana School Resource Officer Wins National LifeChanger of the Year Spotlight Award". Cision. 11 December 2019.
^"New report presents strategies to end childhood hunger in Vermont". Vermont Business Magazine. 2019-03-06. Retrieved 2020-02-25.
External links
Official website
February 26, 2023
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National Life Group is the trade name of National Life Insurance Company and its affiliates that offers life insurance and annuity products for individuals families and businesses National Life Insurance Company was chartered in 1848 by the Vermont General Assembly National Life GroupIndustryInsurance life and annuityFoundedNovember 13 1848 1848 11 13 HeadquartersMontpelier Vermont United StatesKey peopleMehran Assadi Chairman CEO and President 1 Net income 392 million 2021 2 Total assets 42 billion 2021 2 Number of employees1 200 2021 2 Websitehttp nationallife com Contents 1 History 2 Leadership 3 Charitable Efforts 4 References 5 External linksHistory EditNational Life Insurance Company was chartered by the Vermont Legislature on November 13 1848 3 4 5 It has been insuring people for 175 years and was one of the first mutual life insurance companies in the U S 6 The company wrote its first policy on the life of Daniel Baldwin a resident of Montpelier on January 17 1850 It also paid its first death claim only a few months after its founding at the death of Rowland Allen who had bought two policies for face amounts of 500 each 7 Rowland died while traveling to California in 1850 Other past insurance customers have included passengers on the Titanic as well as victims of the 1918 influenza epidemic 6 The company became a member of the Vermont Chamber of Commerce in 1957 8 National Life offers a range of financial services including life insurance coverage and retirement plans and annuities 9 6 The Group s customer base was 843 000 in 2016 and in 2017 the face value of its life insurance policies was just over 100 billion 3 The company is based in Montpelier Vermont with additional offices in Addison Texas 10 11 1 Several member companies make up National Life Group including Life Insurance Company of the Southwest 12 Equity Services Inc a registered broker dealer and investment advisor is an affiliate of National Life 13 In 2017 National Life sold Sentinel mutual funds to Touchstone Investments 14 15 In 2019 National Life Group expanded it s strategic partnership with NTT DATA to accelerate digital transformation 16 In 2019 National Life Group expanded its partnership with Cognizant an IT consulting corporation 17 In March 2020 the company s CEO Mehran Assadi was awarded the Transformative CEO Award for Customer Experience in the insurance category by The CEO Forum 18 19 Authors Jackie and Kevin Freiberg who wrote NUTS Southwest Airlines Crazy Recipe for Business and Personal Success feature National Life Group in their book CAUSE 20 21 22 This however was a paid engagement similar to an advertisement placed in Business Insider It is currently ranked 747 240 in Amazon Books a statistic loosely reflective of the content s value Leadership EditMehran Assadi Chairman Chief Executive Officer and President 18 Nimesh Mehta Senior Vice President and Chief Information Officer 23 Robert Cotton Chief Operating Officer 24 Sarah VanBeck Chief Financial Officer 25 Jason Doiron Senior Vice President and Chief Investment Officer 26 Charitable Efforts EditThe National Life Group Foundation sponsors various charitable events and programs focused on children students and educators The Foundation helps sponsor the LifeChanger of the Year Award and the National Coalition for Safe Schools 27 In 2018 the budget for the company s charitable foundation was 2 million 4 and in 2019 the Foundation funded the report Evidence Based Strategies to End Childhood Food Insecurity and Hunger in Vermont 28 References Edit a b Insurer is doubling its Addison office on the tollway Dallas News 2019 04 09 Retrieved 2019 12 19 a b c https merrillconnect iscorp com nlg viewDocument action itemNbr 60034 a href Template Cite web html title Template Cite web cite web a Missing or empty title help a b Efron Louis How The CEO Of National Life Group Drives Continuous Improvement Forbes Retrieved 2019 12 19 a b National Life sales outpace national trends VTDigger 30 June 2019 Retrieved 19 December 2019 Commissioner Vermont Insurance 1898 Report of the Insurance Commissioner of the State of Vermont a b c How This Life Insurance Company Inspires Young Adults CreditDonkey 2020 02 18 Retrieved 2020 06 03 National Life Group marks 165th anniversary Vermont Business Magazine 2013 11 13 Retrieved 2023 02 21 National Life Group Vermont Chamber of Commerce Retrieved 2020 02 20 Zind Steve 9 March 2016 National Life Group Reports 2015 Earnings www vpr org Retrieved 2019 12 19 National Life Group Life Insurance Review Good Financial Cents 2017 09 06 Retrieved 2019 12 19 How National Life manages organic growth from the inside out CIO 20 August 2018 Retrieved 19 December 2019 National Life Group Introduces Lifetime Income Option on Indexed Universal Life IUL Products InsuranceNewsNet 2011 01 05 Equity Services Inc SEC financial statements PDF SEC 27 February 2017 National Life sells Sentinel mutual fund business to Touchstone Vermont Business Magazine 2017 10 30 Retrieved 2019 12 19 Sentinel Mutual Funds Acquired by Touchstone Investments Western amp Southern Financial Group www westernsouthern com Retrieved 2019 12 19 National Life Group extends strategic partnership with NTT Data Sep 04 2019 News National Life Group Retrieved 2019 09 04 National Life Transforms Customer Experience Program with Cognizant Apr 16 2019 News Cognizant Technology Solutions Retrieved 2020 04 05 a b Transformative CEO Awards For Customer Experience Announced Forbes Retrieved 2020 04 28 The CEO Forum PDF The CEO Forum Group Retrieved 2020 04 28 This CEO Is Stunning a Sleepy Industry With Culture Change and Surprising Results Inc 13 June 2017 Finding Inspiration In The Wake Of Life S Storms InsuranceNewsNetMagazine com www insurancenewsnetmagazine com Retrieved 2020 02 06 Cause driven companies perform better stand out in sea of sameness Multivu 16 February 2016 National Life Group CIO on adjusting to coronavirus Digital Insurance 2020 05 11 Retrieved 2020 06 26 National Life sales outpace national trends VTDigger 2019 06 30 Washington County Economic Report Downtowns garner much of the economic development focus Vermont Business Magazine 2019 11 11 Jason Doiron National Life Indiana School Resource Officer Wins National LifeChanger of the Year Spotlight Award Cision 11 December 2019 New report presents strategies to end childhood hunger in Vermont Vermont Business Magazine 2019 03 06 Retrieved 2020 02 25 External links EditOfficial website Retrieved from https en wikipedia org w index php title National Life Group amp oldid 1141547342, wikipedia, wiki, book, books, library,
