National Life markets its products through some 1,000 career agents and general agents, and over 3,000 independent managing general agents, agents and brokers throughout the United States. The company's career agents focus on providing financial solutions for individuals with an emphasis on those who manage their own business or professional practice, while agents in its Life Event marketing channel address a variety of client concerns through affordable, flexible life insurance products. Additional distribution capability is being developed to serve the insurance protection and financial planning needs in even broader markets.
National Life Insurance Company is licensed in all 50 states and the District of Columbia, supporting and underwriting a comprehensive portfolio of life insurance, annuity and equity products. The company's associates and sales representatives focus on providing financial solutions to their clients needs in the form of life insurance protection, estate and business succession planning, deferred compensation, retirement planning and pension plans.
In 1996, National Life acquired a majority interest in Life Insurance Company of the Southwest (LSW), a Dallas, Texas, based financial services company whose independent agents have been primarily involved in the 403(b) teacher retirement and pension-related markets. In 1999, National Life purchased the remaining outstanding shares of the company. LSW markets its products through more than 4,000 independent brokers, as well as National Life's career agency system and financial institutions.
In 1998, voting policyholders of National Life Insurance Company approved a plan to reorganize the company into a mutual holding company structure. The application to reorganize had previously been approved by the Vermont Department of Banking, Insurance, Securities and Health Care Administration and by the company's Board of Directors. The Board determined that the new structure provides the company with the best range of options for continuing to grow and thrive while preserving and enhancing policyholder interests.
In the year 2000, National Life celebrated 150 years of business and service to its customers. The company has grown from a small firm with a limited clientele and product portfolio to a dynamic and growing financial services company. But its goal in its earliest days remains essentially unchanged. Dr. Dewey wrote in his inaugural annual report to policyholders that "the primary object of managers of this company has been to maintain strength, so that no disappointment might befall those whose welfare depends on the integrity of its contracts."
Strength and integrity remain essential corporate characteristics. That original concept is as valid at National Life today as it was when those words were originally penned. – less – More from ZoomInfo »