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National Life Group
National Life Group is a group of financial service companies that offers life insurance and annuity products for individuals, families, and businesses. It was chartered in 1848 by the Vermont General Assembly. History National Life Insurance, the predecessor company of National Life Group, was chartered by the Vermont Legislature on November 13, 1848. It has been insuring people for over 170 years and was one of the first mutual life insurance companies in the U.S. Past insurance customers have included passengers on the Titanic, as well as victims of the 1918 influenza epidemic. It became a member of the Vermont Chamber of Commerce in 1957. National Life offers a range of financial services, including life insurance coverage and retirement plans, and annuities. 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. The company is based in Montpelier, Vermont, with additional offices in Addison, T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Life Insurance
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person (often the policyholder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policyholder typically pays a premium, either regularly or as one lump sum. The benefits may include other expenses, such as funeral expenses. Life policies are legal contracts and the terms of each contract describe the limitations of the insured events. Often, specific exclusions written into the contract limit the liability of the insurer; common examples include claims relating to suicide, fraud, war, riot, and civil commotion. Difficulties may arise where an event is not clearly defined, for example, the insured knowingly incurred a risk by consenting to an experimental m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Annuity (US Financial Products)
In the United States, an annuity is a financial product which offers tax-deferred growth and which usually offers benefits such as an income for life. Typically these are offered as structured (insurance) products that each state approves and regulates in which case they are designed using a mortality table and mainly guaranteed by a life insurer. There are many different varieties of annuities sold by carriers. In a typical scenario, an investor (usually the annuitant) will make a single cash premium to own an annuity. After the policy is issued the owner may elect to annuitize the contract (start receiving payments) for a chosen period of time (e.g., 5, 10, 20 years, a lifetime). This process is called annuitization and can also provide a predictable, guaranteed stream of future income during retirement until the death of the annuitant (or joint annuitants). Alternatively, an investor can defer annuitizing their contract to get larger payments later, hedge long-term care cost ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Montpelier, Vermont
Montpelier () is the capital city of the U.S. state of Vermont and the seat of Washington County. The site of Vermont's state government, it is the least populous state capital in the United States. As of the 2020 census, the population was 8,074. However, the daytime population grows to about 21,000, due to the large number of jobs within city limits. The Vermont College of Fine Arts is located in the municipality. It was named after Montpellier, a city in the south of France. History The meadows and flats of the Winooski River were well known among natives for their corn-raising capacities. The natural site of Montpelier made it a favorite residence for the natives who first inhabited the land. The level plain of nearly two hundred acres of the rich farmland, sheltered from winds by the surrounding valley made the area comparatively warm and comfortable. Its position near the confluence of many streams allowed for favorable hunting, fishing, and trading. Native moun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Life Insurance
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person (often the policyholder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policyholder typically pays a premium, either regularly or as one lump sum. The benefits may include other expenses, such as funeral expenses. Life policies are legal contracts and the terms of each contract describe the limitations of the insured events. Often, specific exclusions written into the contract limit the liability of the insurer; common examples include claims relating to suicide, fraud, war, riot, and civil commotion. Difficulties may arise where an event is not clearly defined, for example, the insured knowingly incurred a risk by consenting to an experimental m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Annuity (American)
In the United States, an annuity is a financial product which offers tax-deferred growth and which usually offers benefits such as an income for life. Typically these are offered as structured (insurance) products that each state approves and regulates in which case they are designed using a mortality table and mainly guaranteed by a life insurer. There are many different varieties of annuities sold by carriers. In a typical scenario, an investor (usually the annuitant) will make a single cash premium to own an annuity. After the policy is issued the owner may elect to annuitize the contract (start receiving payments) for a chosen period of time (e.g., 5, 10, 20 years, a lifetime). This process is called annuitization and can also provide a predictable, guaranteed stream of future income during retirement until the death of the annuitant (or joint annuitants). Alternatively, an investor can defer annuitizing their contract to get larger payments later, hedge long-term care cos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vermont General Assembly
The Vermont General Assembly is the legislative body of the state of Vermont, in the United States. The Legislature is formally known as the "General Assembly," but the style of "Legislature" is commonly used, including by the body itself. The General Assembly is a bicameral legislature, consisting of the 150-member Vermont House of Representatives and the 30-member Vermont Senate. Members of the House are elected by single and two-member districts. 58 districts choose one member, and 46 choose two, with the term of service being two years. The Senate includes 30 Senators, elected by eight single-member and nine multi-member districts with two or three members each. It is the only state legislative body in the United States in which a third-party has had continuous representation and been consecutively elected alongside Democrats and Republicans. The Vermont General Assembly meets at the Vermont State House in the state capital of Montpelier. Biennial terms commence on the Wedne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Addison, Texas
Addison is an incorporated town in Dallas County, Texas, in the United States. Addison is situated to the immediate north of the city of Dallas, with a 2020 census population of 16,661. Addison and Flower Mound were the only two Texas municipalities labeled "towns" with a population greater than 10,000 at the 2010 census; since then the municipalities of Prosper and Trophy Club—also identifying as towns—have also exceeded 10,000 in population estimates. History The land occupied by present-day Addison was settled as early as 1846 when Preston Witt built a house near White Rock Creek. In 1902 the community named itself Addison, after Addison Robertson, who served as postmaster from 1908 to 1916. The first industry was a cotton gin, opening in 1902 on Addison Road. The community was formerly known as Noell Junction after settler Sidney Smith Noell, after whom Noel Road and Knoll Trail are named. As a city, Addison was incorporated on June 15, 1953. The first mayor of Addison ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NTT Data
is a Japanese multinational information technology (IT) service and consulting company headquartered in Tokyo, Japan. It is a partially-owned subsidiary of Nippon Telegraph and Telephone (NTT). Japan Telegraph and Telephone Public Corporation, a predecessor of NTT, started Data Communications business in 1967. NTT, following its privatization in 1985, spun off the Data Communications division as NTT DATA in 1988, which has now become the largest of the IT Services companies headquartered in Japan. History 2000s In 2002, it was the first Japanese company to obtain BS 7799 certification, an international information security standard. In 2007, the company had consolidated net sales of ¥1 trillion, and in 2008 the company acquired German-based Cirquent, Inc. A new organizational structure of the "Company System" was introduced in 2009. Also that year, the company acquired Extend Technologies Pty Ltd in Australia, as part of a strategy to expand the global footprint of special ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance Companies Of The United States
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 1848
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
