National Life Group is a group of

financial service Financial services are the 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, ...

companies that offers

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 ...

and

annuity In investment, an annuity is a series of payments made at equal intervals.Kellison, Stephen G. (1970). ''The Theory of Interest''. Homewood, Illinois: Richard D. Irwin, Inc. p. 45 Examples of annuities are regular deposits to a savings account, ...

products for individuals, families, and businesses. It was chartered in 1848 by the

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 G ...

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 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 w ...

, with additional offices in

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 municipaliti ...

. Several member companies make up National Life Group, including Life Insurance Company of the Southwest. Equity Services, Inc., a registered broker-dealer and investment advisor, is an affiliate of National Life. In 2017, National Life sold Sentinel mutual funds to Touchstone Investments. In 2019, National Life Group expanded it's strategic partnership with

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 ...

to accelerate digital transformation. In 2019, National Life Group expanded its partnership with Cognizant, an IT consulting corporation. 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. 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!.'' 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 * Nimesh Mehta: Senior Vice President and Chief Information Officer * Robert Cotton: Chief Operating Officer * Sarah VanBeck: Chief Financial Officer * Jason Doiron: Senior Vice President and Chief Investment Officer

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. In 2018, the budget for the company’s charitable foundation was $2 million, and in 2019, the Foundation funded the report, “Evidence-Based Strategies to End Childhood Food Insecurity and Hunger in Vermont”.

References

External links

Official website
{{Authority control Insurance companies of the United States Financial services companies established in 1848 Financial services companies of the United States Life insurance companies of the United States