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PFG was first founded under the name Bankers Life Insurance Company. [2] Bankers Life Insurance Company was founded by wealthy Des Moines bankers, including Edward Temple, Simon Casady, and Phineas M. Casady. [3] The bank was founded in 1879 with Temple as president and Phineas Casady as vice president. [4]
If the insurance company issuing your annuity goes belly up, your principal and future payments aren’t insured by the federal government, the way bank deposits of up to $250,000 are at FDIC ...
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Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in the United States by 1989.
Primerica is the parent company of National Benefit Life Insurance Company, Primerica Life, Peach Re, and Vidalia Re. [8] [11] Primerica acquired e-Telequote in July 2021. [12] [13] The company that would become Primerica was founded in 1981. Primerica had its initial public offering in 2010.
Permanent life insurance policies, such as whole life or universal life, are designed to provide lifelong coverage, with maximum coverage ages ranging from 95 to 121, and typically include a cash ...
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The company's primary subsidiary, Protective Life Insurance Company, was established in 1907 and now markets its products and services in all 50 states. As of December 31, 2023, the corporation has more than 3,800 employees, annual revenues of $6.6 billion and assets of $118.4 billion.
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