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The Bankers Life and Casualty Company was established in 1932 as a mutual life insurance company in Chicago, Illinois. [6] In contrast to most other life insurance companies, whose costs included salaries for accountants, sales agents, officers, and actuaries, Bankers Life minimized its overhead as a means of undercutting the monthly insurance premiums of its competitors.
[23] [24] Office spaces were not included because, according to Galbreath's executive managing director, "the rents were not high enough to support new office construction or rehabilitation". [107] The renovation was to take two years and cost $230 million, with the building being rebranded as the Trump International Hotel and Tower. [ 24 ]
However, bankers noted that the minibonds are indeed low-risk instruments since they were backed by Lehman Brothers, which until just months before its collapse was a venerable member of Wall Street with high credit and investment ratings, and many banks accepted minibonds as collateral for loans and credit facilities.
The company has faced several lawsuits in which they were accused of denying claims to seniors[2] and both Conseco and Bankers have been noted as having a particularly high amount of complaints among long-term care clients: in 2005, Conseco had one complaint for every 383 such policyholders,[2] whereas, according to 2005 statistics, Genworth ...
Ameritas Life Insurance Corp. (established in 1887 as Old Line Bankers Life Insurance Company of Nebraska) is a mutual insurance company. [1] It is owned by Ameritas Mutual Holding Company, headquartered in Lincoln, Nebraska, United States. The company includes Ameritas Mutual Holding Company (AMHC) and Ameritas Holding Company (AHC), as well ...
BHG Financial LLC (formerly Bankers Healthcare Group, LLC) is an American company headquartered in Fort Lauderdale, Florida. [1] [2] It also maintains financial headquarters in Syracuse, New York, and sales and technology headquarters in Davie, Florida, [3] [4] with additional offices in Midtown Manhattan, New York City, and Alpharetta, Georgia.
In 1936 Lincoln Life and Accident Insurance Company, a Muskogee or Oklahoma City, Oklahoma insurance company merged with Income Life of Louisville, Kentucky, under the name of Lincoln Income Life Insurance Company. The company was acquired by Conseco in 1986 and was merged with another of Conseco's companies Bankers National Life Insurance Company.
The American Bankers Association (ABA) is an American trade association for the U.S. banking industry, founded in 1875. They lobby for banks of all sizes and bank charters, including community banks , regional and money center banks, Federal savings associations , mutual savings banks , and trust companies .