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Sammons Enterprises, Inc. is a diverse holding company composed of financial services, industrial equipment, real estate investment, and infrastructure businesses operating in six countries. Headquartered in Dallas, Texas (US), Sammons was established by Charles Sammons [ 1 ] in 1938.
At its core, a variable annuity is designed to provide a steady stream of income during retirement. But these financial products are more complex, costlier and riskier than other types of annuities .
Brighthouse Financial, Inc. is one of the largest providers of annuities and life insurance in the United States, with $219 billion in total assets and approximately 2.6 million insurance policies and annuity contracts in-force (as of March 31, 2018).
In December 2009, Guggenheim acquired a division of Wellmark and renamed it Guggenheim Life & Annuity. [20] In February 2010, Guggenheim Partners acquired Security Benefit Corp, parent company of Rydex Funds. [21] In October 2011, it acquired the life insurance company EquiTrust from FBL Financial Group. [22]
Jackson National Life Insurance Company (often referred to as simply Jackson) is a U.S. company that provides annuities for retail investors and fixed income products for institutional investors. Jackson subsidiaries and affiliates provide specialized asset management and retail brokerage services.
In 1851, the oldest predecessor of The Phoenix Companies, The American Temperance Life Insurance Company, was founded.The American Temperance Life Insurance Company was a part-mutual, part-stock company that insured only those who abstained from alcohol and was founded by a group of prominent Hartford businessmen as well as religious and civic leaders.
On 9 October 2023, the company announced an agreement where S. USA Life Insurance Company, Inc., an affiliate of Prosperity Life Group, will acquire National Western in an all-cash transaction valued at approximately $1.9 billion. [6] The merger was completed in July 2024 with its stock being delisted from the Nasdaq. [7]
Mutual Savings Life provides life insurance products, annuities, and other insurance products to individuals and businesses. Founded in 1927 in Decatur, Alabama, Mutual Savings is owned by Primesco, a company founded for the purpose of acquiring Mutual Savings.