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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.
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Wesco was originally the holding company for Mutual Savings, a savings and loan association. Mutual Savings' thrift operations were sold to CenFed Bank in 1993. [ 6 ] It was for a long time 80.1% owned by Blue Chip Stamps , which is now completely and fully owned by Berkshire Hathaway , which is controlled by legendary investor Warren Buffett .
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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). [2]
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