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Beneficial Financial Group is an insurance and financial services company based in Salt Lake City, Utah. It is a subsidiary of Deseret Management Corporation (DMC), [ 1 ] the for-profit arm of the Church of Jesus Christ of Latter-day Saints (LDS Church).
In 1977, Beneficial entered the reinsurance business through its insurance subsidiaries, but this business caused significant financial losses in the 1980s. Beneficial downsized this business and emphasized its second mortgage business. [3] In 1998, the company was purchased by Household International, Inc., for about $8.25 billion in stock.
Cash value life insurance can be beneficial for those who’ve maxed out investment accounts or have unique financial planning needs. When it comes to financial planning, life insurance, savings ...
Insurance companies began locating their West Coast headquarters in Wilshire Center because of tax incentives provided by the State. Some 22 high-rise office buildings were erected on Wilshire Boulevard from 1966 to 1976 to provide office space for such companies as Getty Oil Co., Ahmanson Financial Co., Beneficial Standard Life Insurance ...
Permanent life insurance: Permanent policies, including whole life and universal life, offer lifelong coverage as long as premiums are paid. These policies also include a cash value component ...
Life insurance underwriting is the behind-the-scenes process that plays a pivotal role in shaping your policy. This methodical evaluation delves into your personal and health details, considering ...
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