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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).
2014: Sold its Japan annuities business to Orix Life Insurance Corp. [13] 2013: Sold its life insurance business to Prudential, retirement plans to MassMutual, and a broker-dealer to AIG. [14] 2012: Announced it would focus on property and casualty insurance, group benefits and mutual funds, and would sell its wealth management businesses. [15]
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.
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Term life insurance: Term life insurance offers coverage for a fixed period of time, perhaps for 5, 10 or even 30 years. If the policyholder passes after the term of the insurance, then the ...
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. [1]
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