Table of Contents
- 1 Who bought out independent life insurance?
- 2 What happened to independent life insurance company?
- 3 When an insured dies who has first claim to the death proceeds of the insured life insurance policy?
- 4 Is Transamerica going out of business?
- 5 What does an independent insurance agent do?
- 6 Who bought out Transamerica?
Who bought out independent life insurance?
The American General Corporation
The American General Corporation agreed yesterday to acquire Independent Insurance Group Inc. for $27.50 a share, or $362 million.
What happened to independent life insurance company?
Effective 12/31/1997, The Independent Life and Accident Insurance Company of Jacksonville, FL, merged into American General Life And Accident Insurance Company of Nashville, TN. They are no longer independent Life and Accident Insurance Company.
What are the oldest life insurance companies?
1759 Presbyterian Ministers Fund, the first life insurance company in the United States, was founded. 1762 Equitable Life Assurance Society, the world’s oldest mutual life insurer, was formed in England.
Can I be an independent life insurance agent?
Anyone working as an independent agent has have proper state certification to sell life insurance in that state. An independent agent also has to have the permission of the insurance companies in order to represent them. If an independent life insurance agent is needed, the right one for the job can be found.
When an insured dies who has first claim to the death proceeds of the insured life insurance policy?
Two “levels” of beneficiaries Your life insurance policy should have both “primary” and “contingent” beneficiaries. The primary beneficiary gets the death benefits if he or she can be found after your death. Contingent beneficiaries get the death benefits if the primary beneficiary can’t be found.
Is Transamerica going out of business?
Transamerica will no longer have operations in California, though the company still owns the Transamerica Pyramid in San Francisco and will continue to serve customers in California. The company was long based in San Francisco.
Who is the largest life insurance company in the US?
New York Life
The largest life insurance companies in the U.S.
| Rank | Company | Direct written premium (billion USD) |
|---|---|---|
| 1 | New York Life | 11.694 |
| 2 | Northwestern Mutual | 11.297 |
| 3 | MetLife (Metropolitan Group) | 10.493 |
| 4 | Prudential | 10.058 |
How do I become an independent insurance agent in Georgia?
To become a Georgia insurance agent, individuals must first enroll in an approved insurance pre-license prep course and complete required hours of study and learn applicable information. Once completed, the next step is to pass the license exam and apply for the license.
What does an independent insurance agent do?
An independent agent is an insurance agent that sells insurance policies provided by several different insurance carriers, rather than just a single insurance company. The independent agent acts as a middleman to connect insurance buyers and sellers in order to facilitate a transaction.
Who bought out Transamerica?
AEGON N.V. acquires Transamerica for $10.8 billion.