Mutual life insurers restructure as mutual holding companies to gain financial flexibility
Article Abstract:
Mutual holding companies are the most sought after restructuring choice of mutual life insurance companies in pursuit of their goals of increasing capital and expanding marketing to include various financial services. The choice has been possible since 1995 when states began authorizing the conversion of mutual life insurance companies into holding companies. The preference is over the previously used and more expensive options of conversion to stock companies or mergers.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 1998
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Merging of the life insurance and securities industries accelerates
Article Abstract:
The life insurance industry has undergone a transformation in the services it provides. The insurance industry continued in 1998 to promote services allowing its customers to directly invest in the stock market. With its representatives acting as financial planners, the insurance industry has proven that although it has changed it will continue to be a vital part of estate planning.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 1998
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