Pitcairnvoyage

The two primary forms of business organizations selling life insurance are stock companies (owned privately or publicly by individuals or institutions) and mutual companies (owned beneficially by their policyholders).

As a general rule, older and larger insurers tend to be mutual; newer companies tend to be stock. By 1988, the sheer number of life insurance companies in the United States peaked at 2,343, with just 118 mutual insurance companies and 2,225 stock insurance companies. While clearly outnumbered in these statistics, 6 of the top 10 insurers ranked by assets in 1988 were mutual carriers and accounted for 70 percent of the assets of the top 10.

Indeed, many of the traditionally trained life insurance agents today began their careers with mutual life insurers, and were often taught that "mutual was the way God intended life insurance."

 

Blog Critical Illness Cover Life Insurance Quotes Internet Marketing

Insurance Review Life Insurance Quote Reviews Life Insurance Review Site