Press Releases from National Life Group (14 total)
National Life Group® Announces a New Relationship with Expert Plan and 401(k) M …
Montpelier, Vermont – National Life Group, through its member company Life Insurance Company of the Southwest, has launched its new SecurePlus VIP (Value and Income Plan) for the 401(k) market. SecurePlus VIP is a fixed indexed annuity designed to complement traditional investment choices in a 401(k) plan. It may be ideal for employees who are approaching retirement and want guarantees1 that are inherent in fixed indexed annuities.…
National Life Group Honors Four Outstanding Educators
Financial Services Company Announces Its LifeChangers of the Year
Montpelier, Vermont – Educators in California, Florida, Texas and Oklahoma have been named LifeChangers of the Year under a new program by National Life Group that recognizes outstanding educators, administrators and school district employees who work in k-12 schools across the country.
“These four educators inspire us all,” said Mehran Assadi, CEO of National Life Group. “They make a positive difference…
National Life Group Reports 2011 Financial Results
Pre-tax and Net Income Both Set New Company Records: Statutory Surplus Stands At $1.14 Billion & Insurance In Force of $64.5 Billion
Montpelier, VT -- March 13, 2012 -- National Life Group releases its consolidated financial results for 2011, reporting new record highs in pre-tax operating income, net income, total assets under management, life sales, insurance in force, in-force annuity flow premium, and statutory surplus.
“We are a healthy, thriving…
A.M. Best Co. Affirms A (Excellent) Rating for the Insurance Companies of Nation …
Montpelier, Vermont – A.M. Best Co. has affirmed its A (Excellent) financial strength ratings for National Life Insurance Company and Life Insurance Company of the Southwest, the two insurance companies of National Life Group.
In addition, the rating firm upgraded the issuer credit ratings for the two companies from “a” to “a+.”
The two ratings evaluate different aspects of a financial services company. The traditional financial strength rating is designed to provide…
New LifeChanger of the Year Program Honors Outstanding Educators and School Dist …
ADDISON, Texas – National Life Group has unveiled a new program to recognize outstanding educators, administrators and school district employees who work in k-12 schools.
“The LifeChanger of the Year program is designed to reward school district employees who strive to make a positive difference in the lives of their students,” said Mehran Assadi, CEO of National Life Group. “The LifeChangers of the Year will be recognized for exemplifying excellence,…
National Life Group Reports 2010 Financial Results
Operating Revenue of $1.7 Billion Sets New Company Record ~ Statutory Surplus Stands At $1.1 Billion ~ Insurance In Force of $62 Billion
Montpelier, VT -- National Life Group today released its consolidated financial results for 2010, reporting a record high $1.74 billion in total revenue.
The company also announced that total assets under management grew $3 billion to $28.94 billion, that insurance in force increased roughly $2 billion to just over…
National Life Group Names Mary M. Lee As Its Chief People Officer
Montpelier, Vermont – Mary M. Lee has been appointed vice president and chief people officer of National Life Group.
The appointment, effective January 1, 2011, places Lee in charge of the department that oversees all people-related issues, including recruiting, organizational development and training, and total rewards for the roughly 900 employees who work at National Life Group.
“Mary is a seasoned professional with a passion for developing and serving people,” said…
National Life Group Reports 2009 Financial Results
Operating Revenue of $1.6 Billion Sets New Company Record
Statutory Surplus Reaches $1.1 Billion
Overall Sales Up 65 Percent
MONTPELIER, VERMONT, March 16, 2010 -- National Life Group reported today that overall sales increased 65 percent in 2009, a year that saw a record $1.6 billion in total revenues.
“I am incredibly proud of what we accomplished in 2009,” said CEO Mehran Assadi. “Our strong financial results, in both sales and earnings, would…
National Life Project Receives LEED-EB Silver Certification - The Largest Green …
MONTPELIER, Vermont – July 22, 2009 – National Life Group announced today that it has received Silver Certification in the Leadership in Energy and Environmental Design, Existing Building (LEED-EB) program, sponsored by the U.S. Green Building Council, the nation’s leading non-profit authority for green buildings.
National Life is the largest (543,992 s.f.) and oldest (1960) building in Vermont to receive LEED certification of any kind and the second existing commercial…
National Life Group: “Exceptional” sales growth in 2008
2008 Financial Results Announced
Montpelier, Vermont (March 10, 2009) – National Life Group today announced its financial results for 2008, highlighted by overall sales growth of 53 percent.
Mehran Assadi, president and chief executive officer, said that in 2008 annuity sales increased 41 percent, life sales were up 16 percent, and sales of mutual funds through Sentinel Investments jumped 115 percent.
“These are exceptional results,” said Assadi. “This is a remarkable…
National Life Group Appoints Chief Marketing Officer
Montpelier, Vermont (February 11, 2009) – Mehran Assadi, president and chief executive officer of National Life Group, has announced the appointment of Vincent G. Vitiello as chief marketing officer for National Life.
“I am very excited to have Vince join our team,” said Assadi. “He is a seasoned executive who is highly regarded throughout the industry. He brings to us nearly 30 years of distribution and marketing experience in two…
National Life Group Names Mehran Assadi as Next CEO
Montpelier, Vermont (October 14, 2008) – Mehran Assadi has been designated the next president and chief executive officer of National Life Group (NLGroup), the company’s Board of Directors announced on Tuesday.
Assadi, currently president of NLGroup’s life and annuity division, will succeed Thomas H. MacLeay, who is retiring Dec. 31 as president and CEO. MacLeay will remain as Chairman of the Board.
David Coates, the lead independent director on the board…
National Life Group Insurance Company Introduces “Next Generation” UL Produc …
Montpelier, VT, January 17, 2008 – Life Insurance Company of the Southwest (LSW), a member of National Life Group, has enhanced two popular universal life products, Harbor and Horizon, within its comprehensive product portfolio. National Life Group continues to offer more options and flexibility for its clients in the middle, emerging affluent/affluent, and business owner markets.
Harbor and Horizon Universal Life products allow two additional opportunities for those seeking traditional…
National Life Insurance Company Unveils New Universal Life Product
Montpelier, VT – National Life Insurance Company, a member of National Life Group, has introduced a new universal life product, NaviStar, to an already robust product portfolio. With this newest addition, National Life Group is offering more options and flexibility to help meet its clients’ needs, in particular, family protection, business planning, and wealth transfer.
NaviStar Universal Life is a flexible premium, flexible death benefit contract that can…
