Blue wave

Manhattan Life Insurance Company (The) / ManhattanLife

NAIC#
65870
AM BEST:
B++
S & P:

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Manhattan Life Insurance Company (The) / ManhattanLife

  • 1850Founded: Established in New York City, it is one of the oldest continuously operating life insurance companies in the U.S.
  • 1850Firsts: Issued the first group life policy in the U.S. and the first accident policy for a woman.
  • 1864Incontestability: Introduced the "Incontestability Clause" into policies (stating the carrier cannot contest a claim after a certain period), which later became industry law.
  • 1900sOld Reliable: Earned the nickname "Old Reliable" for paying claims reliably through the Civil War, pandemics, and depressions.
  • 1980sOwnership Change: Struggled financially and was acquired by the Harris Family (led by David Harris) in the mid-80s, who recapitalized the company.
  • 1990sRebuilding: Focused on worksite voluntary benefits and supplemental health products.
  • 2014Acquisition: Acquired Western United Life Assurance Company, expanding into the annuity market.
  • 2016Acquisition: Acquired Family Life Insurance Company, strengthening its presence in the mortgage protection market.
  • 2018Acquisition: Acquired Standard Life and Casualty Insurance Company.
  • PresentRebranding: Markets itself as ManhattanLife, operating as a group of four insurance companies offering life, health, and annuity products.

Source: ManhattanLife History Brochure

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