Massachusetts Indemnity and Life Insurance Company (MILICO)
- 1927 – Founded: Originally established in Massachusetts, focusing on indemnity and casualty insurance.
- 1970s – PennCorp Ownership: Acquired by Pennsylvania Life Company (PennCorp).
- 1980 – Partnership: A.L. Williams (founder of the "Buy Term and Invest the Difference" crusade) signed an exclusive general agency agreement with MILICO to underwrite his term life policies.
- 1982 – Acquisition: American Can Company (later Primerica Corp) acquired PennCorp's interest in MILICO for associated transport assets and the insurance charter.
- 1980s – Growth: MILICO became the largest issuer of individual term life insurance in the U.S., driven by the A.L. Williams sales force.
- 1991 – Rebranding: The A.L. Williams sales force was rebranded as Primerica Financial Services.
- 1992 – Name Change: MILICO officially changed its name to Primerica Life Insurance Company to align the underwriting entity with the sales brand.
- 1993 – Travelers Merger: Primerica Corporation merged with The Travelers, bringing the company under the Citigroup umbrella (formed later in 1998).
- 2010 – IPO: Citi spun off Primerica as an independent public company (NYSE: PRI).
- Present – Status: Continues to operate as Primerica Life Insurance Company, the primary underwriter for Primerica's term life business.
Source: Primerica History
