U.S. Financial Life

U.S. Financial Life Insurance Company (NAIC 84530) has been managed in recent years as part of a run-off and closed-block strategy rather than a high-growth new-business writer. California regulator profiles list the company under its current name and NAIC identifier, confirming its licensing status, domicile, and lines of business.[1] In 2019, Equitable Holdings (AXA Equitable) announced an agreement to sell U.S. Financial Life Insurance Company (USFL) and MONY Life Insurance Company of the Americas to Heritage Life, with the transaction expected to close in early 2020 subject to regulatory approvals.[2]

Equitable's announcement states that USFL and MLICA were acquired alongside Equitable's 2004 acquisition of the MONY Group and had been in run-off since 2007, with combined net statutory reserves of about $1.0 billion.[2] That framing is important: managing in-force obligations through interest-rate cycles requires asset-liability expertise, expense control, and often the use of reinsurance or block transfers to optimize capital.[2]

Today, the company's public-facing site emphasizes policy servicing for existing customers, consistent with a run-off posture.[3] The opportunity in run-off management is not rapid sales growth, but reliable administration and disciplined capital stewardship over decades as policies mature and guarantees come due.[1][2][3] These deals also reflect how the industry separates "new business" growth platforms from legacy blocks, allowing each to be managed with its own capital, expense, and investment priorities.

Sources: [1] https://interactive.web.insurance.ca.gov/companyprofile/companyprofile?doFunction=getCompanyProfile&eid=71302&event=companyProfile ; [2] https://ir.equitableholdings.com/news-and-events/investor-releases/news-details/2019/AXA-Equitable-Holdings-Announces-Agreement-to-Sell-Certain-Run-off-and-Closed-block-Businesses/default.aspx ; [3] https://www.usfli.com/