Policyholder Information
Company Overview
The Mutual Benefit Life Insurance Company, domiciled in New Jersey, was licensed to operate in all 50 states, the District of Columbia, and Puerto Rico. The company offered life, health, and annuity products available to the individual, group, and business sectors.
An order of rehabilitation was issued in mid-1991, and a liquidation order was issued in 1993. The state life and health insurance guaranty associations helped arrange for several assuming insurers to assume the various blocks of business (see below).
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Policy & Claims Administration
Policies of an insolvent company are often transferred to a financially sound insurance company. If policies are not transferred to another company, the policies are continued and claims administered by either the guaranty associations or a third-party administrator (TPA) working on behalf of the associations. Please contact the company/TPA listed below or the guaranty association in your state of residence for more information about your policy.
| Type of Policy | Company | Effective Date | |||||
|---|---|---|---|---|---|---|---|
| Life |
|
July 15, 1998 | |||||
| NOTE: First assumed by MBL Life Assurance Corporation (MBLLAC). http://www.state.nj.us/dobi/finreceivership/mblife.htm AIG SunAmerica is now part of American General Life | |||||||
| Annuity |
|
July 15, 1998 | |||||
|
NOTE: First assumed by MBL Life Assurance Corporation (MBLLAC). http://www.state.nj.us/dobi/finreceivership/mblife.htm Group Annuity (Pension) Contracts: 1-888-502-0600 |
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| Group Life |
|
April 30, 1999 | |||||
| NOTE: Group flexible premium life | |||||||
| Variable annuity block |
|
July 14, 1999 | |||||
|
NOTE: Originally assumed by MBL. MBL policies were assumed by Aetna. Aetna Financial was bought by ING. |
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| COLI - Corporate Owned Life Insurance Policies |
|
November 01, 1998 | |||||
|
NOTE: 800-862-6668 (Annuities), 1-800-833-5575 (Life), 1-800-243-5433 (Trad. Life), 1-800-231-5453 (Variable Life)
Call for specific address based on product. |
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| Disability Income Policies & Group Life Policies |
|
August 20, 1999 | |||||
| NOTE: Assumption & Reinsurance | |||||||
| NOTE: http://www.state.nj.us/dobi/finreceivership/mblife.htm | |||||||
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Contact Information
Guaranty association coverage is coordinated on a state-by-state basis, with coverage usually being provided by the association in your state of residence, regardless of where you purchased your policy. Policyholders should contact their state guaranty association with any questions they have about their policies. The drop-down menu below will take you to your state association's Web site, which provides answers to frequently asked questions and contact information.
The liquidator, by court order, becomes the sole owner of the company's assets and administers the estate of the company.
If you are unsure whom to contact with your questions, please e-mail us here, and we will forward your message to the appropriate party.
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Company Details
NAIC Number: 66362
An NAIC number is a five-digit number assigned to every insurance company by the NAIC (National Association of Insurance Commissioners). Because each company has its own unique number, the NAIC number can be used to identify a particular company.
Domiciliary State: New Jersey
The domiciliary state is the state in which an insurance company is incorporated or organized.
Rehabilitation Date: July 16, 1991
Liquidation Date: November 03, 1993
Estate Closed: June 30, 1999
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Frequently Asked Questions
Insolvency FAQs
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