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).
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|
American General Life Insurance Company
P.O. Box 19074
|July 15, 1998|
AIG SunAmerica Life Assurance Company
P.O. Box 9006
|July 15, 1998|
Integrity Life Insurance Company
P.O. Box 5720
Cincinnati, OH. 45201-5720
|April 30, 1999|
|Variable annuity block||
ING Life Insurance and Annuity Company
909 Locust St.
Des Moines, IA. 50309-2899
|July 14, 1999|
|COLI - Corporate Owned Life Insurance Policies||
Talcott Resolution Life and Annuity Insurance Company
1 Griffin Road North
Windsor, CT. 06095
|November 01, 1998|
|Disability Income Policies & Group Life Policies||
Swiss Re Life & Health America, Inc.
P.O. Box 749001
Dallas, TX. 75374-9001
|August 20, 1999|
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.
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