Monumental Life
Monumental Life is not affiliated with, nor does it endorse or sponsor, the contents of this webpage or the TermLifeInsuranceQuotes.com website.
Monumental Life Insurance Company is a major U.S. insurance company owned by AEGON, a Dutch corporation that is one of the world's largest life insurance providers. Monumental Life insurance policies include term life, whole life and accident insurance. Term life insurance policies are among the company's best-selling products because they are affordable and meet the needs of a majority of U.S. families.
About Monumental Life
Monumental Life has been committed to customers and the communities in which they live since 1858 when it became the first life insurance company in Maryland. The original name of the company was the Maryland Mutual Life and Fire Insurance Company of Baltimore. After ceasing operations during the Civil War, the company reemerged as the Mutual Life Insurance Company of Baltimore.
Mutual Life opened its first branch office in 1914 and several more followed by the end of the decade. In 1928, the company had $11 million in assets when it converted from a mutual company to a stock life insurance company. After surviving the Great Depression, the board changed the company name to Monumental Life.
One-hundred years after the company's founding, Monumental Life had $1 billion in life insurance policies in effect, and the value of policies doubled to $2 billion only nine years later. In 1986, AEGON acquired Monumental Life, and the New York Stock Exchange began listing AEGON USA in 1991.
In recent decades, Monumental Life has remained prominent and stable. The company pays over $1 million per day in claims and had $88 billion in life insurance policies in force at the end of 2010. The company headquarters is now in Cedar Rapids, Iowa, with an administrative office still located in Baltimore. Monumental Life operates throughout the U.S., excluding New York State and Washington, DC.
For the fiscal year 2010, Monumental Life posted total assets of $32.851 billion and total capital and surplus of $1.326 billion. A.M. Best rates Monumental Life at A+, and S&P rates them at AA-.
Monumental Life Insurance Policies
Monumental Life sells whole life insurance policies, but by far, term life insurance policies are their best-sellers. Term life insurance has no cash value and is in effect for only a limited number of years, but it is much more affordable than whole life insurance. Monumental Life offers term life insurance policies for 1 year, 5 years, 7 years, 10 years, 20 years and 30 years. In addition, Monumental Life offers several renewability features and an option to convert term life into a whole life policy in the future.
A worldwide leader in life insurance, AEGON, backs Monumental Life Insurance. The company offers several policy options for term and whole life insurance.
Free Insurance Quotes
Monumental Life is not affiliated with, nor does it endorse or sponsor, the contents of this webpage or the TermLifeInsuranceQuotes.com website.
Monumental Life Insurance Company is a major U.S. insurance company owned by AEGON, a Dutch corporation that is one of the world's largest life insurance providers. Monumental Life insurance policies include term life, whole life and accident insurance. Term life insurance policies are among the company's best-selling products because they are affordable and meet the needs of a majority of U.S. families.
About Monumental Life
Monumental Life has been committed to customers and the communities in which they live since 1858 when it became the first life insurance company in Maryland. The original name of the company was the Maryland Mutual Life and Fire Insurance Company of Baltimore. After ceasing operations during the Civil War, the company reemerged as the Mutual Life Insurance Company of Baltimore.
Mutual Life opened its first branch office in 1914 and several more followed by the end of the decade. In 1928, the company had $11 million in assets when it converted from a mutual company to a stock life insurance company. After surviving the Great Depression, the board changed the company name to Monumental Life.
One-hundred years after the company's founding, Monumental Life had $1 billion in life insurance policies in effect, and the value of policies doubled to $2 billion only nine years later. In 1986, AEGON acquired Monumental Life, and the New York Stock Exchange began listing AEGON USA in 1991.
In recent decades, Monumental Life has remained prominent and stable. The company pays over $1 million per day in claims and had $88 billion in life insurance policies in force at the end of 2010. The company headquarters is now in Cedar Rapids, Iowa, with an administrative office still located in Baltimore. Monumental Life operates throughout the U.S., excluding New York State and Washington, DC.
For the fiscal year 2010, Monumental Life posted total assets of $32.851 billion and total capital and surplus of $1.326 billion. A.M. Best rates Monumental Life at A+, and S&P rates them at AA-.
Monumental Life Insurance Policies
Monumental Life sells whole life insurance policies, but by far, term life insurance policies are their best-sellers. Term life insurance has no cash value and is in effect for only a limited number of years, but it is much more affordable than whole life insurance. Monumental Life offers term life insurance policies for 1 year, 5 years, 7 years, 10 years, 20 years and 30 years. In addition, Monumental Life offers several renewability features and an option to convert term life into a whole life policy in the future.
A worldwide leader in life insurance, AEGON, backs Monumental Life Insurance. The company offers several policy options for term and whole life insurance.
