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Old Mutual

Old Mutual is not affiliated with, nor does it endorse or sponsor, the contents of this webpage or the TermLifeInsuranceQuotes.com website.

Old Mutual plc is a large South African financial corporation that briefly offered life insurance products in the United States. Old Mutual continues to operate in the U.S. under the name Old Mutual Asset Management, but they now only offer individual and commercial investment plans. Only limited Old Mutual life insurance information is available, as a subsidiary of Harbinger Group, Inc. is now the guarantor of all the old policies. New policies issued by Fidelity & Guaranty Life adapted the best life insurance policies of Old Mutual into their own portfolio.

About Old Mutual

British financiers founded Old Mutual in 1845 to issue life insurance in South Africa. The company converted to a stock company in 1999, and investors publicly trade shares on several international exchanges, including London, Johannesburg and Zimbabwe. The new corporation's headquarters is in London rather than South Africa.

The company operates under the name Old Mutual Asset Management in the U.S. They entered the U.S. life insurance market in the late 2000s when the company acquired Fidelity & Guaranty Life Insurance. For a short period, the company sold policies under the name Old Mutual Financial Life Insurance. However, in 2011, Old Mutual sold Mutual Financial Life Insurance to Harbinger Group, Inc. Harbinger Group, Inc. allowed the company to revert to its original identity as Fidelity & Guaranty Life Insurance.

About Harbinger Group

Harbinger Group, Inc. (HBI) is a publicly-traded U.S. holding company operating subsidiaries that offer life insurance products and annuities. They also manufacture a wide range of branded household consumer products. HBI's headquarters is in New York City, but its newest acquisition, Fidelity & Guaranty Life Insurance has a headquarters in Baltimore, Md.

One of the first orders of business was to rid their new life insurance company of their old identity, thus almost no Old Mutual life insurance information exists in the U.S. at this time. HBI decided the best life insurance policies were those originally offered by Fidelity & Guaranty Life in their original incarnation updated with ideas from their other life insurance subsidiaries.

Fidelity & Guaranty Life Insurance

Fidelity & Guarantee Life Insurance offers only two life insurance policies: FG Life-Choice and FG Life-Elite. Both are indexed universal life insurance policies. These permanent life insurance policies gain cash value in time as well as provide death benefits. FG Life-Elite allows policyholders several additional options, including taking out loans against the equity of the policy.

Fidelity & Guaranty Life Insurance has gone through many changes in recent years, but a strong U.S. holdings company that has it operating in all 50 states finally backs the company. However, current life insurance options are limited to only indexed universal policies.

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