At a recent company celebration, Charles F. McAleer III, CLU, ChFC, LLIF, RHU, CRPS, APM, Mutual Trust Financial Group’s senior vice president, sales and marketing, noted MTL Insurance Company (MTL) attained the $10 billion mark in life insurance in force. MTL, a member of the Mutual Trust Financial Group and headquartered in Oak Brook, Ill., has shown continual growth throughout its 104-year history. Over the past five years, MTL has experienced a 23% increase in whole life premium and 21% in net annualized commissions. It took MTL 64 years to reach its first $1 billion of insurance in force. Then, 30 years later, it hit the $5 billion mark. Since 2004, MTL has written more than $5 billion of insurance, including $1 billion of insurance each year since 2006.
Consumer groups cheered the passage of the Forced Arbitration Injustice Repeal Act.
The commission should “consider whether minor adjustments or more significant changes are appropriate" for the Order Protection Rule, he said at a SIFMA event.
About 60% of eligible retirees in Chile now buy private annuities.
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