Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

MTL Insurance Company Surpasses $10 Billion of Insurance In-Force

Your article was successfully shared with the contacts you provided.

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.