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

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.