The New York investment firm that helped Federal Life Group Inc. raised capital is now helping National Guardian Life Insurance Company start a dental and vision benefits business.
Insurance Capital Group LLC is backing National Guardian Life’s new BrightBenefits division.
Insurance Capital Group helped Riverwoods, Illinois-based Federal Life demutualize and shift to a stock company charter in 2018.
National Guardian Life is a Madison, Wisconsin-based company that may be best known for its preneed insurance products and its EssentialLTC long-term care insurance policy.
The company will use its Commercial Travelers Insurance Company subsidiary to write the dental and vision policies.