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Old Mutual
About the Company
Old Mutual is a South Africa based financial company that has been in business for more than 150 years. In 1999, they became a publicly listed company. The company currently operates in South Africa, The United States and Europe.
The focus of Old Mutual's Life Insurance division is this: "attaining growth and profitability through the orderly expansion of our traditional middle markets. We will continue to develop and strengthen our competitive advantages in product, development, back office outsourcing, and distributor relationships."
Old Mutual entered the U.S. Life insurance market when they acquired Fidelity & Guaranty Life, among other insurance companies in 2001. This portion of Old Mutual's business is headquartered in Baltimore and has offices in Atlanta, Georgia. They offer a variety of life insurance and annuities products.
Old Mutual also offers asset management services for their U.S. customers.
Term Life Insurance Products
Old Mutual's term life insurance products offer the following features and benefits:
- The death benefit is paid if the policy holder passes on while the policy is in effect.If the policy expires before the policyholder passes on, no benefit is paid.
- Your death benefit may be income tax free.
- It is a great compliment to your permanent policy in times when your financial contributions to your family are vital.
- Many term policies allow you to extend your coverage for an additional term without taking another medical exam.
- Some policies allow you to convert your term policy to a permanent policy.
- Because your premium payments are not invested to produce returns, term policies are much less expensive than permanent policies.
Old Mutual Financial Ratings
A.M. Best: A (Excellent)
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