National Life Group

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National Life Group
Mutual company
Industry Financial Services
Founded Montpelier, Vermont, USA (1848)[1]
Founder Julius Yemans Dewey
Headquarters Montpelier, Vermont, USA
Key people
Mehran Assadi,[2] President and CEO
Website nationallife.com

National Life Group is a diversified group of financial services companies. National Life is mutually organized and remains independent. The company does business across the country. [3]

History[edit]

National Life Group is a diversified group of financial services companies that offer life insurance, annuities, mutual funds and estate, business succession and retirement planning strategies.[4]

The National Life Insurance Company was chartered on November 13, 1848, “upon the principle of mutual participation in the funds or profits” of the company. The company officially issued its first policy on February 1, 1850. Its name was intended to signal that its organizers were from many different states and believed company’s life insurance policies would be sold throughout the nation.

Dr. Julius Yemans Dewey, a physician in Montpelier, Vermont, was among the company's founders. He would later serve as general agent and then president of the company and delivered the payment of the company's very first claim on July 26, 1850.

Today, National Life Group includes National Life Insurance Co., Life Insurance Company of the Southwest, in Dallas, Texas, Sentinel Investments and Equity Services, Inc. and has more than $30 billion in assets under management.[5]

The National Life Group companies employ nearly 1,000 people, with most located at its home offices in Montpelier and Dallas.

Mehran Assadi is the president and chief executive officer of National Life Group, a position he has held since 2009. He has been a member of the company’s board since 2009. He joined National Life Group in September 2003 as interim Chief Information Officer. In May 2004 he was appointed interim Chief Operating Officer and in April 2005 he accepted the position of President – Life and Annuity.[6]

Leadership[edit]

Executive Management:
President & CEO Mehran Assadi; Executive Vice President Thomas H. Brownell, who is also CEO of Sentinel Investments; Executive Vice President and Chief Financial Officer Bob Cotton; Senior Vice President & Chief People Officer Sean N. Woodroffe; Senior Vice President & General Counsel Greg Woodworth; Senior Vice President Achim Schwetlick Chief Information Officer Tom Anfuso; Vice President of Corporate Communications & Community Relations Christopher Graff.[7]

Board of Directors:
President & CEO Mehran Assadi, Chairman Thomas H. Macleay, David R. Coates, former Vermont governor James H. Douglas, Bruce Lisman, V. Louise McCarren, Dr. Roger B. Porter, Harris H.Simmons, Carol A Carlson.[8]

References[edit]