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National Guardian Life

National Guardian Life Insurance Company
Mutual life insurance company
Industry Insurance
Founded 1910 (1910)
Headquarters Madison, Wisconsin, United States
Key people
Mark Solverud (President/CEO)
Products Pre-need, Final Expense Insurance, Student Insurance
Revenue $1.141 billion USD (2015)
Decrease $(12.2) million USD (2015)
Website

National Guardian Life Insurance Company (NGL) is an American insurance company located in Madison, Wisconsin. It was formed in 1910 and is an independent mutual life insurance company and is licensed to do business in 49 states and the District of Columbia.

In 2011 NGL received an A- (Excellent) rating from A.M. Best. NGL provides pre-need (funeral) insurance, final expense life insurance and group market benefits such as vision and dental products.

National Guardian Life Insurance Company (NGL) was founded in 1909 under the name The Wisconsin State Life Insurance Company as a stock company in Madison, Wisconsin. In August 1910 the company changed their name to Guardian Life Insurance Company and a month later the first life insurance policy - policy #1 with a face amount of $5,000 - was sold.

In January 1920, "National" added to name in response to Germania Life Insurance Company becoming "The Guardian Life Insurance Company of America" in 1918.

In 1936, NGL became a mutual company based on a decision by the Board of Directors and several years later, in 1948, the company reached their first $100 million of insurance force. In mid-1995, NGL entered into an alliance with Indianapolis Life Insurance Company in order to market individual term life insurance products and organized "NGL Securities Services LLC" as a subsidiary of NGL Financial Services, Inc.

In late 1998, NGL organized Kentucky Home Life Insurance Company as a subsidiary for sales in the Commonwealth of Kentucky. Later that year, NGL merged with Kentucky Home Mutual Life Insurance Company and acquired 19,000 policies and its subsidiaries: Kentucky Home Capital Corporation, Kentucky Home Trust Company, and Southeastern Financial Services, Inc.

In early 1999, NGL purchased Allnation Life Insurance Company from Blue Cross/Blue Shield of Delaware and acquired approximately 3,900 policies. Later that year, NGL also acquired a small block of traditional life policies from United Wisconsin Life, and affiliate of Blue Cross/Blue Shield of Wisconsin. At the end of 1999, NGL purchased Settlers Life Insurance Company of Bristol, Virginia adding more than 350,000 policies and certificates.

Both Allnation and Kentucky Home Capital Corporation merged with NGL in early 2000, bringing NGL's ordinary insurance in force to exceed $4 billion. However, that year NGL also exited the Securities market and sold NGL Securities Services LLC to World Securities, Inc.

In the year of 2001, NGL went on to purchase Milwaukee Life Insurance Company from Clarica Life Insurance Company - U.S. and eventually merged with the company by late 2001. NGL also organized Pre-need Reinsurance Company of America (Pre-need Re) as a subsidiary for reinsurance of pre-need insurance written by select independent marketing organizations. NGL also exited the Trust and Investment Management market, ceasing operations of NGL Investment Management Services, Inc., and Kentucky Home Trust Company. The end of the year, NGl terminated their alliance with Indianapolis Life Insurance Company and discontinued selling National Guardian Life TermGuard policies.


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