National Life Group Board of Directors
Vermont Business Magazine National Life Group released its 2023 Annual Report, which highlights new sales records set despite market volatility, as well product innovation and expanded community support.
“We continue to grow with purpose while consistently outpacing our competition even with market volatility. At the same time, we have expanded efforts to combat childhood hunger, support youth mental health and build communities nationwide,” Chairman, CEO and President Mehran Assadi said. “We know our associates are our competitive advantage, our ‘secret sauce.’ They are essential to our mission-driven and purposeful culture, enabling us to serve Middle America.”
Among the accomplishments noted in the report:
- Set new sales records:
- $530 million in life insurance policies
- $2.7 billion in Single Premium Deferred Annuities
- $220 million in flow annuity business
- $47 billion in assets under management
- $471 million in core earnings
- Pioneered the introduction of two innovative living benefits riders: a new Accelerated Benefits Alzheimer’s Disease rider and a first of its kind Fertility Journey rider
- $1.73 million raised for Vermont flood relief through Do Good Fest
All of the details of the year can be found in the electronic version of the report, also summarized in this year’s Business Highlights.
About National Life Group
National Life is here to bring you peace of mind. We’ve been keeping our promises since 1848. Believe in tomorrow. Do good today. Learn more at NationalLife.com
Source: 4.15.2024. Montpelier, Vermont (April 15, 2024) – National Life Group
One National Life Drive, Montpelier, Vermont 05604 NationalLife.com
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