Re: sponsored demutualization -- request for opinions -- Insurance Forum

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Date Posted: Sat, July 20 2002, 21:09:11
Author: Jim Corr
Subject: Re: sponsored demutualization -- request for opinions
In reply to: Rich Franzen 's message, "sponsored demutualization -- request for opinions" on Thu, July 04 2002, 12:56:09

>In the last few days I have done some research into
>the topic of sponsored demutualization of life
>insurance companies. Studying the ongoing transition
>at Provident
>Mutual led me to add an entry to the Glosspinion.
>
>I would very much like to know what those in the
>industry think about both my entry for rel=nofollow target=_blank >href="http://home.cfl.rr.com/rickyworld/vp/glosspinion.
>html#s_d">sponsored demutualization and the
>subject in general.
>
>While the Glosspinion openly has a degree of opinion
>in its entries, I do not wish to be totally unfair.
>Since I cannot find any information about the
>sponsored demutualization of Equitable by AXA in the
>early nineties, I am particularly worried that there
>may be mitigating factors I don't know anything about.
>
>If you wish to answer privately, that is fine. I am
>using a real e-mail address, so you can just click my
>name at the left. On the other hand, if you feel it
>necessary to berate me publicly, I can take it. :)
>
>Thank you very much.
>
>-- Rich

I am in favor of keeping a company a mutual. I like the idea of a company having only one master, the policy holder. If a company has policy holders and share holders who does the profits benefit? The share holders because they expect a profit (rightfully so) or the policy holders who could benefit from lower premiums or higher cash values? It is my understanding that it is almost impossible to start a mutual company these days. It's just to expensive. Just my opinion.

Jim Corr

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Replies:

Re: sponsored demutualization -- request for opinions -- Rich Franzen, Sun, July 21 2002, 20:28:32
- Re: sponsored demutualization -- request for opinions -- Brent D. Gardner, ChFC, Mon, July 22 2002, 19:12:10
  - Nationwide Insurance -- Rich Franzen, Tue, July 23 2002, 9:25:09
    - American Home Life - A mutual company since 1909 -- Brent D. Gardner, ChFC, Tue, July 23 2002, 18:07:40