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UPDATED: Mar 4, 2021
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Company History: Madison National Life Insurance Company was founded in 1961. Since then it has expanded to offer insurance in 49 states, Washington D.C, Guam, American Samoa, and the Virgin Islands. The company is also has a license to reinsure in New York and has over $11.3 billion of life insurance in force. Still, the company has remained relatively small in size with fewer than 100 employees.
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Principle Sales Methods: General agents, third party administrators, credit unions and U.S. Government entities.
Life Annuity Business: Madison National sells Group Term Life, Long-term Disability and Major Medical insurance, plus Credit Life plans. Direct premium from all life insurance is $21.4 million.
Health Business: Madison National sells Major Medical, Disability, and Military and Civilian Government Employee Health plans. Direct premium from group disability is $48.8 million. Total Net Premiums earned for accident and health insurance is $107.422 million.
Special Business: Madison National sells Military and Civilian Government Employee Life, Health and Annuity plans. test