Mutual Security Life Insurance Company | IN
Company Overview
Mutual Security Life Insurance Company, an insurer domiciled in Indiana, was licensed to operate in the District of Columbia and in all states except Hawaii, New York, Rhode Island, and Vermont. The company offered life insurance, individual and group annuity contracts, personal accident and hospital and medical expense coverages, and a universal life product.
Mutual Security was placed in rehabilitation in October 1990, with an order of liquidation issued a year later. By 1994, the state life and health insurance guaranty associations helped arrange for all of the company’s business to be assumed by a number of assuming insurers.
If you have any questions, please contact your state life and health insurance guaranty association.
Policy & Claims Administration
Policies of an insolvent company are often transferred to a financially sound insurance company. If policies are not transferred to another company, the policies are continued and claims administered by either the guaranty associations or a third-party administrator (TPA) working on behalf of the associations. Please contact the company/TPA listed below or the guaranty association in your state of residence for more information about your policy.
| Type of Policy | Company |
Effective Date |
|---|---|---|
| Annuity |
The MEGA Life and Health Insurance Company |
Feb 08, 1993 |
| A & H |
Central Security Life Insurance Company |
Jun 10, 1993 |
| Supplemental annuities |
Talcott Resolution Life Insurance Company |
Nov 30, 1994 |
| Traditional and term life insurance |
American United Life Insurance Company |
Sep 24, 1992 |
| Cancer |
Central Security Life Insurance Company |
Jun 10, 1993 |
| Int. sensitive life |
The MEGA Life and Health Insurance Company |
Nov 05, 1993 |
| Capitol life policies |
IdeaLife Insurance Company |
Mar 31, 1992 |
Contact Information
Guaranty association coverage is coordinated on a state-by-state basis, with coverage usually being provided by the association in your state of residence, regardless of where you purchased your policy. Policyholders should contact their state guaranty association with any questions they have about their policies. The button below will take you to a page where you can search for your state association's Web site, which provides answers to frequently asked questions and contact information.
The liquidator, by court order, becomes the sole owner of the company's assets and administers the estate of the company. If you are unsure whom to contact with your questions, please e-mail us here, and we will forward your message to the appropriate party.
Company Details
NAIC Number: 66400
An NAIC number is a five-digit number assigned to every insurance company by the NAIC (National Association of Insurance Commissioners). Because each company has its own unique number, the NAIC number can be used to identify a particular company.
Domiciliary State: Indiana
The domiciliary state is the state in which an insurance company is incorporated or organized.
Rehabilitation Date: October 05, 1990
Liquidation Date: December 06, 1991
Estate Closed: July 29, 2005