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28
Types of Life Insurance
Carriers Jon S. Hanson

Chapter Outline
COMMERCIAL LIFE INSURANCE COMPANIES
Stock Life Insurance Companies
Mutual Life Insurance Companies
Conversion: Mutualization/Demutualization
Other Nongovernmental Providers
Fraternal Benefit Societies
Assessment Associations
Savings Banks
GOVERNMENT-PROVIDED LIFE INSURANCE
Department of Veterans Affairs
Social Security Administration
State of Wisconsin
INTERNAL ORGANIZATION OF LIFE INSURANCE COMPANIES
Organizational Structure
Bases of Organization
Functional Areas of a Life Insurance Company
AFFILIATIONS
Acquisitions: Friendly and Hostile Takeovers
Mergers
Holding Companies
Alliances
Regulation

In light of the different demands and circumstances in a vigorous and free society, it is only natural that various types of organizations have emerged as providers of life insurance. These organizations may be categorized into three broad groups:

 
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