National Life Insurance Company
National Life Insurance Company
1 National Life Drive
Montpelier, VT 05604-0001
Established in Montpelier, Vermont in 1848, the National Life Insurance Company is one of the leading innovators of life insurance in the United States. The company has pioneered various developments that are currently standard features of policies provided by several insurance providers. Aside from making progressive improvements in underwriting and service practices, National Life has made available a range of new types of coverage.
National Life offers a wide ranging portfolio of life insurance, annuity and investment products accessible to all 50 states and the District of Columbia. Its products and services aims to assist private individuals, families and businesses in pursuing their financial goals. The company belongs to National Life Group, a diversified group of financial service providers that has effectively built a sturdy name as a product innovator providing personalized service. National Life Group serves more than 870,000 customers with roughly 900 employees from its home office in Montpelier, Vermont and other offices in Dallas, New York, San Francisco, and Philadelphia.
Commitment is the principal and unwavering responsibility of National Life. Its joint commitment to profitable growth and financial strength guarantees its delivery of excellent service to its customers. The company’s commitment to its employees assures that they are highly-trained and well-benefited for they are its greatest assets.
National Life also is committed to the environment by implementing a large-scale, multi-faceted project to turn its Montpelier headquarters into a green campus that currently includes the largest solar electricity project in Vermont. Furthermore, National Life is committed to its community by donating to more than 100 non-profit organizations and carrying out community outreach through sponsorship requests, printing requests, donated meeting space, tangible in-kind items such as office equipment, computers, furniture, and others. The company also provides volunteer efforts of its 800+ employees. National Life has a new policy of up to 40 hours per employee per year of volunteer time at a qualified non-profit to be paid as work hours. The company also provides program and operating grants to support eligible organizations as well as funds matching of up to $500 per year per employee for higher education.
National Life’s executive management is headed by Mehran Assadi as president and chief executive officer. Michele Gatto is the executive vice president, chief people officer, and chief legal officer, while Wade Mayo serves as the executive vice president for retirement division. Christian Thwaites serves as the president and chief executive officer of Sentinel Investments; Vincent Vitiello as the executive vice president and chief marketing officer; Thomas Brownell as the senior vice president and chief investment officer; Rich Pedersen as the senior vice president and chief information officer; Ruth Smith as the senior vice president for protection division; Gregory Woodworth as the senior vice president for general counsel; and Christopher Graff as the vice president for communications and government relations.
The company’s board of directors is headed by Thomas MacLeay as chairman and David Coates as the lead independent director. Mehran Assadi, Deborah Ellinger, Bruce Lisman, Louise McCarren, Roger Porter, Miles Prentice, and Harris Simmons complete the nine-member board.
National Life possesses strong financial strength and stability as proven by financial strength ratings by A.M. Best (A as excellent), Moody’s (A2 as good), and Standard and Poor’s (A as strong). The group also has revenue of $1.6 billion and net income of $72.3 million as of 2009.