Monumental Life Insurance Company · Cedar Rapids, IA United States
Company Description
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This link will open in a new window Even ordinary life insurance sounds more impressive when it's monumental life. Monumental Life Insurance offers life insurance, annuities, disability and disease insurance, final expense coverage, and other products. A subsidiary of Dutch insurance giant AEGON , Monumental Life Insurance targets lower- and middle-income markets. The company markets its products through general career agents and independent marketing groups. It also markets its final expense and funeral costs coverage through funeral directors. Many of its general agents are former military personnel who sell life insurance to service members. To read the full description, subscribe now.
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Key Monumental Life Insurance Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $3,860.5 |
| Employees | 4,000 |
Monumental Life Insurance Company Executives
10 executives listed for Monumental Life Insurance Company's Cedar Rapids, IA location.
| Title | Name & Bio | Contact |
| President and CEO | Henry Hagan | Network |
| SVP and COO | Ralph Arnold | Network |
| VP and CIO | Carol Davies | Network |
Competition
Competitive Landscape for Monumental Life Insurance Company
Demand for health insurance products is driven by the rising costs of medical care. The profitability of individual companies depends on efficient operations and the ability to negotiate favorable contracts with healthcare providers. Large companies and organizations have advantages in negotiating contracts with healthcare providers. Small companies can compete successfully by providing special coverage plans as part of government programs such as Medicaid, or for specialized populations. The industry is highly automated and capital-intensive: annual revenue per employee is close to $1 million. Reforming the US healthcare industry continues to be a top agenda item in Washington, but a consensus on the best way to reduce healthcare spending has yet to be reached. The managed healthcare industry will most certainly be impacted by any changes initiated by federal legislators. To read the full description, subscribe now.Top Monumental Life Insurance Company Competitors
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