History
Independent. Fortitude. Resilience. Attributes that may not immediately come to mind when you think of an insurance company, yet are defining characteristics of ManhattanLife. Founded in 1850, the Company’s longevity makes it one of the oldest and most reliable health and life insurance companies in the country. In its early years, the Company persevered despite exposure to significant market risk including plagues, wars and global economic crisis. During this volatile era, ManhattanLife added an Incontestability Clause to its policies, ensuring accountability to policyholders. The first American insurance company to do so, it was an early sign of ManhattanLife’s signature independence and reliability. Throughout its first century, the Company continued to lead the industry as an innovator, creating many new types of policies to meet market need. Our current leadership took ownership in 2000. The original founders’ commitment to protect policyholders prevails to this day. This was evidenced in 2014 when ManhattanLife was the only insurance company to challenge the U.S. Department of Health & Human Services — and win — to ensure that access to fixed indemnity health insurance would continue. The Company’s longevity as staying independent in the marketplace is remarkable considering the robust merger and acquisition activity the industry has experienced in modern times. To put its staying power in context, the current average age of S&P Index companies is less than 20 years old. By contrast, operating successfully for over 170 years as an independent is a testimony to ManhattanLife’s enduring history and an indicator of the reliability of our future.
The endurance of our history is an indicator of the reliability of our future.
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