About Liberty National Life Insurance Company

Liberty National Life Insurance Company is a subsidiary of Torchmark Corporation, an S&P 500 company traded on the New York Stock Exchange (NYSE) under the symbol TMK. According to the NYSE, Torchmark's major industry is life insurance and its common stock was first listed on the exchange on December 31, 1980. Torchmark specializes in not only life insurance, but also supplemental health insurance targeted toward middle-income consumers.

Beginnings

Liberty National Life Insurance Company traces its roots to a fraternal organization formed in 1900. Historically, fraternal organizations in the United States are voluntary nonprofit groups organized for the mutual support of their members. In 1929, the organization took its present name when the company incorporated and offered stock shares.

Growth

In 1944, Liberty National acquired Brown-Service, a successful Alabama insurance company. Over the years, the corporation grew through additional acquisitions and in the 1980s took the name Torchmark Corporation for the holding company, with Liberty National Life Insurance Company designated as a major subsidiary.

Geography

Both Torchmark Corporation and Liberty National Life Insurance Company maintain home offices in McKinney, Texas. Torchmark's other major subsidiaries include the insurance companies American Income based in Waco, Texas; First United American of Syracuse, New York; Globe Life and Accident Insurance Company, Oklahoma City, Oklahoma; United Investors Life Insurance Company, based in Birmingham, Alabama; and United American also with home offices in McKinney, Texas.

License

Records at the Texas Department of Insurance list the date of incorporation or organization for Liberty National as July 1, 1929. The company was licensed and registered to conduct business operations in the state of Texas on August 17, 1962. Liberty National holds licensed authorization to write insurance policies in the areas of accident, health, and life. At the end of 2009, Liberty National held more than $5 billion in assets.

Regional Evaluation

As of November 15, 2010, the Texas Department of Insurance has processed no justified complaints against Liberty National in the prior three-year period, the extent of easily accessible records. The insurance department of Texas defines a justified complaint as a violation of statutes, regulations, or a provision of a contract or policy.

National Evaluation

Agencies that rate insurance companies based on their financial strength give Liberty National Life Insurance Company high marks. For example, one of the best known insurance rating organizations, A.M. Best, gives Liberty National an A+ rating. In addition, the Better Business Bureau gives the company an A+ rating and writes in its report on Liberty that the company has been a BBB Accredited Business since 1955.

References

• Best's Credit Rating Center: Company Information for Liberty National Life Insurance Company
• Better Business Bureau: Review of Liberty National Insurance Company
• Liberty National Life Insurance Company: History
• New York Stock Exchange: Listings Torchmark Corporation
• Texas Department of Insurance: Liberty National Life Insurance Company
• Torchmark Corporation