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Beneficial Life Insurance (doing business as Beneficial Financial Group) provides a variety of insurance and financial products and services, primarily to customers in the western US. Offerings include universal and whole life, disability insurance, employee benefits, and annuities. Its financial division, Beneficial Investment Services, offers brokerage and investment advisory services. Beneficial Financial is owned by Mormon Church-affiliated Deseret Management Corporation; fittingly, it contributes 10% of its pretax earnings to charitable causes. The company was founded in 1905. However, the company has announced that it will quit selling insurance and annuities and operate its existing business in run-off.
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Address: |
36 S. State St.
Salt Lake City, UT 84136
| | Phone: | 801-933-1100 | | Fax: | 801-521-0903 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 601.10 M | | Employees (2008): | 273 |
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Key People
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President and CEO:
Kent H. Cannon
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VP Finance:
Robert R. Dalley
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VP and CIO:
Steve Terry
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