American General
American General Corp. announced on Monday an agreement to pay $665 million, or $39 a share, for Home Beneficial Corp., in the latest sign of life-insurance industry consolidation.

Is Home Beneficial life insurance company still in business?

The company was sold in 1997 to American General Life and Accident Company, according to the Mary Morton Parsons Foundation, a charity founded by Morton’s daughter. Home Beneficial Life Insurance is no longer in business, according to the Better Business Bureau.

Will life insurance companies notify beneficiaries?

When the owner of a life insurance policy dies, their beneficiaries are paid a death benefit by the insurance company. However, insurance companies aren’t always notified when a policyholder has died, and in many cases, the beneficiary will know about the insured’s death before the life insurance company does.

How do I claim life insurance proceeds?

Beneficiaries file a death claim with the insurance company by submitting a certified copy of the death certificate. Many states allow insurers 30 days to review the claim, after which they can pay it out, deny it, or ask for additional information. If a company denies your claim, it generally provides a reason why.

Where is home beneficial life insurance company located?

About HOME BENEFICIAL LIFE INSURANCE COMPANY. HOME BENEFICIAL LIFE INSURANCE COMPANY in Richmond is a company that specializes in Life Insurance. Our records show it was established in Virginia. 3901 W BROAD ST Richmond, Virginia, 23230.

Is there a life insurance company in Richmond VA?

HOME BENEFICIAL LIFE INSURANCE COMPANY in Richmond is a company that specializes in Life Insurance. Our records show it was established in Virginia. Call Now! If you own this company and would like to delete this listing, click here. Add Your Business Now for Free!

When did home beneficial life insurance go out of business?

How to contact American general life insurance company?

There are several ways to get in touch with the company: You can speak to an AGLA representative by calling their Customer Service at (804) 285-9074. You can also send a fax to American General Life and Accident Insurance at (804) 285-9080. Whenever contacting the company, make sure to provide your existing policy or contract number if possible.