Established in 2019, BrightBenefits, a national dental and vision insurance business, is a strategic partnership between National Guardian Life Insurance Company (NGL) and Insurance Capital Group (ICG). NGL and ICG, through its Federal Life Group, Inc. affiliate, have jointly developed and launched BrightBenefits. Policies will be issued by NGL, with a plan to move to issuance by Commercial Travelers Insurance Company, by 2021. Commercial Travelers is an AM Best A- (Excellent) rated* affiliate of NGL, in which Federal Life will make a significant equity investment, subject to receiving regulatory approval.
About Danny Bentley, President of BrightBenefits
Danny Bentley, President of BrightBenefits, is a leader in fostering innovation, driving organizational change and strategic planning. Prior to leading BrightBenefits, he served as President of Davis Vision, the nation's third largest insurer with approximately 22 million members.
Bentley began his career at Protective Life where he created and pioneered the voluntary, ancillary benefits products industry by introducing the nation's first voluntary dental product. He later joined A.G. Edwards Investment Banking, serving as a Managing Director and Head of the firm's Insurance Practice before rejoining the insurance industry.
“Our goal for BrightBenefits is to be a trusted partner and leading provider of employee benefits products and services that help employers and their employees protect their families,” said Bentley.
About National Guardian Life Insurance Company
Established in 1909, National Guardian Life Insurance Company (NGL) is an insurance company headquartered in Madison, WI. Licensed to do business in 49 states and the District of Columbia, NGL markets preneed and individual life and annuities, as well as group market products. NGL is rated A- (Excellent) by AM Best*. Commercial Travelers Life Insurance Company (CT) became a wholly owned, stock subsidiary of NGL in 2017 and has been providing insurance coverage since 1883.
For more information, visit National Guardian Life.
About Insurance Capital Group
Insurance Capital Group is a holding company which acquires and makes investments in insurance businesses across targeted sectors with a focus on sponsored demutualizations and other complex conversion transactions. Their objective is to create long term shareholder value as measured by growth in tangible book value through the ownership and oversight of their partner companies.
For more information, visit Insurance Capital Group.
About Federal Life Group, Inc.
Federal Life Group, Inc. (OTCMKTS: FLFG) is the parent of Federal Life Insurance Company (“FLIC”), an independently operated provider of quality life insurance and annuity products, incorporated in 1899. FLIC is headquartered in Riverwoods, Illinois, a suburb approximately thirty miles north of Chicago. FLIC is proud of its longstanding tradition of financial strength and stability and serves over 28,000 policyholders.
For more information, visit Federal Life Group, Inc.
*Ratings current as of February 28, 2020