Jane Dotson
Texas Life Insurance Company, headquartered in Waco, offers life, accident, and health insurance. It is the oldest life insurance company domiciled in Texas, founded in 1901. Texas Life's primary focus is on providing financial security to employers for their employees with permanent life insurance that is easy to buy and administer. The company also offers a permanent Universal life insurance program, which is backed by the financial strength and stability of Texas Life Insurance Co.
| Characteristics | Values |
|---|---|
| Headquarters | Waco |
| Year founded | 1901 |
| Founder | William D. Mayfield |
| President until 1915 | William D. Mayfield |
| Other founder | John D. Mayfield |
| Type of insurance | Life, accident, health |
| Focus | Financial security for employers and employees |
| Type of life insurance | Permanent Universal life insurance |
| How to pay | Payroll deduction |
| How long does the insurance last? | A lifetime |
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What You'll Learn
Texas Life Insurance Company history
Texas Life Insurance Company, headquartered in Waco, was founded in 1901 by South Carolina native William D. Mayfield and his son, John D. Mayfield. It was the first old line legal reserve life insurance company, with reserves established by Texas law, to be organised in the state. It is also one of the oldest companies of its kind west of the Mississippi.
The company experienced rapid early growth, which slowed during the Great Depression and World War II, resuming in the mid-1940s. John D. Mayfield attended the University of the South and the University of Texas, and co-founded the National City Bank of Waco with his father in 1886. He served as a Waco Chamber of Commerce and Baylor Stadium Corporation director. William D. Mayfield was a director of the Waco Chamber of Commerce and United Fund. Control of the company remained in the Mayfield family until 1987, when the Metropolitan Life Insurance Company acquired the firm for $60 million.
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Texas Life Insurance Company location
Texas Life Insurance Company is headquartered in Waco, Texas. It was founded in 1901 by South Carolina native William D. Mayfield, who served as president until 1915, and his son, John D. Mayfield. Texas Life is the oldest life insurance company domiciled in Texas and the first old line legal reserve life insurance company, with reserves established by Texas law, to be organised in the state. It is one of the oldest companies of its kind west of the Mississippi.
The company experienced rapid early growth, which slowed during the Great Depression and remained slow until World War II. Growth resumed in the mid-1940s. Texas Life's primary focus is on providing financial security to employers for their employees with permanent life insurance that is easy to buy and administer. The permanent Universal life insurance program is backed by the financial strength and stability of Texas Life Insurance Co.
Texas Life is admitted in the District of Columbia and all states except New York. The company provides life insurance that employees and their families can keep for their lifetimes. It is easy to buy, pay for and keep through the convenience of payroll deduction. Life insurance provides a security blanket of cash for survivors at the death of a breadwinner.
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Texas Life Insurance Company's permanent life insurance
Texas Life Insurance Company, headquartered in Waco, offers permanent life insurance that is easy to buy and administer. The company was founded in Waco in 1901 and is the oldest life insurance company domiciled in Texas. It was the first old line legal reserve life insurance company, with reserves established by Texas law, to be organised in the state.
Texas Life's primary focus is on providing financial security to employers for their employees. The permanent Universal life insurance program is backed by the financial strength and stability of Texas Life Insurance Co. The company also offers accident and health insurance.
The permanent life insurance plan is easy to purchase, pay for, and keep through the convenience of payroll deduction. Coverage is affordable and dependable. The policy remains in force until the policyholder dies or reaches the age of 121, as long as the premium is paid on time.
Texas Life has over a century of experience protecting families and giving peace of mind. Life insurance provides a security blanket of cash for survivors at the death of a breadwinner.
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Texas Life Insurance Company's payroll deduction
Texas Life Insurance Company, headquartered in Waco, offers life, accident, and health insurance. The company was founded in Waco in 1901 and is the oldest life insurance company domiciled in Texas. It is also the first old line legal reserve life insurance company, with reserves established by Texas law, to be organised in the state.
Texas Life's primary focus is on providing financial security to employers for their employees with permanent life insurance that is easy to buy and administer. This permanent Universal life insurance program is backed by the financial strength and stability of Texas Life Insurance Co.
The peace of mind that permanent life insurance provides is unmatched. It is a solid companion to your group life insurance plan. Texas Life provides life insurance that you can keep for a lifetime. The plan is easy to purchase, pay for, and keep through the convenience of payroll deduction. Coverage is affordable and dependable. Plus, Texas Life has over a century of experience protecting families and giving the peace of mind that only permanent life insurance can provide.
You own the policy, even if you change jobs or retire. The policy remains in force until you die or up to age 121, as long as you pay the necessary premium on time.
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Texas Life Insurance Company's financial security
Texas Life Insurance Company, headquartered in Waco, offers life, accident, and health insurance. It was founded in 1901 and is the oldest life insurance company domiciled in Texas.
The company's primary focus is on providing financial security to employers for their employees with permanent life insurance that is easy to buy and administer. This permanent Universal life insurance program is backed by the financial strength and stability of Texas Life Insurance Co.
Texas Life's permanent life insurance provides peace of mind and is a solid companion to a group life insurance plan. The plan is easy to purchase, pay for, and keep through the convenience of payroll deduction. Coverage is affordable and dependable.
Texas Life has over a century of experience protecting families and giving peace of mind. The policy remains in force until the policyholder dies or reaches the age of 121, as long as the premium is paid on time.
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Frequently asked questions
Texas Life Insurance is a company that offers life, accident and health insurance.
Texas Life Insurance was founded in Waco in 1901 by William D. Mayfield and his son, John D. Mayfield. It was the first old line legal reserve life insurance company, with reserves established by Texas law, to be organised in the state.
Texas Life Insurance provides permanent life insurance that is easy to buy and administer. The plan is affordable and dependable, and can be kept for a lifetime.
Texas Life Insurance provides financial security for employers and their employees. The policy remains in force until the policyholder dies or reaches the age of 121, as long as the premium is paid on time.
