What Company Bought the Peoples Life Insurance Company of Washington, D.C.?
As part of a merger agreement between the two insurance companies, Peoples Benefit Life Insurance Company became a part of Monumental Life Insurance Company in October of 2007. All accounts, claims and policies of Peoples Benefit Life are managed by Monumental Life Insurance Company, a Transamerica Company, as of 2014.
Monumental Life Insurance Company was founded in 1858 and provides life insurance and other financial products and services through employee career agents and independent agents. Monumental Life Insurance is part of the Transamerica Insurance Company and the AEGON Insurance Group, an international pension, insurance and financial-services organization that serves individuals and businesses in over 25 countries around the world.