What is the history of the National Western Life Insurance Company?


Quick Answer

The National Western Life Insurance Company was founded in 1956 in Austin, Texas, where it maintains a corporate headquarters today. This company is a subsidiary of National Western Life Group Inc., and has offices in nearly 50 states, according to the company's website. National Western Life Insurance Company classifies as a stock insurance company, and offers insurance plans for individuals that include whole life, universal life insurance and fixed-indexed annuities, notes The New York Times.

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Full Answer

Like many insurance company, National Western Life Insurance began with local operations, then expanded as the company grew. Its initial service area is the southwestern United States, and the company maintains an active presence in Texas and Colorado. In time, its services expanded nationwide. National Western Life serves customers in 49 states, the District of Columbia and four U.S. territories, as noted on its website. It also conducts business in other locations internationally to serve various market segments.

National Western Life Insurance offers whole life, term plans, annuity products and individual universal life as its insurance plans. Recently, it added a special branch dedicated to helping non-U.S. citizens achieve insurance coverage. The company is an accredited Better Business Bureau organization. As of October 2015, its leadership board includes Chairman Robert Moody, active since 1963 and President Ross Moody, who assumed presidency in 1992. Brian Pribyl has served as the CFO since 2001. In 1992, the company named Patricia Scheuer as VP, followed by the appointment of Robert Sweeney as VP in 2013.

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