In 2007, the Peoples Benefit Life Insurance company merged with Monumental Life, which now owns and manages all of its accounts. The company's headquarters is in Iowa. Monumental Life is a member of the Aegon financial group.
In addition to life insurance, Monumental Life provides pension accounts and retirement planning through Aegon. The company claims to be a one-stop-shop for all a potential customer's financial planning needs.
Aegon operates in 25 countries and has been in operation since 1844. The company works with both individuals and companies who wish to provide pension and life insurance for their employees as either a paid benefit or as an option they can undertake themselves.