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Last updated June 19, 2009
In 1994, billionaire Francois Pinault bought Executive Life. Soon after, it was renamed Aurora National Life Assurance Company. With its new name came a new set of values for the company. Now present in 46 states, Aurora National Life Assurance Company is working with the promise of being “safe, strong and secure.”
Aurora National Life Assurance Company offers a variety of individual and group life insurance options, focusing mainly on term and whole life insurance. Term-life insurance policies provide coverage to the policyholder for a limited amount of time. If the insured dies within that contracted time, death benefits will be paid to the survivors. After that period, the insured has the option to continue coverage by increasing premiums or to drop the policy.
Whole life is a type of permanent insurance that remains in force for the insured’s lifetime. Usually, premiums are set and must be paid annually for the coverage to continue. In this type of insurance policy, a cash value accumulates as the policyholder pays the premiums.
Contact Aurora National Life Assurance Company at:
Aurora National Life Assurance Company P.O. Box 4490 Hartford, CT 06147-4490 Telephone: 1-800-265-2652
Sources: “Aurora National Life Assurance Company.” Answers.com Web site 2009. “About Aurora,” Aurora National Life Web site, 2009