April 18, 2024
NLG Business Highlights and 2023 Annual Report Are Available!
Do good. Be good. Make good.
We have released our 2023 Annual Report, which highlights new sales records set despite market volatility, as well product innovation and expanded community support.
“We continue to grow with purpose while consistently outpacing our competition even with market volatility. At the same time, we have expanded efforts to combat childhood hunger, support youth mental health and build communities nationwide,” Chairman, CEO and President Mehran Assadi said. “We know our associates are our competitive advantage, our ‘secret sauce.’ They are essential to our mission-driven and purposeful culture, enabling us to serve Middle America.”
Among the accomplishments noted in the report:
- Set new sales records:
- $530 million in life insurance policies
- $2.7 billion in Single Premium Deferred Annuities
- $220 million in flow annuity business
- $47 billion in assets under management
- $471 million in core earnings
- Pioneered the introduction of two innovative living benefits riders1: a new Accelerated Benefits Alzheimer’s Disease rider and a first of its kind Fertility Journey rider
- $1.73 million raised for Vermont flood relief through Do Good Fest
All of the details of the year can be found in the electronic version of the report, also summarized in this year’s Business Highlights.
Accelerated Benefit Riders are optional and may not be available in all states or on all products. Receipt of Accelerated Benefits will reduce the Cash Value and Death Benefit otherwise payable under the policy. may result in a taxable event, and may affect you client’s eligibility for public assistance programs.
Riders are supplemental benefits that can be added to a life insurance policy and are not suitable unless the client has a need for life insurance. Riders are optional, may require additional premium and may not be available in all states or on all products.
