National Life of Vermont announces completion of $200 million surplus note offering

National Life Insurance Company (National Life) headquartered in Montpelier, Vermont, today announced that it has completed a $200 million surplus note offering.
“We are very pleased with the completion of this surplus note offering,” said Mehran Assadi, president and chief executive officer of National Life Group, the parent company of National Life Insurance Company.
“The capital raised in this offering will help us finance our current strong sales growth and broaden our options for future growth,” said Assadi.
“I believe the success of this sale speaks highly about our financial strength and the confidence of the market in our company,” he said.
The National Life note will mature in 2039.
About National Life Group - www.nationallife.com ~ www.facebook.com/nationallife
National Life Group®, a Fortune 1000 company, serves more than 850,000 customers. The Group is made up of its flagship company, National Life Insurance Company, founded in Montpelier, Vermont in 1848; Life Insurance Company of the Southwest, Dallas, Texas, and Sentinel Investments, Equity Services, Inc. and National Retirement Plan Advisors, all located in Montpelier.
National Life Group® is a trade name representing various affiliates that offer a variety of financial service products. National Life Insurance Company is licensed in all 50 states and the District of Columbia. Life Insurance Company of the Southwest, Dallas, TX is licensed to do business in all states except New York. Equity Services, Inc., Member FINRA/SIPC, is a Broker/Dealer and Registered Investment Adviser. Sentinel Investments® is the unifying brand name for Sentinel Financial Services Company, Member FINRA/SIPC, Sentinel Asset Management, Inc., and Sentinel Administrative Services, Inc. Each company of the group is solely responsible for its own financial condition and contractual obligations.
Source: Montpelier, Vermont (September 24, 2009) – National Life Insurance Company.