The Mutual Benefit Life Insurance Company was a life insurance company based in Newark, New Jersey that was chartered in 1845. The company was headed by Frederick Frelinghuysen (1848–1924). The company was known as the "Tiffany" of insurance companies, a reference to its reputation as the life insurance company to the upper classes.
Mutual Benefit Life was seized by the New Jersey Department of Banking and Insurance on July 16, 1991 after losses in an overheated real estate market led to a run by policyholders. At the time, the collapse was the largest ever of an American insurer. Effective June 14, 2001, Mutual Benefit was liquidated and dissolved.
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