National States Insurance Company in Liquidation

What National States Insurance Company in Liquidation does

National States Insurance Company in Liquidation was a Missouri-domiciled insurance company founded in 1964 that historically offered life insurance and Medicare Supplement insurance products to individual policyholders. Its core business consisted of underwriting and administering these two product lines, distributed historically through insurance agents and brokers, generating revenue through policy premiums and investment income on reserves in line with standard US life and health insurer economics.

On November 15, 2010, the Circuit Court of Cole County, Missouri declared the company insolvent and ordered it into liquidation under Mo. Rev. Stat. § 375.1218. Prior to the liquidation order, the company's entire Medicare Supplement policy block was assumed by Oxford Life Insurance Company and North American Life Insurance Company. The remaining life insurance policies were assumed by Family Life Insurance Company effective April 1, 2012, with Family Life now operating under the Manhattan Life brand. Effective January 1, 2017, National States formally ceased all policy administration responsibility, including premium, claim, and policy administration.

The entity currently exists solely as a statutory receivership shell under the control of the Missouri Department of Commerce & Insurance, which serves as the court-appointed Liquidator. The Liquidator has determined that National States does not have assets to pay claims with priority below Class 2, and the company website functions only as an informational portal providing access to court documents, proofs of claim, and contact information for the Receivership Counsel. There are no active operations, revenue-generating activities, employees, or product offerings associated with the entity.

Name

National States Insurance Company in Liquidation

Legal name

National States Insurance Company in Liquidation

Website

https://nstates.com

Company type

Private

Founded year

1964

Operating status

Closed

Headcount range

101–250 employees

Short description

National States Insurance Company in Liquidation is a Missouri-domiciled insurer placed into court-ordered receivership on November 15, 2010 after being declared insolvent. It historically underwrote life and Medicare Supplement policies, now fully assumed by other carriers, and operates solely as a state-administered wind-down entity.

Ownership category

akta.pro rank

Product category

Life and Health Insurance (Liquidated)

NAICS

Direct Life Insurance Carriers (524113)

SIC

Life Insurance (6311)

akta.pro primary industry

Group Term Life Insurance (FSAIAAAJ)

Keywords

• Life insurance
• Medicare supplement insurance
• Insurance receivership
• Policy administration
• Insurance liquidation

Headquarters

HQ city

Jefferson City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Others

Marketing channels1 record

Core offering

National States Insurance Company historically sold individual life insurance and Medicare Supplement insurance products to consumer policyholders. Following the 2010 liquidation order, the company no longer sells or administers insurance; its website serves only as a public notice portal for the receivership, hosting liquidation documents, claim forms, and contact information for the Missouri Department of Commerce & Insurance Receivership Counsel.

Product overview

National States Insurance Company in Liquidation is an insurance company that has been in liquidation since November 15, 2010, when the Circuit Court of Cole County, Missouri declared it insolvent. The company no longer actively sells or administers insurance products. Its life insurance policies were assumed by Family Life Insurance Company as of April 1, 2012, and its Medicare Supplement Policies were assumed by Oxford Life Insurance Company and North American Life Insurance Company prior to November 15, 2010. The company website serves as an informational portal for claimants and policyholders regarding the liquidation proceedings, providing access to legal documents, proofs of claim, and contact information for the Missouri Department of Commerce & Insurance Receivership.

Differentiator

Problem solved

Functional benefit

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Family Life Insurance CompanycoreStrategic or Co-development Partner · 1 April 2012Family Life Insurance Company assumed all National States life insurance policies effective April 1, 2012. All claims, premium payments, and inquiries regarding National States life policies were transferred to Family Life, now operating under the Manhattan Life brand.
• Oxford Life Insurance CompanycoreStrategic or Co-development Partner · 15 November 2010Oxford Life Insurance Company assumed National States Medicare Supplement policies prior to November 15, 2010. Handles all claims, premium payments, and inquiries for affected policyholders.
• North American Life Insurance CompanycoreStrategic or Co-development Partner · 15 November 2010North American Life Insurance Company assumed National States Medicare Supplement policies prior to November 15, 2010. Handles all claims, premium payments, and inquiries for affected policyholders.

Scale indicators1 record

Recent moves5 records

Expansion highlights1 record

Broad incumbents

• Humana: One of the largest Medicare Advantage and Medicare Supplement insurers in the U.S. Operates in the same Medicare Supplement segment that comprised a significant part of National States' historical product offerings.
• Globe Life: A larger publicly traded life insurance carrier focused on individual life and supplemental health products to middle-income households - very comparable demographic and product overlap with National States' historical book.
• Aetna (CVS Health): Major Medicare Supplement and individual health insurer with broad nationwide presence; comparable for the Medicare Supplement book and for policyholder demographic alignment.
• Cigna Group (Medicare Supplement business): Major incumbent in the Medicare Supplement market with national scale; highly comparable to National States' Medicare Supplement block that was assumed by Oxford Life and North American Life.
• Mutual of Omaha: A much larger established insurer whose product mix directly overlaps with National States' focus on Medicare Supplement and individual life insurance, serving similar older policyholders through similar distribution channels.

Direct peers

• Sentinel Security Life Insurance Company: A small niche life and health insurer specializing in senior market products including Medicare Supplement - a comparable small-carrier peer with overlapping product offerings and policyholder demographics.
• Manhattan Life Insurance Company (Family Life Insurance Company): Family Life, now operating under the Manhattan Life brand, assumed all National States life insurance policies effective April 1, 2012. Operates in the same individual life insurance niche with similar older-demographic policyholders, making it the closest direct functional peer for the legacy life insurance block.
• Royal Neighbors of America: A fraternal life insurer with a similar niche focus on individual life insurance and supplemental products to older/middle-market policyholders - directly comparable profile to the demographic National States served.
• Oxford Life Insurance Company: Assumed all National States Medicare Supplement policies prior to the November 15, 2010 liquidation order, making it the direct successor for the health/policyholder block. Oxford Life is a comparable small-to-mid life and health insurer that took over similar business, indicating highly aligned product mix and operational scope.
• North American Life Insurance Company: Co-assumed Medicare Supplement policies from National States prior to liquidation, and operates as a direct peer in the individual life, Medicare Supplement, and annuity markets with very similar policyholder demographics and product types.

Market position

Strengths2 records

Weaknesses3 records

Competitive moat2 records

Key risks4 records

Key highlights3 records

Customer concentration

• LinkedInlinkedin.com/company/national-states-insurance-company-inc.

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about National States Insurance Company in Liquidation