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       News Release: Companion Life Insurance Company acquires Montgomery Management Corporation





MONTGOMERY MANAGEMENT CORPORATION
A Companion Life Company

Montgomery Management Corporation (MMC) is an underwriter of employer stop-loss coverage.  We have been in business since 1989. 

In a mutually-beneficial strategic arrangement, Companion Life Insurance Company purchased MMC in November 2007.  MMC and Companion have been partners since 2004.  This transaction reinforces the synergies between Companion and MMC and allows both companies to flourish as a team while maintaining the level of service that clients expect and deserve.  Companion Life Insurance Company holds an A+ (Superior) rating from A.M. Best Company.  Click here to read the press release.

 

MMC provides a full range of services including underwriting, policy binding, contract issuance, premium collection and claims payment.  In addition to stop-loss, we offer Life, AD&D, STD and LTD coverage.

 

We are renowned for our excellent customer service and responsiveness; our staff's reputation for friendliness and accessibility is unparalleled. 

 

MMC has offices in Blue Bell, PA; Grand Rapids, MI; Charlotte, NC; and Columbia, SC. 

 

Our minimum case size is 25 lives and our minimum specific deductible is $15,000.  Other product features include, but are not limited to the following:

  • Specific Advance

  • Aggregate Monthly Accommodation

  • Aggregating Specific Deductibles

  • Specific & Aggregate Terminal Liability

  • Specific lifetime maximums of up to $5,000,000

  • Multiple contract terms ranging from Paid contracts to short-term incurred and paid contracts.

Please feel free to explore the department-specific links below, and thank you for visiting our website.

 

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