Trinidadian company buys Mutual Life Insurance

Today Belizean policy holders of Mutual Life Insurance got assurances from the company which recently bought Mutual Life, Guardian Life Limited, that their coverage would continue uninterrupted. Guardian Life has been managing the life and pension portfolios of the company since August, 1999 and says they are working to make their newly acquired Belizean interest fully operational. President and CEO of Guardian Life Limited, Earl Moore, says the company has enough assets to back all liabilities.

Earl Moore, President and CEO, Guardian Life Limited

“We are currently trying to get permission by the government of Belize to market insurance in Belize and when it’s finalized, we’ll try to select an individual or individuals in Belize who can market our products. We have enough assets to back all the liabilities and we can assure the policy holders here, I think there are six hundred plus policy holders, that everything is fine.

Normally when we go into a territory we normally try to make some investment in the economy and we have been having discussions, talking, getting information from the Ministry of Finance, from the Trade Administrator, from the Ministry of Housing perhaps we might be able to make some investment somewhere. I don’t know if it’s in housing or some part of the economy but it would suit Guardian Limited to make that investment in Belize to back the liabilities of the Belizean policy holders.”

Guardian Limited is a Trinidadian Company with estimated assets of about three hundred sixty-five million U.S. dollars. Keith Goldson has been asked to assist in establishing operations in Belize and Belle Fernandez will continue to serve policy holders under the new company. Guardian Life also says they plan to establish a sales team to market their products in Belize.