The Presidential Life Insurance Company was established and incorporated under the existing laws of New York as a stock life insurance company on May 17, 1965. The company was granted full license and began business on October 20, 1966.
The Presidential Life Insurance Company, located in Nyack, New York, is one of the industry’s leading providers of life insurance products and services to financial service professionals and their clients all throughout the country. The company also offers and provides immediate and fixed deferred annuities to their rising list of clientele.
Since its foundation in 1965, the company’s continuous growth and ever-growing national presence has been centered on its core set of values – People, Product and Patience. The company prides itself of commitment and dedication in serving its customers through fair and ethical treatment, high levels of professional standards and moral principles. Starting with only a handful of insurance agents, the company has ballooned to more than 15,000 highly-skilled and motivated career service professionals including thousands of home office employees served by a network of sales directors catering to the hundreds of thousands of customers and policy holders all throughout the country.
The Presidential Life Insurance Company is authorized to provide and write health and life insurance as well as annuities as defined in the New York Insurance Law. The Company now operates in all 50 states including the District of Columbia except for New Hampshire, a far cry from its early beginnings of servicing only a few counties within the state of New York.
The Company’s commitment to the people is to provide the best products and services thru patient and highly competent people bringing financial stability. These are the solid foundations which the company believes to be the main reasons for their ever growing business. Presidential Life Insurance Company, regarded as one of the best insurance providers in the country, adapts to the changing market and individual needs of the customers. The Company has embraced new technologies in the belief that this would enable them to improve the level of service to their current and potential customers.
In May, 2010, A.M. Best removed the “under review with negative implications” rating and declared a B+ (Good) Financial rating to the Presidential Life Insurance Company with stable outlook following inconsistencies with SEC filings and battle with ousted Chairman Herbert Kurz.
At present, under the leadership of Mr. Donald L. Barnes, the Company’s Chief Executive Officer and elected President; the company fought its way back to the top and, since then, has grown exponentially.
Mr. Paul B. Pheffer was appointed Senior Vice President, Chief Financial Officer and Treasurer effective June, 2010 which expires on December 31, 2012. Mr. Duncan Szeto is the company’s Chief Actuary since August, 2010. He joined the company as the Vice -President for Financial Modeling and is an alumnus of the New York University and member of The American Academy of Actuaries. Mr. Mitchell Anderson serves as the Chief Marketing Officer and Vice-President responsible for all marketing research, strategies and program implementation.