Magna Insurance Company Company Profile - aVenture Research
Magna Insurance Company
Magna is a Mississippi-domiciled life insurance company that underwrites Medicare Supplement coverage for individuals, their families, and employer groups.
Magna Insurance Company traces its origins to Argus Life Insurance Company, which was formed in South Carolina, before Magna Bancorp acquired it, re-domiciled it to Mississippi, and merged it with the former Magna Insurance Company to take its current name as a Mississippi-domiciled life insurance carrier authorized to write accident and health, credit life, credit accident and health, and life business.
It underwrites employer group supplement policies administered by Equipoint Partners, Medicare Supplement policies administered by Aetna, and employer group medical stop-loss coverage, providing insurance protection to individuals, their families, and employer groups.
