Yes, it is sad to see such a long-standing company close up. I hope this is not the case with the remaining companies writing this kind of insurance. And, I hope all the policyholders of Green Tree will be able to obtain affordable replacement coverage!
This long standing, tested and proven product should not end here. After being connected with Green Tree and over 40 years in the property and casualty business including the past President of Green Tree I only whish I had a company to carry on with this tradition and coverage.
I worked for the Green Tree Group and sold perpetual insurance to people. I was there and then let go when it was acquired by National Grange. The Green Tree should serve as an example of promises made during acquistion, not a merge not of equals as policyholders were told. Simply put, the Green Tree had survived and prospered during past difficult financial times. The reason the Green Tree Group is no longer is because a few people decided to shave their own skins and throw a great little company “under the bus.” They know who they are and they should be ashamed!
Having worked for the Mutual Assurance Company from 1993-96 and through the merger with National Grange, I was encouraged when I read that Chuck Barber had started the Green Tree Perpetual and had done a novation with National Grange in the late 90’s, and that this historic company with its unique and historic product had resumed its operations in the Philadelphia area. Now I am saddened by this seemingly final chapter of an important piece of insurance and Philadelphia history. I hope Chuck and his associates can make a final toast to General Washington, and I applaud them for their valiant efforts in trying to preserve this important organization.
Yes, it is important to note that Chuck Barber was not with the Mutual Assurance Co. when it was acquired by National Grange. Chuck should be commended for trying to resurrect Green Tree perpetual insurance. Chuck was definitely not one of those people that I was speaking of. In fact, some would say that Chuck was one the casualities of the mismanagement that occurred.
Now that The Green Tree is going out of business, I am looking for another company that offers perpetual insurance. To date I have contacted Saucon Mutual, the Philadelphia Contributorship, and will be contacting Baltimore Equitable. What other companies write perpetual policies? Any advice out there?
After receiving “the” letter, I contacted Greentree Perpetual requesting other agencies providing Perpetual Insurance. I was informed there were others in Pennsylvania but they were not permitted to provide the sames of these agencies.This sounds “unusual”. Does anyone who has provided comments have the rationale for “not being permitted to provide the names of other Perpetual companies?
The rational for Green Tree employees not to devulge other perpetual insurers is that none of them would help the company from going under so management does not want to see them rewarded for that. That is what an employee told me. They will get a quote for regular insurance for you from an Ohio company.
How ironic … a financially stable insurer exits the insurance business because investment yields are too low to sustain its unique operating strategy.
Very few people outside the insurance industry understand that an important part of our country’s insurance history has just disappeared. How sad.
Yes, it is sad to see such a long-standing company close up. I hope this is not the case with the remaining companies writing this kind of insurance. And, I hope all the policyholders of Green Tree will be able to obtain affordable replacement coverage!
This long standing, tested and proven product should not end here. After being connected with Green Tree and over 40 years in the property and casualty business including the past President of Green Tree I only whish I had a company to carry on with this tradition and coverage.
I worked for the Green Tree Group and sold perpetual insurance to people. I was there and then let go when it was acquired by National Grange. The Green Tree should serve as an example of promises made during acquistion, not a merge not of equals as policyholders were told. Simply put, the Green Tree had survived and prospered during past difficult financial times. The reason the Green Tree Group is no longer is because a few people decided to shave their own skins and throw a great little company “under the bus.” They know who they are and they should be ashamed!
Having worked for the Mutual Assurance Company from 1993-96 and through the merger with National Grange, I was encouraged when I read that Chuck Barber had started the Green Tree Perpetual and had done a novation with National Grange in the late 90’s, and that this historic company with its unique and historic product had resumed its operations in the Philadelphia area. Now I am saddened by this seemingly final chapter of an important piece of insurance and Philadelphia history. I hope Chuck and his associates can make a final toast to General Washington, and I applaud them for their valiant efforts in trying to preserve this important organization.
Yes, it is important to note that Chuck Barber was not with the Mutual Assurance Co. when it was acquired by National Grange. Chuck should be commended for trying to resurrect Green Tree perpetual insurance. Chuck was definitely not one of those people that I was speaking of. In fact, some would say that Chuck was one the casualities of the mismanagement that occurred.
Now that The Green Tree is going out of business, I am looking for another company that offers perpetual insurance. To date I have contacted Saucon Mutual, the Philadelphia Contributorship, and will be contacting Baltimore Equitable. What other companies write perpetual policies? Any advice out there?
Try the Mutual Assurance Society of Virginia. They still write a perpetual Homeowners policy.
After receiving “the” letter, I contacted Greentree Perpetual requesting other agencies providing Perpetual Insurance. I was informed there were others in Pennsylvania but they were not permitted to provide the sames of these agencies.This sounds “unusual”. Does anyone who has provided comments have the rationale for “not being permitted to provide the names of other Perpetual companies?
To Bill Romans
I just got a flyer from Baltimore Equitable Insurance offering me a perpetual policy. Call 1 800 272 1794
The rational for Green Tree employees not to devulge other perpetual insurers is that none of them would help the company from going under so management does not want to see them rewarded for that. That is what an employee told me. They will get a quote for regular insurance for you from an Ohio company.
What happen to the Green Tree employee pension program? As a former employee, who do I contact about the pension?
Pension? The. Company went out of business due to mismanagement and you’re looking for your pension? Please move to the back of the line buddy.