About Us

Prosperity Life Group is an innovative insurance, reinsurance, and asset management company.

Prosperity Life Group is excited to announce a partnership with EXL, a leading technology provider and third-party administrator.

This partnership will enable us to modernize our technology systems, expand our customer service team, and improve on your experience as a customer.

What should current customers expect?

  • When your policy is transitioned to the new administrative platform, EXL will send you a welcome letter providing a new administrative office mailing address for all your servicing needs. If you have more than one policy/contract, you can expect to receive a separate mailing for each policy you own.
  • There is no change in the insurer – your policy will remain with the current Underwriting Company.
  • These changes will not affect the terms and benefits of your policy. All contractual provisions and rights under your policy will remain the same.
  • We will be transitioning to the new administrative platform and servicing address in phases over the coming year, depending on the type of policy you have.
  • After you are notified that your policy has transitioned to the new platform, please use the new administrative office mailing address for correspondence. Our telephone and fax numbers will remain the same.


At Prosperity Life Group we believe each person’s future holds the potential to develop into something greater.


We are focused on the long term, and believe our people, products, and services will create sustainable returns for our customers and communities.


We are committed to doing the right thing for our customers, shareholders, and people.


We are outcome oriented, and how we achieve matters as much as what we achieve.


We actively invite diverse views and perspectives, and value unique experiences, where everyone feels that they belong and contribute.

A Century of Tradition

Our member companies provide a strong foundation dating back over 100 years.


Our insurance business in the U.S. is focused on the retirement and life market. We’ve grown by designing innovative life insurance, asset accumulation and supplemental health products.

SBLI USA Life Insurance Company, Inc.

Headquartered in New York City, SBLI USA has been satisfying the life insurance needs for the New York market for over 75 years, including a long history of working with banks to develop and offer products that meet their customer’s financial objectives.

S.USA Life Insurance Company, Inc.

S.USA is an Arizona domestic insurer authorized to do business in 47 states and the District of Columbia. S.USA offers a wide variety of products through a diverse set of distribution channels.

Shenandoah Life Insurance Company

Founded over 100 years ago, Shenandoah Life, a Virginia domestic insurer, has a strong track record of performance and a long tradition of meeting its customer’s needs.



We’re not just about getting bigger. We believe in growing smarter. Look at our timeline to see how we’ve grown.


Shenandoah Life Insurance Company (“Shenandoah Life”) is founded as a Virginia insurance company based in Roanoke, Virginia.


The Savings Banks Life Insurance Fund (“SBLI Fund”) begins to conduct insurance business in the state of New York.


The SBLI Fund converts into a mutual life insurance company domiciled in New York, under the new name SBLI USA Mutual Life Insurance Company of New York, Inc. (“SBLI USA”).


S.USA Life Insurance Company (“S.USA”) becomes a wholly-owned subsidiary of SBLI USA Mutual Life Insurance Company, Inc.


Prosperity Life Insurance Group, LLC is founded with the partnership of Black Diamond Capital Partners and Reservoir Capital Group, LLC.


Prosperity Life Insurance Group, LLC grows through the sponsored demutualization and acquisition of Shenandoah Life.


Prosperity Life Insurance Group, LLC grows further through the sponsored demutualization and acquisition of SBLI USA. Prosperity Life Insurance Group, LLC’s principal operating members are now Shenandoah Life, SBLI USA, and S.USA.


Elliott Management Corporation acquires majority ownership of Prosperity Life Insurance Group, LLC. Nicholas von Moltke joins Prosperity Life Insurance Group, LLC, assuming the role of Chief Executive Officer.


Formation of Prosperity Life Assurance Ltd., a Bermuda reinsurance company


Formation of Prosperity Asset Management (PAM), a sophisticated investment and risk manager


Through its three US insurers, Prosperity Life Insurance Group, LLC services more than 300,000 policies and continues to provide financial security to customers and their families through innovative protection, asset accumulation, and supplemental health insurance products.

Performance Rooted In Strength

Our financial strength is founded on helping you reach yours.

AM Best Rating

Excellent A-

Financial Strength Rating


Issuer Credit Rating


Highest of 15 ratings



Kroll Rating


Insurer Financial Strength Rating



AM Best and Kroll rating information as of December 2022. For the latest information visit www.ambest.com and www.kbra.com.


We are a team of industry experts who work together to get things done efficiently.



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