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Mutual Benefit Life Insurance Company

1845 establishments in New JerseyCompanies based in New JerseyCompanies established in 1845Defunct financial services companies of the United StatesFinancial services companies disestablished in 2001
Financial services companies established in 1845Insurance companies of the United StatesInsurance company headquarters in the United States
Mutual Benefit Life Bldg Newark
Mutual Benefit Life Bldg Newark

The Mutual Benefit Life Insurance Company was a life insurance company that was chartered in 1845 and based in Newark in Essex County, New Jersey, United States. The company was headed by Frederick Frelinghuysen (1848–1924). The company was known as the "Tiffany" of insurance companies, a reference to its reputation as the life insurance company to the upper classes. Mutual Benefit Life was taken into receivership for rehabilitation by the New Jersey Department of Banking and Insurance on July 16, 1991, after losses in an overheated real estate market led to a run by policyholders, who ultimately lost the purported "cash value" that had been said to have accrued in their policies. At the time, the collapse was the largest ever of an American insurer. AMEV acquired the group life, accident and health insurance Mutual Benefit in 1991. SunAmerica acquired the remaining divisions in 1998. Effective June 14, 2001, Mutual Benefit was liquidated and dissolved.

Excerpt from the Wikipedia article Mutual Benefit Life Insurance Company (License: CC BY-SA 3.0, Authors, Images).

Mutual Benefit Life Insurance Company
Van Wagenen Street, Newark

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N 40.761111111111 ° E -74.169444444444 °
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Roberto Clemente Elementary School

Van Wagenen Street
07104 Newark
New Jersey, United States
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Mutual Benefit Life Bldg Newark
Mutual Benefit Life Bldg Newark
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Jewish Museum of New Jersey
Jewish Museum of New Jersey

The Jewish Museum of New Jersey, at Ahavas Sholom, is located at 145 Broadway in Newark, Essex County, New Jersey, United States.The Museum was founded in 2003 and the museum's inaugural opening was in 2007. The historic building in the Broadway neighborhood is the longest continually operating synagogue in the city. It was built in 1923 and added to the National Register of Historic Places on December 13, 2000, for its significance in art, religion, and social history. The two-story brick building features Classical Revival architecture. It is one of fifty synagogues that once stood in Newark, serving a Jewish population of 70,000, once the sixth largest Jewish community in the United States. From the gallery space of the Museum, one has a view of the majestic Aron Kodesh, or Holy Ark. Constructed in the 1870s for Congregation Beth-El, later Rodeph Sholom, at their second location on Lexington Avenue and 63rd Street in New York City, the hand-carved wooden Aron Kodesh was installed at its present location in Newark in the 1920s and is the oldest in the state of New Jersey.The Museum creates and curates rotating and traveling exhibitions, utilizing photographs, paintings, panel displays, artifacts, text, music and multi-media. The Museum also features topics such as local Holocaust survivors, Jewish Immigration in the state, and history of Sephardim in New Jersey. The Museum is open for special exhibits and programs, as well as by appointment. New Jersey has the fourth largest Jewish population in the country and it can trace back its Jewish roots to the 17th century. Mr. Joseph Selzer, the founder and former Board President had taken a visit to the Jewish Museum of Florida which is located in a restored 1936 synagogue. Selzer realized that despite New Jersey having such a high population of a practicing Jewish population, there was no Jewish museum to preserve the state's Jewish history.There are over one-half million people in New Jersey who are Jewish and the creation of the museum will create the first centralized location with permanent, rotating, and traveling installations for the research, presentation, and exhibition of more than 400 years of Jewish History in New Jersey.