by Structured Settlement Watchdog®
What is a mutual insurance company?
A mutual insurance company is owned by its policyowners/policyholders. Many, but not all mutual, insurance companies include the word "mutual" in the company name.
More evidence that certain "cash in your annuity" companies haven't a clue. Cashinyourannuty(dot)com says:
"A company that is not publicly traded is known as a mutual insurance company".
This is the kind of stuff you learn when you first get licensed for insurance and/or securities. But wait…there is no license for Cash in Your Annuity, or cashinyourannuity(dot)com.
A company whose shares are not publicly traded is a privately held company.