Private company
Beneficial Financial Group
Logo: Beneficial Financial Group, Public domain, via Wikimedia Commons3
American insurance company
Beneficial Financial Group is an insurance and financial services company based in Salt Lake City, Utah. It is a subsidiary of Deseret Management Corporation (DMC), the for-profit arm of the Church of Jesus Christ of Latter-day Saints (LDS Church). The company was founded in 1905 and as of its 2013 fiscal year end had assets of $3.0 billion.2 Wikipedia text CC BY-SA 4.0
Last updated Oct 21, 2026.
Overview
- Industryinsurance1
- HeadquartersSalt Lake City1
- Websitewww.beneficialfinancialgroup.com
See how the biggest companies compare on our leaderboards
Beneficial Financial Group is an insurance and financial services company based in Salt Lake City, Utah. It is a subsidiary of Deseret Management Corporation (DMC), the for-profit arm of the Church of Jesus Christ of Latter-day Saints (LDS Church). The company was founded in 1905 and as of its 2013 fiscal year end had assets of $3.0 billion. The insurance side of the company was known for many years as the Beneficial Life Insurance Company.2
Products and brands
- life insurance
Listed on Wikidata.1
The company headquarters for many years was in the Beneficial Life Tower, directly above the ZCMI Center Mall. This office tower had the company name in large letters along the side, lit in blue at the top of the structure. The words Beneficial Life could be seen from quite a distance as the tower had an entirely unimpeded view of the Salt Lake Valley along the main artery known as State Street.
During the mid-1980s the Beneficial Life tower achieved notoriety when a rare breeding pair of peregrine falcons decided to take residence on the company letters on the north side of the building.
Around 2006, Beneficial moved to the former Kennecott building on an opposite corner of the same block. Both buildings remained while almost the entirety of the block was torn down, along with neighboring blocks of downtown Salt Lake City, and turned into a new development called the City Creek Center.
From Wikipedia’s article on Beneficial Financial Group, shared under CC BY-SA 4.0.4
Subsidiaries and ownership
Owners
From Wikidata.1
Timeline
- 1905Founded Founded1
Links
- Websitewww.beneficialfinancialgroup.com1
- WikipediaBeneficial Financial Group
- WikidataQ4887420
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5Wikimedia CommonsBeneficial Financial Group photo by Ricardo630, CC BY-SA 3.0