Who Took Over Peoples Life Insurance? 
Peoples Benefit Life Insurance Company -LRB- sometimes called People 's Life Insurance Company of Washington , DC -RRB- merged with Monumental Life Insurance Company on October 1 , 2007 . Monumental Life is licensed in 49 states -LRB- all except New York -RRB- and is also licensed in the Distric of Columbia . Monumental Life is part of the Transamerica Agency Network and the AEGON Insurance Group . 