Sam Foti worked at joined Metropolitan Life Insurance Company for several years before joining The MONY Group Inc. in 1988. Samuel J. Foti received his first promotion in 1991. He was promoted from National Director of Agency Operations to Executive Vice President, Insurance Operations. This was the position he held until promoted as the Group’s President and Chief Operating Officer in 1994.
The MONY Group Inc. deals in life insurance, asset accumulation, and retail brokerage products and services to individuals, corporations, and institutions. The company has various subsidiaries performing different functions and handling different business categories. Insurance products include individual life insurance products, for whole life, term life, universal life, variable universal life, corporate-owned life, last survivor whole life, last survivor universal life, last survivor variable universal life, group universal life, and special-risk products. The company also provides flexible premium variable annuities, single premium immediate annuities, proprietary mutual funds, investment management services, and many other financial services.
One of the company’s subsidiaries that report directly to Samuel Foti is Enterprise Capital Management, Inc. This is a privately owned hedge fund sponsor. The subsidiary invests in the public equity and hedging markets of the United States and Canada.