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Deals & People December 12, 2013
Ameritas to Absorb Affiliated Insurance Firms
The boards of directors of Ameritas Life Insurance Corp. and The Union Central Life Insurance Company approved a merger of the two affiliated insurance companies.
Reported by PLANADVISER staff
The two firms will come together under the Ameritas Life name, effective July 1, 2014.
In a separate move, the Ameritas board voted in conjunction with directors at another Ameritas affiliate, Acacia Life Insurance Company, to bring that company under the Ameritas name as well. The deal also takes effect in July of next year, and both are subject to the approval of relevant insurance regulatory agencies.
Commenting on the announcement, Ameritas president, chair and CEO JoAnn Martin says the actions were undertaken to improve operational efficiency and simplify business models.
Ameritas and its affiliated companies offer a range of insurance products and solutions, including annuities, individual disability income insurance, group dental, vision and hearing care insurance, retirement plans, asset management and public finance.
For more information, visit www.ameritas.com