Annuity & Life Reassurance America Inc., and Heritage Union Life Insurance Company, two subsidiaries of Heritage Union, LLC, have announced the merger of both companies.
Under the arrangement, the combined company will operate under the name Heritage Union Life Insurance Company as an Arizona domestic insurer with licenses in 42 states and the District of Columbia.
The company officials revealed that Heritage Union will send notices about the name change to existing Annuity & Life Reassurance America policyholders, within 30 days.
However, the name change will not otherwise impact policyholders, they added.
Market experts believes that the completion of this merger is an important move in the company's plans to bring innovative new income protection life insurance products to market that are tailored specifically to meet the needs of middle-income American consumers.
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Benifit of Merger
Really it has a great importance when the two powerful brands merge with each other then it make a more powerful brand by mixing the every quality of two within one.
Same thing with Annuity & Life Reassurance America Inc.
This merger could bring the innovative product for their customer by sharing the technology.
They could also changes the prices to attract the customers. So I want to just say that this merge has a great importance for the both companies.
Steven