ManhattanLife to Acquire Standard Life and Casualty

[Northeast Agent]

ManhattanLife to Acquire Standard Life and Casualty | ThinkAdvisor

Manhattan Life Group, which now operates under the ManhattanLife brand, is a Houston-based holding company that owns the Manhattan Life Insurance Company and several other life insurers.

Manhattan Life was founded in 1850.

The ManhattanLife organization as a whole has about $2.5 billion in assets. Its companies write products such as individual life insurance, Medicare supplement insurance, individual annuities and voluntary dental insurance.

Standard Life is a Salt Lake City-based life insurer that was founded in 1946 and is now licensed in 29 states. It sells products such as final expense arrangements, home health care plans, short-term medical insurance, and critical illness insurance through independent brokers and independent marketing organizations.

 

[rousemark]

ManhattanLife to Acquire Standard Life and Casualty | ThinkAdvisor

Manhattan Life Group, which now operates under the ManhattanLife brand, is a Houston-based holding company that owns the Manhattan Life Insurance Company and several other life insurers.

Manhattan Life was founded in 1850.

The ManhattanLife organization as a whole has about $2.5 billion in assets. Its companies write products such as individual life insurance, Medicare supplement insurance, individual annuities and voluntary dental insurance.

Standard Life is a Salt Lake City-based life insurer that was founded in 1946 and is now licensed in 29 states. It sells products such as final expense arrangements, home health care plans, short-term medical insurance, and critical illness insurance through independent brokers and independent marketing organizations.

Would be nice if they would rebrand as Manhattan. They have a good ancillary line up for under 65. And, they have Med Sup but they have no other products for over age such as FE..

 

[somarco]

Is Std Life the group that acquired Equitable L&C?

 

[Northeast Agent]

somarco said:

Is Std Life the group that acquired Equitable L&C?

SILAC, Inc. purchased Equitable in April 2017, bringing both access to capital and strong, experienced leadership. Equitable is licensed in 46 states and the District of Columbia.

SILAC (Sterling Investors Life Insurance) is out of IN, not who you're thinking of in UT or TX (I think there are two companies with Standard Life in their names).

 

[marindependent]

@NortheastAgent - thanks for posting this article.

 

[rousemark]

somarco said:

Is Std Life the group that acquired Equitable L&C?

SILAC, Inc. purchased Equitable in April 2017, bringing both access to capital and strong, experienced leadership. Equitable is licensed in 46 states and the District of Columbia.

SILAC (Sterling Investors Life Insurance) is out of IN, not who you're thinking of in UT or TX (I think there are two companies with Standard Life in their names).

Yes, there is Standard Life and Accident out of Texas (Owned by American National) and Standard Life and Casualty out of Utah, now owned by Manhattan. .

 

[Northeast Agent]

ManhattanLife Moves to Increase Medigap and Voluntary Benefits Sales | ThinkAdvisor

Only updating this post to note that:

ManhattanLife has awarded Integrity Marketing exclusive distribution rights for the new ManhattanLife Assurance Company Medicare Supplement product.

Integrity Marketing is a Dallas-based company that has been growing rapidly through acquisitions. One of its units, AIMC, has been selling ManhattanLife Medigap products, under the Family Life brand name, since 2009.

 

[Northeast Agent]

Please Read - Important Information About Discontinued Use of Equitable Name

SILAC Insurance Company

As we approach the new year, we wanted to remind our agents that Equitable National Life Insurance Company, Inc. (“Equitable”) has transitioned to our new name, Sterling National Life Insurance Company, Inc. over the last several months.

Effective January 1, 2021, our rebranding will be complete, and we will no longer use the name, “Equitable” in the marketing, advertising or issuance of insurance and annuity products or forms.

Effective December 7, 2020 and by no later than December 31, 2020, you must cease using Equitable, Equitable National Life, any use of the “Equi” prefix or any similar name in your marketing, advertising and sale of our products.

You must refer to us as Sterling National Life Insurance Company or Sterling National only.

The same is true for any electronic use of Equitable. You must remove all references to Equitable, Equitable National, or any use of the “Equi” prefix or any similar name in any electronic advertising, including without limit: any website or website domain names, email advertising, or any other electronic media.

After the end of this year, we will not have any rights to the name Equitable; and as our agent, you are not authorized to use the name Equitable in conjunction with the marketing, advertising or sale of our products.

This Agent communication is being issued pursuant to the terms of your General Agent agreement with us and is made a part of your Agreement.

If you have any questions or concerns, please email us at [email protected].

We appreciate your immediate attention in making these critical changes. Thank you for your continued business and support.

Sincerely,

John Neville
Vice President of Legal Services & Associate General Counsel

 

[somarco]

Guess I need to revisit my websites and see if there is anything there that mention the name Equi . . .

 

[Tahoe Ray]

Guess I need to revisit my websites and see if there is anything there that mention the name Equi . . .

What if you're selling Equitrust annuities? Or Axa?