Lincoln, Neb.//December 11, 2013// In a merger of affiliated insurance companies, on December 5, 2013, the board of directors of Ameritas Life Insurance Corp. and the board of directors of The Union Central Life Insurance Company approved the merger of Union Central Life into Ameritas Life. Also, the board of directors of affiliate Acacia Life Insurance Company and the board of directors of Ameritas Life approved the merger of Acacia Life into Ameritas Life. Union Central Life and Acacia Life are wholly owned subsidiaries of Ameritas Life. Both mergers will be effective July 1, 2014, subject to approval of insurance regulatory agencies. Ameritas’ presence in New York will continue to be represented by Ameritas Life Insurance Corp. of New York.
Commenting on the announcement, Ameritas President, Chair and CEO JoAnn Martin said, “These actions were undertaken to create greater efficiency within our operations and simplify our business model, while reducing the complexity of the organizational structure that supports our insurance businesses.”
Ameritas Life Insurance Corp. and its affiliated companies offer a wide range of insurance and financial products and services to individuals, families and businesses. These products and services include life insurance; annuities; individual disability income insurance; group dental, vision and hearing care insurance; retirement plans; investments; mutual funds; asset management and public finance. For more information, visit ameritas.com.
Scott Stuckey, vice president – corporate communications