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Summit Life Agrees To Acquire Security General

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NU Online News Service, Jan. 30, 12:48 p.m. – Summit Life Corp., Del City, Okla., has agreed to acquire Security General Life Insurance Company, Oklahoma City, a life insurer with authority to operate in 27 states.

The price of the deal and other terms were not available.

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Summit Life wants to combine Security General with a life insurance company it already owns, Great Midwest Life Insurance. The combined company will start out doing business in 20 of the states where Security General has operating authority, Summit Life says.