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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
January 02, 2004 at 07:00 PM
NU Online News Service, Jan. 2, 2004, 1:23 p.m. EST – Independence Holding Company, Stamford, Conn., says two of its life insurance company subsidiaries, Madison National Life Insurance Company Inc. and Standard Security Life Insurance Company of New York, have acquired blocks of annuities and life policies backed by about $93 million in reserves.[@@]
The names of the sellers were not immediately available.
Independence says it now controls about $900 million in assets.
The company’s Standard Security Life unit sells disability insurance, life insurance and medical stop-loss insurance. The Madison National Life unit sells credit life insurance as well as life insurance and disability insurance.
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