NU Online News Service, Nov. 2, 2004, 2:22 p.m. EST
Members of 2 Lincoln, Neb., mutual life insurance companies have approved the companies’ plans to merge.[@@]
Executives at the companies, Security Mutual Life Nebraska Holding Company and Lincoln Insurance Group Inc., say completing the proposed “merger of equals” will be good for Lincoln.
“Consolidation continues to reshape our industry,” Lincoln Insurance President Tom Potter, says in a statement about the deal. “By combining 2 strong, locally based holding companies and their predecessor companies?we have chosen to build a significant financial services organization that will remain here in Nebraska.”
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Security Mutual and Lincoln Insurance both sell a variety of life insurance, disability insurance and annuity products.