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Life Health > Life Insurance

Jefferson Pilot Folds In Canada Life

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NU Online News Service, Dec. 21, 2004, 4:22 p.m. EST

A Greensboro, N.C., company says it has completed integrating a newly acquired benefits business with its existing benefits business.[@@]

The company, Jefferson-Pilot Corp., has been combining the U.S. group life, group disability and group dental operations of The Canada Life Assurance Company with those of Jefferson Pilot Benefit Partners, Omaha, Neb.

Jefferson Pilot Benefit Partners now has an Atlanta service center that can help brokers, employers and policyholders with underwriting and claims payment issues, Jefferson-Pilot says.

Jefferson Pilot announced in January 2004 that it was acquiring the operations from Canada Life’s parent, Great-West Lifeco Inc., Winnipeg, for about $200 million.

Great-West, a unit of Power Corporation of Canada, Montreal, said it was making the deal so that it could invest more capital in its health care and retirement services businesses.


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