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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
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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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Go deeper on emerging topics, as well as key firms and thought leaders
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
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
December 11, 2006 at 12:40 PM
Manhattan Insurance Group Inc. has agreed to pay about $28 million in cash for Family Life Insurance Company.
Manhattan Insurance, Houston, runs worksite marketing programs in the United States and sells dollar-denominated life insurance in Central America and South America.
Family Life, a unit of Financial Industries Corp., Austin, Texas, sells mortgage protection life insurance.
Family Life had $122 million in assets at the end of the third quarter and $16 million in capital and surplus.
FIC, a seller of individual life insurance, and Manhattan Insurance hope to complete the deal by early 2007, FIC says.
FIC hopes to use some of the deal proceeds to retire about $15 million in debt, the company says.
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