Assurity Life and Security Financial Life Complete Merger

As a diversified insurance and financial services organization, Assurity Life will continue to market disability income, critical illness and life insurance, annuities and specialty insurance plans through its representatives, worksite distribution and direct mail. Pension administration and investment management services are available through Pine Lake Advisors Inc., a company subsidiary. Assurity has approximately 40,000 representatives serving customers nationwide.

“We are pleased with the progress we have made since the process of unifying our two companies under one holding company began,” Henning said. “With the merger of the operating companies, we will be able to more quickly reap the benefits of expense savings, reduce regulatory costs and accelerate the development of more innovative products.”

Henning emphasized that the merger will not affect rights granted to Security Financial Life policyholders, including benefits, values and guarantees, and premiums will not change. Policyholders’ membership and voting rights will remain with the mutual holding company, Assurity Security Group Inc., while their contract rights will remain with the insurance company, Assurity Life.