A company that is focusing on the income protection market has combined 2 life insurance company subsidiaries.

Heritage Union L.L.C. says it has merged Heritage Union Life Insurance Company with Annuity & Life Reassurance America Inc.

Heritage Union bought Annuity & Life Re from Annuity and Life Re (Holdings) Ltd., Hamilton, Bermuda, in 2008.

The combined company will operate under the name Heritage Union Life Insurance Company as an Arizona domestic insurer with licenses in 42 states and the District of Columbia, Heritage Union says.

Heritage Union is the developer of the SalaryShield program. The program protects a family against the risk of an insured wage earner’s death by paying a stream of benefits that will last until the insured would have turned 65, rather than paying a single lump-sum death benefit.