Close Close

Life Health > Life Insurance

Eastern Wraps Up Sale Of Benefits Unit

Your article was successfully shared with the contacts you provided.

Eastern Insurance Holdings Inc. has completed the sale of its group benefits subsidiary, Eastern Life and Health Insurance Company, to Security Life Insurance Company of America.

Security Life, Minnetonka, Minn., a company that sells dental and vision insurance, paid about $34 million for Eastern Life, according to Eastern, Lancaster, Pa. The payment included a combination of cash and a $1.75 million promissory note.