Washington state insurance regulators approved the proposal to consolidate Investors Consolidated Insurance Company with Western United Life Assurance Company (WULA), effective February 25, 2014.
The combined company is named Western United Life Assurance Company and is domiciled in Washington with its home office in Spokane, Washington. As a result of the merger WULA is licensed in 21 additional states, bringing the total to 39. Investors Consolidated was formerly domiciled in New Hampshire.
WULA is a leading provider of multi-year guarantee fixed-income annuities, offering guaranteed periods of three, five, six, and seven years.
“Since our acquisition of WULA in April of 2013, we have seen strong sales performance in their 16-state territory; this helps our expansion as we look to continue marketing our products through carefully selected and supervised agents,” said Dan George, Chief Executive Officer of WULA. “We have traditionally operated in the Life and Health sector and see great opportunities evolving in the Annuity markets.”
The company’s annuity products are distributed through independent personal producing general agents and a select group of marketing partners throughout the United States. For more information and state availability please contact a Regional Sales Director at (800) 247-2045.
WULA is a wholly-owned subsidiary of Houston-based Central United Life. Administration for policies formerly with Investors Consolidated will remain in Houston.