News from the companies of ManhattanLife
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 Manhattan Life Insurance Company (MLIC) today announced the introduction of a new Multi-Year Guaranteed Fixed annuity product line. The Preferred Choice Series is a single-premium deferred annuity line offering guaranteed periods of three, five, six, and seven years.
The Manhattan Insurance Group of companies announced today that Central United Life Insurance Company (CUL) has acquired Western United Life Assurance Company (WULA). The acquisition gives the privately held insurance company, based in Houston and a leading provider of Life, Accident, Cancer and Limited Benefit health insurance, access to the short- to mid-term annuity market.
Central United Life Insurance Company has been named a 2012 Ward’s Top 50 performing life and health insurer. Each year, the Ward Group analyzes 800 life and health insurers based on performance benchmarks. To make the top 50, an insurer must demonstrate superior performance, including a measured ability to grow and maintain financial stability, over a five-year period (2007 - 2011).
In June, the Supreme Court upheld the 2010 health care law, the Patient Protection and Affordable Care Act (PPACA). Employers, employees, insurance agents, and insurance carriers had been anticipating how the ruling might have an impact on a wide array of areas ranging from premium impact to plan design changes, which may take until 2014 to take effect.