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Great American Life Unveils new Brand as MassMutual Ascend, Business Wire

CINCINNATI--( BUSINESS WIRE )--Great American Life Insurance Company announced today that it will now do business as MassMutual Ascend Life Insurance Company (MassMutual Ascend). The rebrand comes as a result of the company’s acquisition by Massachusetts Mutual Life Insurance Company (MassMutual) in May 2021. The name MassMutual Ascend came about after conducting thorough market research, competitor reviews and extensive working sessions with key stakeholders and brand experts. It reflects the company’s strong history and commitment to success, while allowing the company to build upon the established MassMutual brand that’s already well-known and respected within the industry. “Today marks...

Global Atlantic announces annuity reinsurance transaction with Great American Life Insurance Company, Global Atlantic Financial Group

Global Atlantic announces annuity reinsurance transaction with Great American Life Insurance Company New York, NY — Global Atlantic Financial Group Limited (“Global Atlantic”), a leading U.S.-focused retirement, life insurance and reinsurance company, today announced the execution of a $5.7 billion fixed and fixed-indexed annuity reinsurance transaction with American Financial Group’s affiliate, Great American Life Insurance Company (“Great American”). “We are proud to partner with such a high caliber client in Great American to help them achieve their desired financial and capital management objectives,” said Manu Sareen, who heads Global Atlantic’s Institutional business. “Global...

MassMutual to Acquire Great American Life Insurance Company, Business Wire

SPRINGFIELD, Mass.--( BUSINESS WIRE )--Massachusetts Mutual Life Insurance Company (“MassMutual”) announced today it has entered into a definitive agreement with American Financial Group, Inc. (NYSE:AFG) to purchase its wholly owned subsidiary, Great American Life Insurance Company (“Great American Life”), and other subsidiaries and affiliated entities, which primarily offer traditional fixed and fixed indexed annuity products. The purchase price is $3.5 billion, subject to adjustment at closing. The transaction is expected to close in the second quarter of 2021, subject to regulatory and other necessary approvals. Upon the close of the transaction, Great American Life will operate as an...

North American, Sammons Financial Group

About North American As a leading provider of life insurance and annuities in the United States, North American has fulfilled commitments to our customers since 1886. Families and businesses have trusted North American to be there during their most challenging times and to help prepare them for the good times ahead. North American has helped people for over 130 years through outstanding customer service, competitive insurance and retirement solutions, and a foundation of financial strength. This unwavering commitment helps customers stay focused on the things that matter most to them. Independent ownership keeps the focus on customers North American offers something unusual in the insurance...

COLONIAL AMERICAN LIFE INSURANCE COMPANY, Petitioner v. COMMISSIONER OF INTERNAL REVENUE., Supreme Court, US Law, LII, Legal Information Institute

COLONIAL AMERICAN LIFE INSURANCE COMPANY, Petitioner v. COMMISSIONER OF INTERNAL REVENUE. COLONIAL AMERICAN LIFE INSURANCE COMPANY, Petitioner COMMISSIONER OF INTERNAL REVENUE. Insurance companies commonly enter into reinsurance agreements, whereby the reinsurer pays the primary insurer, or "ceding company," an up-front fee—a "ceding commission"—and agrees to assume the ceding company's liabilities on the reinsured policies in return for the future income generated from the policies and their associated reserve accounts. Under an "assumption" reinsurance agreement, the reinsurer steps into the ceding company's shoes, becoming directly liable to the policyholders and receiving all premiums...

MassMutual Closes $3.5B Great American Life Deal, ThinkAdvisor

Massachusetts Mutual Life Insurance Co. has closed on a $3.5 billion deal for Great American Life Insurance Co. and four Great American Life affiliates. MassMutual already was the seventh biggest U.S. life and annuity issuer, based on net admitted asset figures compiled by Moody’s Investors Service. The Springfield, Massachusetts-based insurer ended 2020 with about $313 billion in net admitted assets, and Great American Life had about $39 billion in assets. Great-American Life is a major issuer of fixed and non-variable indexed annuities, and it makes about half of its annuity sales through banks. What Your Peers Are Reading MassMutual is now the fourth biggest life and annuity issuer. It...

How to get to American Life Insurance Company (Alico) in Bridgetown by Bus

Bus stations near American Life Insurance Company (Alico) in Bridgetown Bus lines to American Life Insurance Company (Alico) in Bridgetown Questions & Answers What are the closest stations to American Life Insurance Company (Alico)? The closest stations to American Life Insurance Company (Alico) are: Reef Road is 317 meters away, 5 min walk. Princess Alice Terminal is 353 meters away, 5 min walk. Which Bus lines stop near American Life Insurance Company (Alico)? How far is the bus stop from American Life Insurance Company (Alico) in Bridgetown? The nearest bus stop to American Life Insurance Company (Alico) in Bridgetown is a 5 min walk away. What’s the nearest bus stop to American...

367: 06-25-02 GENERAL AMERICAN LIFE INSURANCE COMPANY, INC. PAYS UNITED STATES $76 MILLION TO SETTLE ALLEGATIONS IN MEDICARE FRAUD CASE

GENERAL AMERICAN LIFE INSURANCE COMPANY, INC. PAYS UNITED STATES $76 MILLION TO SETTLE ALLEGATIONS IN MEDICARE FRAUD CASE WASHINGTON, D.C.? The Justice Department announced today that the United States settled a lawsuit filed in the United States District Court for the Eastern District of Missouri against General American Life Insurance Company, Inc., which acted as the Medicare Part B carrier in Missouri until December 31, 1998. Under the terms of the settlement, General American will pay the United States $76 million and will refrain from seeking business with Medicare for a five-year period. The lawsuit alleges that General American knowingly provided false information to the Centers...

Life insurance medical exams, Bankrate

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict, this post may contain references to products from our partners. Here’s an explanation for. You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our...

Great American Life Offers Enhanced Index Frontier Annuities in Wake of Unprecedented Market Volatility, PICANTE Today - Hot News Today

New indexed strategies include buffer and international options. CINCINNATI–(BUSINESS WIRE)–Great American Life enhanced its Index Frontier registered index-linked annuities with the addition of three new indexed strategies that provide varying levels of protection against loss: 500 10% Buffer Indexed Strategy iShares MSCI EAFE Conserve Indexed Strategy with 0% Floor iShares MSCI EAFE Growth Indexed Strategy with -10% Floor The Index Frontier annuities give consumers the opportunity to grow their money in rising markets, while providing a level of protection in down markets. The new Buffer strategy, which protects against the first 10% of losses at the end of each one-year term...