Five Secrets About Continental Life Insurance Company Of Brentwood Tennessee That Has Never Been Revealed For The Past 50 Years

Diposting oleh Admin on Selasa, 19 Desember 2017

Continental Life Insurance Company Of Brentwood Tennessee

Hartford bloom insurer Aetna appear Monday that it has accomplished to an acceding to access the Medicare supplement business of Genworth Financial Inc.

Image Source: slideplayer.com

Aetna will pay $290 actor to access 100 percent of the banal of Continental Life Insurance Company of Brentwood, Tennessee , and reinsure assertive accompanying blocks of in-force business.

Aetna said it expects to accounts the accretion with accessible resources.

Image Source: medicareinsurancetexas.com

The accord will add 145,000 Medicare Supplement associates to Aetna's roster.

"By accepting this business, Aetna will decidedly aggrandize its brand in the Medicare Supplement business," said Mark T. Bertolini, Aetna's chairman, CEO and president. "This important advance befalling comes at a time back the Medicare citizenry is advancing to access as 'Baby Boomers' ability age 65. Medicare Supplement is accepted to be a fast-growing artefact in the advancing years as individuals seek accord of apperception for abroad costs and administration attending for added retiree coverages."

Image Source: slidesharecdn.com

The transaction will be advised as an asset acquirement for tax purposes and is accountable to accepted closing conditions, including federal Hart-Scott-Rodino antitrust and accompaniment authoritative approvals. The transaction is accepted to abutting during the fourth division of 2011, and is projected to be aloof to Aetna's balance in 2012 and abundantly accretive thereafter.

Medicare Supplement articles awning deductibles, co-pays and added costs not covered beneath Medicare Parts A and B. CLI additionally offers accessory articles such as Accident & Bloom and Final Expense coverages. The business actuality acquired had about $317 actor in net becoming exceptional for 2010.