StanCorp’s Parent Agrees to Buy Legal & General’s U.S. Term Life Business
February 19, 2025 by Allison Bell
The U.S. individual life market could soon get a new player that really wants to be there.
Meiji Yasuda Life Insurance Co. has agreed to pay Legal & General Group the equivalent of $2.3 billion for a deal that would include the company’s Legal & General America business.
Legal & General America issues policies through Banner Life Insurance Company, which built a digital platform that made the process of term life policies faster.
Originally Posted at Think Advisor on February 12, 2025 by Allison Bell.
Categories: Industry Articles
