We're not generally in the habit of carrying water for insurance companies, but last week's news about Assurant Health has engendered some confusion. Briefly, Assurant Health is (was?) a subsidiary of a larger company that also owns Assurant Employee Benefits (which sells group non-medical coverage, such as dental and disability).
Unlike its sister company, Assurant Employee Benefits continues to enjoy robust growth and financial stability. According to the carrier:
Unlike its sister company, Assurant Employee Benefits continues to enjoy robust growth and financial stability. According to the carrier:
"Assurant Employee Benefits (AEB) is not exiting the benefits market ... By approaching the sale of Assurant Employee Benefits in this public manner, it allows for us a faster process. The public announcement allows us to be transparent and control the process. We expect to know within a few short months who our new parent company will be."
I've been fortunate to work with some great folks there over the years, and know them to be a solid company. Someday I'll have to tell you about my first death claim with them....
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