Reassure America Life Insurance Company
Reassure America Life Insurance Company
Jackson National Life Insurance Company today announced that it has entered into an agreement to acquire Reassure America Life Insurance Company from Swiss Re. and will pay $621 million in cash for the business, subject to adjustment by earnings before interest tax EBIT to reflect the value of the business at closing. The purchase will be financed entirely from internal Jackson resources. Reassure America will retain a portion of the SRLC business through reinsurance arrangements to be undertaken prior to completeing the transaction. The transaction is subject to regulatory approval and is expected to close in the third quarter of 2012.
On December 31, 2012 Reassure America Life Insurance Company (Reassure) was acquired by and merged into Jackson National Life Insurance Company (Jackson). All long term disability insurance and life insurance formerly handled by Reassure will now be handled by Jackson. Throughout 2013 Jackson National Life sent notice to all reassure life disability policy holders informing them of the new ownership. It is unusual that Jackson National Life purchased Reassure, as Jackson has little to no experience in the disability insurance business. It is likely that the employees of reassure life insurance will continue to manage and administer the long term life disability insurance claims for Jackson. The merger between Jackson and Reassure should not have a negative affect on any Reassure policy holders. Jackson does not have a track record of handling disability insurance claims so we will need to see what happens over the next few years.
Disability claimants are often seeking information regarding Reassure America long term disability reviews. We have created a forum where insurers can post reviews and comments about Reassure America short term and long term disability claims. Our attorneys respond to most comments posted by our visitors.
As disability insurance attorneys, Dell Schaefer have represented numerous clients with their long-term disability claims against Reassure America and its affiliated companies. Disability Attorneys Dell Schaefer have provided and offer the following legal services for disability claimants that have a long-term disability insurance policy or disability income policy purchased from Reassure America:
-Application for long-term disability benefits with reassurance life insurance
-Monthly claim handling of Reassure America life insurance policies claims
-Appeal of a Reassure America denial of long-term disability benefits
-ERISA appeal of an Reassure America denial of long-term disability benefits
-Lawsuit against Reassure America for denial of any insurance benefits
Lump-sum buyout of a reassure america life insurance company long-term disability insurance policy
Department of Insurance complaints against Reassure America for wrongful delay and denial of disability benefits
Call us for a free consultation to discuss your claim for disability benefits with Jackson National Life Insurance Company.
reassure america life insurance phone number 1-877-627-3618
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SRLC is a reassured life insurance business that sits within the US division of Swiss Re’s Admin Re®. The primary operating subsidiary of SRLC is Reassure America Life Insurance Company (REALIC), which, since 1995, has completed a significant number of stock acquisitions and reinsurance arrangements through which it has acquired a diverse portfolio of traditional US life insurance business. The earnings of SRLC are derived from seasoned, long-duration cash flows generated principally from term life, whole life and basic universal life products. Jackson will acquire assets related to Reassure America valued at
approximately $10 billion and approximately 1.5 million insurance and disability policies.
5 comments to Reassure America Life Insurance Company
I have been covered under POLICY NO. XXXXXX for many years, and am wondering if I could be sent a new information packet for my records.
Dallesport, WA 98617
Ref Policy # XXXXXXX
My husband, Byorn had a Life Insurance Policy with your Company. He died August 22, 2010. At the advice of my attorney, I immediately notified you and never got a reply. Six weeks later, when I recieved the Death Certificate, I filed a claim. Three weeks after that you sent a form to be completed by me. I had already sent the policy and a Death Certificate. I sent the completed form and have not heard from you.
Please reply and let me know what is going on. Other Companies have paid long ago.
My mother has had a policy with RALIC for many years, I am her POA, recently as POA I requested a loan application so we could reduce the amount of the cash value of her policy to satisfy Medicade regulations. I received the forms in the mail and filled them out according to the instruction sheet that came with them. RALIC has a notorized copy of my POA. About a week later I receivd a letter saying that the request had to be notorized because the form was filled out by the POA (me), NO where in the instructions does it say that it must be notorized , which they agree that it does not, but they will not process the loan until I send a new aplication back that is notorized even though it was not mentioned on the instruction form. My Mother has stage 6 Alziemers and can no longer sign, thats why I am POA, I have talked until I am blue in the face and worn out to several levels of managment at RALIC. They still refuse to process the loan , even though the instructions in the loan are their error. I do not feel that I should have to jump through hoops because of their error, I have my hands full just taking care of my Mom. Guess they don t care.. They have given me no choice but to file complaints against them in MI. IL and IN. This is in process as the post is being written
My wife passed away on October 21 2010 and i have noticed that we were covered by you. The payment is automatically debited from my checking account. I have no policy number and no policy would like to have these sent to me. The address is 510 S. 1st street Oskaloosa, iowa 52577 care of rebeckha koontz.
I have had the same trouble finding Royal Macabees now under Reassure America (which is now also apparently under Swiss RE?) but finally got in touch with an awesome customer service rep. Shannon Cole who gave me the address of their new site: