Lincoln Financial Group has announced that it has entered into an agreement to acquire Liberty Life Assurance Company of Boston from Liberty Mutual Insurance Company for $3.3 billion. The acquisition is expected to be completed in the second quarter of 2018. With this acquisition, Lincoln Financial is posed to become number one in combined fully insured disability sales market share in the group benefits area, as well as third in the combined total life and fully insured disability sales market share. It is not yet clear when the full transition will take place, whereby current Liberty Mutual customers will be dealing directly with Lincoln Financial.
Our firm and attorneys have dealt with multiple acquisitions and mergers of major disability insurance carriers such as this one, and are well versed in the impacts such business transactions can potentially have on an individual’s disability insurance policy or ongoing claim for benefits. If you have a disability insurance policy or claim with Lincoln Financial or Liberty Mutual and have any questions concerns about your policy or claim, contact one of our experience attorneys today for a complimentary consultation.