Woman’s Life Insurance Society to Merge with Trusted Fraternal Life: Trusted Fraternal Life

2024 APR 30 (NewsRx) -- By a News Reporter-Staff News Editor at Mergers & Acquisitions Daily News -- Trusted Fraternal Life is thrilled to announce Woman’s Life Insurance Society, headquartered in Port Huron, Michigan, is the first fraternal to declare its intent to join the organization and help build the NextGen fraternal benefit society.

The announcement is a milestone in Trusted Fraternal Life’s journey toward being the innovative leader in fraternal partnerships and consolidation.

“The pending merger of Woman’s Life with Trusted Fraternal Life marks an exciting moment as we continue to redefine the future of fraternal life insurers,” said President and CEO of Trusted Fraternal Life John Borgen. “This action demonstrates our commitment to foster innovation and growth within the fraternal life insurance sector, serve more middle-market ‘Main Street’ families, and make an even greater community impact across the country.”

Woman’s Life has about $200 million of assets and 23,000 members throughout the country (principally in the Great Lake’s region). Those members are organized into 70 chapters who engage in local community outreach. The Woman’s Life mission will continue as a brand of Trusted Fraternal Life.

“Woman’s Life is merging with one of the strongest fraternals in the United States,” said Woman’s Life National President Chris Martin. “We’ll have access to more products and services, advanced technology, and expanded distribution throughout the country. This is good for our existing members and future members who will join Trusted Fraternal Life under the Woman’s Life brand.”

Both fraternals are working toward a July 1, 2024 merger effective date, pending regulatory approval.

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