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CUNA Mutual Group to Acquire Assurant s Global Prearranged Funeral and Final Expense Business
Acquisition Will Expand Company s Middle Market Consumer Reach
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MADISON, Wis., March 9, 2021 /PRNewswire/ CUNA Mutual Group, a broad financial services provider, today announced it has entered into a definitive agreement to acquire Assurant s prearranged funeral insurance and final expense business in the U.S. and Canada, serving more than 2 million consumers – for approximately $1.3 billion. This investment will enhance CUNA Mutual Group s ability to help ensure middle market consumers have access to solutions that help build financial stability.
Prearranged funeral insurance, also known as preneed, and senior lifestyle protection solutions are designed to help ease the emotional and financial burdens of consumers and their families related to planning for the later chapters of life. Acquiring Assurant s best-in-class pre
Assurant to Sell Global Preneed to CUNA Mutual Group for $1 3 Billion
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