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StanCorp's Parent Agrees to Buy Legal & General's U.S. Term Life Business
By
Allison Bell
News February 12, 2025 at 10:56 AM
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What You Need To Know
- Meiji Yasuda previously bought StanCorp and the Elevance group insurance businesses.
- Legal & General prefers to sell big annuities that employers can use to manage pension risk.
- Meiji Yasuda sees the individual term life market as attractive and as less cyclical than the group life market.
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