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Buying Life Insurance? The Industry Is Being Transformed. What You Need to Know.

·4 min read
Buying Life Insurance? The Industry Is Being Transformed. What You Need to Know.

A growing number of U.S. life insurers—small, midsize and some of the industry’s biggest household names—have sold or announced they will sell their U.S. consumer life-insurance and annuity businesses. Most are selling to a nontraditional type of owner: private-equity firms, asset managers, hedge funds and other investment entities. Q: What does it mean for a policyholder when the insurance company, or a block of policies, is sold?