Chicago Fort Dearborn Life Announces Plan to Merge with Member Service Life

Fort Dearborn Life Insurance Company, a subsidiary of Health Care Service Corporation (HCSC), a Mutual Legal Reserve Company, recently announced its intent to merge with Oklahoma-based Member Service Life Insurance Company, also a subsidiary of HCSC.

“This merger will allow us to expand our group life and disability distribution in Oklahoma and utilize Member Service Life products and services to enter the worksite benefits marketplace,” said Larry Newsom, president and CEO of Fort Dearborn Life.

Existing Member Service Life voluntary worksite products, including worksite life, short-term and long-term disability and accident insurance, will continue to be marketed in Oklahoma and Texas by Fort Dearborn Life. The transaction is anticipated to close on October 1, 2006, subject to regulatory approvals.

Fort Dearborn Life identifies itself as a leading provider of employee benefits. The company markets group life, short- and long-term disability, group dental and individual annuity programs.

Source: Fort Dearborn Life Insurance Company