SALT LAKE CITY, Utah–(BUSINESS WIRE)–Equitable Life & Casualty Insurance coverage Firm, a number one supplier of fastened and glued listed annuities, introduced in the present day that it is going to be altering its company title to SILAC Insurance coverage Firm. SILAC Insurance coverage Firm will proceed to function in its present construction and there was no change in possession and workers. The primary operational facility will stay in Salt Lake Metropolis, UT. Among the many different adjustments will probably be its brand, tagline and area title (www.SILACins.com).
The Firm was based in 1935 by the Ross household and has used the title “Equitable Life & Casualty Insurance Company” for 85 years, attaining firm, product and repair recognition in the US. Brokers, clients, distributors, and companions will discover no change within the competitiveness of merchandise or greatest in school companies provided. “We will continue developing innovative and transparent fixed annuity products that provide exceptional value for consumers and distribution partners. We will also continue with our commitment to invest in technology that will allow us to continually improve our service standards,” mentioned Dan Acker, President of SILAC Insurance coverage Firm. Together with the title change, SILAC Insurance coverage Firm will align with the brand new SILAC model identification, and enterprise actions sooner or later will probably be performed underneath the brand new title.
“We are at a defining moment in our company’s history. The rebrand will allow us to better position the Company to continue to be a leading fixed annuity insurance carrier. Our new company name not only embraces our history and roots but also emphasizes our commitment to excellence to provide the best products and services in the life and annuity market,” mentioned Steve Hilbert, CEO of SILAC Insurance coverage Firm.
The transition to the brand new title will probably be accomplished by January 01, 2021 and will probably be carried out throughout the Firm’s services and products by way of the calendar 12 months 2020.
About SILAC Insurance coverage Firm
SILAC Insurance coverage Firm (the brand new look of Equitable Life & Casualty Insurance coverage Firm) was established in 1935. The corporate is Utah’s oldest lively life insurance coverage firm and among the many state’s largest insurers. Licensed in 47 states and the District of Columbia, they’ve centered on assembly the life and medical health insurance wants of seniors for many years. Since coming into the annuity market in 2018, they’ve grown their annuity product line and premium income to over $2 billion in annual gross sales. For extra data, please go to www.SILACins.com.