Cincinnati Equitable Life Insurance Company
Acted as exclusive advisor to Cincinnati Equitable Life Insurance Company (CELIC) in its announced sale to Global Bankers Insurance Group. CELIC provides life insurance products and related services through the funeral industry, emphasizing the integration of advance funeral planning as an extension of the funeral arrangement service. CELIC has maintained a presence in the preneed insurance marketplace for over a decade and is one of the market leaders in its operating region. Global Bankers Insurance Group is a consortium of insurance and reinsurance companies, focusing on life insurance and annuities. Some of its members include Bankers Life Insurance Company, Colorado Bankers Life Insurance Company, and Southland National Insurance Corporation. Global Bankers’ extensive capital and technological resources will support CELIC’s plans to modernize its policy and service administrative platforms and enhance its product portfolio to better serve its existing and future policyholders.