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Article: American Heritage Life announces acquisition of block of Ordinary Life Business. (American Heritage Life Investment Corp., American Heritage Life Insurance Co.)
- Article from:
- PR Newswire
- Article date:
- November 5, 1990
CopyrightCOPYRIGHT 1990 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AMERICAN HERITAGE LIFE ANNOUNCES ACQUISITION OF BLOCK
OF ORDINARY LIFE BUSINESS
JACKSONVILLE, Fla., Nov. 5 /PRNewswire/ -- American Heritage Life Investment Corporation (NYSE: AHL) and American Heritage Life Insurance Company announced the acquisition of a block of Ordinary Life Business from Pacific Fidelity Life Insurance Company of California.
The premiums purchased amount to $13,800,000 annually. The insurance volume in force amounts to $243,000,000; and the assets of the company are increased by $109,000,000. This will bring the assets of American Heritage Life Investment Corporation to approximately $750,000,000.
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