Assurant Employee Benefits Acquisition
SLPC 28503 7/18 (exp. 7/19)
July 1, 2018 Integration Update
Back in March 2016, Sun Life acquired Assurant Employee Benefits, where today we are the seventh-largest group benefits business in the U.S.1 We have successfully combined the strengths of the two businesses so that our Clients can benefit from our broadened product portfolio, enhanced online capabilities, and continued client service support.
Combined portfolio of products
Starting in July 2017, we began rolling out our new combined portfolio of employee benefits products and services, representing the best offerings from Assurant Employee Benefits and Sun Life under the Sun Life brand.
Enhanced online capabilities
Much work has been occurring behind the scenes to combine our separate quoting, billing, and web platforms. Through conversion, legacy Assurant Employee Benefits Clients will transition over to Sun Life’s benefit administration platform, Sun Life Connect. Legacy Sun Life brokers recently gained access to Online Advantage to view block of business and commissions information.
The final milestone for Clients in our integration efforts is to transition Assurant Employee Benefits in-force policies over to Sun Life contracts. As clients are eligible for conversion, we will reach out to them regarding the opportunity to move to a Sun Life contract with similar provisions and financial strength ratings. This process commenced in the fourth quarter of 2017 and will continue through early 2020.
Continued service support
Sun Life remains Client driven, service oriented, and committed to providing you with the same high-quality service you've come to expect. If you have any questions about our integration efforts, please call Client Services at 800-247-6875.
1. Sun Life Financial’s U.S. group benefits business is the seventh-largest group benefits business (excluding group health care) in the U.S. based on pro forma combined revenue from an internal analysis of publicly available information as of December 31, 2017.
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“Assurant Employee Benefits”, the Assurant name, and related logos are trademarks of Assurant, Inc. and are used under license. Assurant Employee Benefits is the brand name for insurance products underwritten by Union Security Insurance Company (Kansas City, MO) and administered by Sun Life Assurance Company of Canada (SLOC) (Wellesley Hills, MA) and for prepaid dental products provided by prepaid dental companies affiliated with SLOC, in certain states except New York. Prepaid dental companies are Denticare of Alabama, Inc., United Dental Care of Arizona, Inc., UDC Dental California, Inc., United Dental Care of Colorado, Inc., Union Security DentalCare of Georgia, Inc., United Dental Care of Michigan, Inc., United Dental Care of Missouri, Inc., Union Security DentalCare of New Jersey, Inc., United Dental Care of New Mexico, Inc., UDC Ohio, Inc., United Dental Care of Texas, Inc., and United Dental Care of Utah, Inc. In New York, insurance products and prepaid dental products are underwritten or provided by Union Security Life Insurance Company of New York (Fayetteville, NY) and administered by Sun Life and Health Insurance Company (U.S.) (Lansing, MI). Assurant Employee Benefits is the brand name for Group Hospital Confinement Indemnity “Gap” or Supplemental Medical Expense “Gap” insurance underwritten by Fidelity Security Life Insurance Company (Kansas City, MO) and administered by SLOC.