- On April 5, 2023
- Life and Disability
Anthem’s parent company has sold its life and disability business to The Standard. The companies also will enter into a product distribution partnership. The transaction and partnership bring together two leading
benefit providers with deep expertise in employee benefits administration and a shared
commitment to customer service.
Our companies have a complementary geographic presence and a favorable concentration of business and broker relationships nationwide. Once the transaction closes, The Standard will acquire life, disability, accidental death and dismemberment, absence management, and paid family leave businesses. The transaction will significantly expand the scale and competitive position of The Standard’s employee
benefits business in the United States.
The distribution agreement partners The Standard’s sales team with our medical Sales team, expanding The Standard’s network and bringing a trusted life and disability partner to our customers. We will be working through regulatory approvals and other closing activities for the next several months and expect the transaction
to close in early 2024.
It’s a privilege to serve your clients’ life and disability needs, and we’ll be working closely with The Standard to ensure a smooth transition.
