by John Darer CLU ChFC CSSC
A reminder to structured settlement annuitants who are receiving annuity payments from First Colony Life Insurance Company, American Mayflower Life Insurance Company of New York and Federal Home Life, parent Genworth Financial Inc. said it will merge three of its life insurance companies into existing Genworth-named insurance companies, effective Jan. 1, 2007 to simplify its corporate structure. In a statement, the company said:
- First Colony Life Insurance Company and Federal Home Life Insurance Company will merge into Genworth Life and Annuity Insurance Company.
- American Mayflower Life Insurance Company of New York will merge into Genworth Life Insurance Company of New York.
All of the Genworth life companies ceased writing structured settlements earlier this year.
- Structured Settlement Sayonara August 16, 2006
- FIrst Colony and American Mayflower to Merge With Genworth Life Companies July 6, 2006
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