Lincoln Financial Insurance Company to Buy Liberty Life Disability Insurance and Group Benefits Division
On January 19, 2018, Lincoln Financial Group announced that they are buying Liberty Life / Liberty Mutual’s Group Benefits business for $3.3 billion. Lincoln claims that the combined company would be the number one seller of Disability sales with a 14 percent market share. As disability insurance attorneys that have handled hundreds of claims with both Liberty and Lincoln we think that this merger is a good thing for disability claimants and existing policy holders. Existing Liberty Mutual policy holders will be subject to additional scrutiny once Lincoln takes over and should be extra cautious in the handling of their claims. There will be internal changes at Lincoln to manage the additional claims and it is unknown if the Liberty Mutual claims examiners will be retained by Lincoln.
Disability Insurance Attorneys Dell & Schaefer will continue to monitor this recent merger and provide further updates on the claim handling activities of Lincoln. Our disability attorneys are available to provide a free initial phone consultation to discuss your long term disability claim and we represent claimants nationwide.
The official press release from Lincoln Financial can be viewed by clicking here.