Crestline, a credit focused institutional asset manager, has announced the acquisition of a life insurance company established in 1978 and licensed in multiple states, which will now operate as CL Life and Annuity Insurance Company (CL Life).
Through this “strategic” acquisition, Crestline enters the direct annuity insurance market.
CL Life will provide insurance products to independent agents through tax-deferred fixed annuities, which offer lifetime income options and penalty-free withdrawals.
The CL Sundance Annuity is a single premium deferred annuity with the choice of a 2-, 3-, 5- or 7-year interest rate guarantee period. It is designed to align with the specific needs of its policyholder’s financial plans, Crestline explained.
Doug Bratton, Founding Partner, CEO and Co-CIO of Crestline, commented: “Through this strategic acquisition, we are excited to be partnering with an established insurance and annuity team with deep industry expertise and a strong background in delivering high-quality, competitive products for policyholders.
“Rick Hodgdon, President and Head of Insurance Business at CL Life is an industry-veteran with over four decades of experience successfully building and scaling profitable insurance and reinsurance businesses.
“We look forward to working with Rick and his experienced team on seeking to deliver annuity products that meet the financial goals of our clients and offer strong returns for policyholders.”
Rick Hodgdon said: “Crestline’s disciplined and strategic support will enable CL Life to effectively capitalise on our growth strategy and offer policy holders competitive annuity products with a disciplined investment program to ultimately help them reach their financial goals.”
Crestline enters insurance market through “strategic” acquisition & Latest News Update
Crestline enters insurance market through “strategic” acquisition & More Live News
All this news that I have made and shared for you people, you will like it very much and in it we keep bringing topics for you people like every time so that you keep getting news information like trending topics and you It is our goal to be able to get
all kinds of news without going through us so that we can reach you the latest and best news for free so that you can move ahead further by getting the information of that news together with you. Later on, we will continue
to give information about more today world news update types of latest news through posts on our website so that you always keep moving forward in that news and whatever kind of information will be there, it will definitely be conveyed to you people.
Crestline enters insurance market through “strategic” acquisition & More News Today
All this news that I have brought up to you or will be the most different and best news that you people are not going to get anywhere, along with the information Trending News, Breaking News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, World News of this made available to all of you so that you are always connected with the news, stay ahead in the matter and keep getting today news all types of news for free till today so that you can get the news by getting it. Always take two steps forward
Credit Goes To News Website – This Original Content Owner News Website . This Is Not My Content So If You Want To Read Original Content You Can Follow Below Links