Nebraska-based Ameritas Life Insurance has entered into an agreement in principle to acquire BNL Financial (BNL), the parent company of Brokers National Life Assurance in Arkansas.
Following the transaction, BNL will operate as a separate subsidiary of Ameritas Life and all current business operations at Brokers National will remain the same.
In addition to its own insurance products, Brokers National also will offer to its brokers group dental, vision and hearing care products through Ameritas Group, a division of Ameritas Life.
Subject to execution of the terms of the agreement and approvals by BNL shareholders and insurance regulators, the transaction is expected to be completed by 31 December 2011.
Ameritas Life Insurance and its affiliated companies provide a wide range of insurance and financial services to customers throughout the US, including life insurance; annuities; group dental, vision and hearing care insurance; retirement plans; investments and public finance.