However, in the vast majority of states, life insurance units carry the same meaning with nearly every policy contract. (pocketsense.com)
October 23, 2016 update: China Oceanwide Holdings Group Co. agreed to buy Genworth Financial Inc. for $ 2.7 billion in cash, pledging to help the U.S. firm manage its debt and strengthen life insurance units after it was hurt by higher - than - expected losses tied to long - term care coverage. (termlife2go.com)
In 2012, he sold in rapid succession the brokerage arm to AIG, the individual life insurance unit to Prudential, and the 401 (k) retirement franchise to MassMutual, allowing The Hartford to add $ 1.5 billion in capital. (fortune.com)