Frequently Asked Questions about the sale of Hodge Life Assurance Company (HLAC) to Reinsurance Group of America (RGA)
Hodge are selling HLAC to RGA (subject to regulatory approval). RGA is a leader in the global life reinsurance industry with over USD 3.5 trillion of life reinsurance in force and assets of USD 76.7 billion at year end 2019.
Hodge will continue to provide servicing to our existing customers in the short term and where this changes we will inform our customers directly of the change and who to contact. We will be providing up to date information on this as soon as we have it.
We have taken the decision to simplify our Group and to enable us to continue growing in specialist lending and savings going forward.
We went through a robust process and we have considered all stakeholders in reaching our decision to sell to RGA.
In the short term Hodge will continue to manage all queries as it does today. We will transfer servicing in the future but we will provide communication to our customers before the transfer happens.
If you have any additional questions regarding the sale of Hodge Life Assurance Company (HLAC) to RGA please contact us on 0800 028 3746.
FAQs for Annuity Customers
There are no immediate changes that will affect our annuity customers. Any future changes will be seamless from a customer point of view and customers wil not have to do anything as a result of the transaction.
No changes will happen in the short term, you can contact us as normal. We will write to you well in advance of any contact details being changed.
Yes. RGA is a leader in the global life reinsurance industry with over USD 3.5 trillion of life reinsurance in force and assets of USD 76.7 billion at year end 2019. RGA provides a stong, stable home for HLAC’s policyholders.
No, your FSCS coverage will remain unaffected.
No. Nothing in the transaction will affect the tax status of your annuity. You will continue to receive P60s as normal.
While HLAC is going to close to new business, we will provide a sufficient amount of time for existing quotes and applications to complete.