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We hate to be the bearer of bad news, and we are sending this same email to all our Shenandoah agents. Shenandoah Life has the following information posted on the front page of www.shenlife.com:
To our Valued Policyholders:
Earlier today we announced that the merger with OneAmerica would not take place. Many of you have had questions about our company's next steps.
Below please find a press release issued by the State Corporation Commission this morning.
Also attached is an initial Question and Answer document that should help provide you with some immediate answers.
Both the press release and the Question and Answer document are being posted to our agent website, StarNet, as well as our public website.
Additional information regarding the changes at Shenandoah Life will be provided as soon as possible.
Thank you for your patience.
Sincerely,
Robert W. Clark, FLMI
President and Chief Executive Officer
SCC Named Receiver of Shenandoah Life Insurance Company
Questions and Answers
To our Valued Policyholders:
Earlier today we announced that the merger with OneAmerica would not take place. Many of you have had questions about our company's next steps.
Below please find a press release issued by the State Corporation Commission this morning.
Also attached is an initial Question and Answer document that should help provide you with some immediate answers.
Both the press release and the Question and Answer document are being posted to our agent website, StarNet, as well as our public website.
Additional information regarding the changes at Shenandoah Life will be provided as soon as possible.
Thank you for your patience.
Sincerely,
Robert W. Clark, FLMI
President and Chief Executive Officer
SCC Named Receiver of Shenandoah Life Insurance Company
Questions and Answers