Western & Southern Financial Group announced today that it is allowing life insurance policyholders affected by the government shutdown to delay their premium payments.
“We pride ourselves on being a human institution serving human needs,” said John F. Barrett, chairman, president and chief executive officer of Western & Southern. “And today some of our policyholders, who have gone without pay for several weeks, may be in need of our assistance. Therefore, we are trying to help ease their burden by allowing them to delay payment of life insurance premiums for a period of time without fear of their policies lapsing.”
This decision will apply to affected policyholders from any of Western & Southern’s seven life insurance member companies: The Western and Southern Life Insurance Company, Western-Southern Life Assurance Company, Columbus Life Insurance Company, Gerber Life Insurance Company, Integrity Life Insurance Company, The Lafayette Life Insurance Company and National Integrity Life Insurance Company.
Affected policyholders are encouraged to contact their respective insurance company for assistance. Payment of delayed premiums will be required within 30 days after the government shutdown ends.
About Western & Southern Financial Group
Founded in Cincinnati in 1888 as The Western and Southern Life Insurance Company, Western & Southern Financial Group, Inc. (Western & Southern), a Fortune 500 company, is now the parent company of a group of diversified financial services businesses. Its assets owned ($48 billion) and managed ($27 billion) totaled $75 billion as of Sept. 30, 2018. Western & Southern is one of the strongest life insurance groups in the world. Its seven life insurance subsidiaries (The Western and Southern Life Insurance Company, Western-Southern Life Assurance Company, Columbus Life Insurance Company, Gerber Life Insurance Company, Integrity Life Insurance Company, The Lafayette Life Insurance Company and National Integrity Life Insurance Company) maintain very strong financial ratings. Other member companies include Eagle Realty Group, LLC; Fort Washington Investment Advisors, Inc.;1 IFS Financial Services, Inc.; Touchstone Advisors, Inc.;1 Touchstone Securities, Inc.;2 W&S Brokerage Services, Inc.;2 and W&S Financial Group Distributors, Inc. Western & Southern is the title sponsor of six major community events every year, including the Western & Southern Open, a premier event in the U.S. Open Series played each August by the world’s top-ranked professional male and female tennis players.
1 A registered investment advisor.