On December 31, 2011, First SunAmerica Life Insurance Company (FSA) merged into its SunAmerica Financial Group sister company, The United States Life Insurance Company in the City of New York (US Life).
Why did we make this decision? Strength. Combining these two companies simplifies our corporate structure and creates a larger, stronger entity for issuing business in New York. US Life has been keeping promises to American families and businesses for more than 150 years.
We are also using this opportunity to extend the rich history of the Western National brand to our New York customers. Western National has been distributing fixed annuities outside of New York for over 60 years and is a leading distributor of fixed annuities through financial institutions. As part of this initiative, you will begin to see the Western National brand on New York communication materials and online along with the US Life name. The branding will be introduced in a phased manner, culminating in the switch to a revamped website on March 1, 2012.
For our customers, this means business as usual. The merger will not affect contract provisions or values. Your annuity contracts will still be administered by the same experienced, responsive customer service team. After December 31, 2011, US Life will be the issuer of all contracts in the State of New York.
US Life has consistently received some of the highest ratings from independent, nationally recognized insurance company rating agencies. These ratings, coupled with a solid balance sheet, attest to our financial stability and reliability, and indicate that US Life has sufficient resources to meet financial obligations and fulfill contract holder benefits.
Our company has helped thousands of people like you achieve financial security. Through the Western National series of annuities, US Life is a leading provider of tax-deferred fixed annuities in New York, providing customers with products and services they need and deserve.
Across the decades, it has been our privilege to serve you. While we are making changes in our structure, we remain committed to serve you, and that will never change.
The Western National series of annuities is issued and underwritten in New York by The United States Life Insurance Company in the City of New York and in all other states by Western National Life Insurance Company.
The Western National series of annuities is issued in New York by The United States Life Insurance Company in the City of New York and in all other states by Western National Life Insurance Company.