Mr. Chandler: UnumProvident, for those less familiar, is a company that was formed in June 1999 with the merger of Provident Companies, Inc., and UNUM Corporation. Both of these are 100 year old plus insurance companies and, in fact, the merging of these companies followed the merger of Provident with the Paul Revere Insurance Company in March 1997. So in a span of roughly 27 months, we saw the three leading disability insurance companies come together to form one new enterprise.
TWST: What's the mix of business today?
Mr. Chandler: The mix of business is predominantly disability insurance
and related coverages that would include life insurance, particularly
group life sold through the employer, as well as what is referred to as
voluntary benefits, where you have employee paid products being sold
where they work. They supplement the employer paid products by allowing
employees through payroll deduction to buy supplemental disability, life
insurance and, in some cases, other dread disease type coverages.
Tickers included in this excerpt: UNM
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