In that process, Acacia Life became a stock life insurance company wholly owned by its parent holding company.
Ameritas Life Insurance Corp. merged with Acacia Mutual Holding Company[1] in 1999.
Union Central Life was originally established as a mutual life insurance company in 1867 and had formed its own mutual insurance holding company in 2005.
[2] In 2006, The Ameritas Acacia Cos. merged with Union Central Life Insurance of Lincoln.
In 2014, Union Central, still part of Ameritas, was being sued for allegedly overlooking an agent's ponzi scheme.