Universal Life shareholders vote to sell their insurance policy in Texas
The shareholders of Universal Life Insurance Co., one of the nation’s largest and oldest African-American-owned insurance companies, a plan approved Friday, could pump $ 12 million in business but eventually maroden cost about 100 local jobs.
“I think we have something positive,” said Universal Life President Benjamin L. after connecting 2 hours, general meeting.
A hook shareholders said an agreement for the sale of the business excellence 300000 insurance policies based in Houston American Insurance Co. Capitol for $ 10 million to $ 12 million.
Universal life is also pursue the policy under a contract with Capitol American insurance for a period of six months, said the hook.
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