Home Life insurance Business Men’s Assurance bought by Liberty Life Business Men’s Assurance bought by Liberty Life Written by: Michelle Megna Michelle Megna Michelle, the former editorial director, insurance, at QuinStreet, is a writer, editor and expert on car insurance and personal finance. Prior to joining QuinStreet, she reported and edited articles on technology, lifestyle, education and government for magazines, websites and major newspapers, including the New York Daily News. | Reviewed by: Penny Gusner Penny Gusner Penny is an expert on insurance procedures, rates, policies and claims. She has extensive knowledge of all major insurance lines -- auto, homeowners, life and health insurance. She has been answering consumers’ questions as an analyst for more than 15 years and has been featured in numerous major media outlets, including the Washington Post and Kiplinger’s. | Posted on December 7, 2009 Why you should trust Insure.com Quality Verified At Insure.com, we are committed to providing honest and reliable information so that you can make the best financial decisions for you and your family. All of our content is written and reviewed by industry professionals and insurance experts. We maintain strict editorial independence from insurance companies to maintain editorial integrity, so our recommendations are unbiased and are based on a comprehensive list of criteria. Business Men’s Assurance Co. of America (BMA), previously owned by Italian insurance giant Generali, has been purchased by Royal Bank of Canada (RBC) through its South Carolina-based Libery Life Insurance Co. for $220 million. BMA, which is based in Missouri, says the company’s 150,000 life insurance policy and annuity holders should feel no impact from the sale. BMA’s mutual fund management company, Jones & Babson Inc., with $1.5 billion in assets under management, is to be acquired by RBC Dain Rauscher. Generali will retain the life reinsurance division of BMA, which will be spun off into a stand-alone company. The transaction, which is subject to approvals by regulators in Canada and the U.S. and by the boards of directors and shareholders of BMA and Jones & Babson, is expected to close by the end of August 2002. Related Articles Life insurance basics More life insurance stories × Get Free Life Insurance Quotes Today! Zip Code Please enter valid zip Age Age 16 – 20 21 – 24 25 – 34 35 – 44 45 – 54 55 – 64 65+ Coverage Amount Coverage Amount $50,000 – $100,000 $100,000 – $200,000 $200,000 – $300,000 $400,000 – $500,000 $500,000 – $1,000,000 $1,000,000 – $2,000,000 $2,000,000 – $5,000,000 $5,000,000+ Coverage Type Coverage Type Whole Life Term Life Final Expense Not Sure Gender Gender Male Female Non-Binary Tobacco Use Yes No Compare Quotes Michelle MegnaContributor  . .Michelle, the former editorial director, insurance, at QuinStreet, is a writer, editor and expert on car insurance and personal finance. Prior to joining QuinStreet, she reported and edited articles on technology, lifestyle, education and government for magazines, websites and major newspapers, including the New York Daily News. QuickTake Should you insure your body parts? The biggest lies told on life insurance applications What is an MIB report? Life insurance sales plummet despite the need for it High school reunion shocker: They’re dying off! Social Security Administration limits access to death records Unclaimed Life Insurance: Impact on Beneficiaries and Insurance Industry Murdered for life insurance money! Dangerous countries that will trip up your life insurance quotes Page 2: What demutualization means for policyholders Getting a divorce changes your insurance needs Bankrupt PennCorp sells off insurance companies See more > Related Articles What happens if you outlive your term life insurance? By Shivani Gite What is indexed universal life insurance? By Shivani Gite Savings+ By Wysh 2023 Review: A High-Yield Savings + Life Insurance Combo By Insure.com What is final expense insurance and how does it work? By Desiree Ghazi Types of life insurance By Huma Naeem The different types of term life insurance policies explained By Nupur Gambhir Get instant quotes now ! Please enter valid zip Get Quotes