First Rehab Life (The First Rehabilitation Life Insurance Company of America), a growing New York domiciled insurer and issuer of the largest number of statutory Disability (DBL) policies in New York State, has acquired J.M.I.C. Life Insurance Company (J.M.I.C.). Florida domiciled J.M.I.C is licensed in 48 states and territories.
“We are pleased to add J.M.I.C. to our organization,” states Richard White, CEO of First Rehab Life. “This acquisition represents a key investment in our growth plans and our commitment to a national presence in the insurance marketplace. We are excited to start rolling out our unique, super-simple employee benefits products across the country.”
First Rehab Life is headquartered in Great Neck, NY, and licensed in 16 states. The company was founded in 1972. The company holds the strong rating of A- by A.M. Best and Standard & Poor’s. As a leader in the NY statutory disability market, First Rehab Life writes ancillary employee benefits (Vision, Dental, Hospital Cash, Short- and Long-Term Disability, Term Life) exclusively through a network of more than 5,000 independent insurance producers (brokers and agents). First Rehab Life currently insures more than 130,000 employers. Visit www.firstrehab.com for details.
This press release contains forward-looking statements and information – that is, statements related to future, not past, events. Such statements are based on the current expectations and certain assumptions of the management of First Rehab Life, and are, therefore, subject to certain risks and uncertainties. A variety of factors, many of which are beyond their control, affect their operations, performance, business strategy and results and could cause the actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Risks may include, but are not limited to uncertainties in connection with: disposing of business activities, certain strategic reorientation measures; the performance of its equity interests and strategic alliances; the challenge of integrating major acquisitions, implementing joint ventures and other significant portfolio measures; the introduction of competing products or technologies by other companies or market entries by new competitors; changing competitive dynamics; the risk that new products or services will not be accepted by customers targeted by First Rehab Life and its subsidiaries; changes in business strategy; its relationships with governmental bodies and customers; developments in the health care market, legislation, and regulation; changes to the independent insurance broker/agent industry; approvals of the New York State Insurance Department and Insurance Departments of other states; and various other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the relevant forward-looking statement as expected, anticipated, intended, planned, believed, sought, estimated or projected. First Rehab Life neither intends to, nor assumes any obligation to, update or revise these forward-looking statements in light of developments which differ from those anticipated.