Most policyholders never think about it. But in our work, we’ve seen a troubling pattern:

When insurers merge, the deal is often about annuities, retirement products, or asset management — not life insurance.

Older life insurance policies become “closed blocks” and are treated as an afterthought.

New management may push harder on costs, lower crediting rates, or reduce dividends.

Service can decline as attention shifts to the “new core business.”

For families who have faithfully paid premiums for decades, this can mean shock lapses, collapsing cash values, and broken promises.