Request Legal Help Now - Free


Sun Life Attempted to Purchase Unum Group

. By
New York, NYCanadian firm Sun Life Financial Inc. reportedly attempted to buy Unum Group earlier this year, but talks between the two companies did not reach an agreement, a source told the Wall Street Journal recently.

According to the news provider, the negotiations between the two companies fell apart in January because the two sides could not reach an agreement on terms. Unum, which is based in Tennessee, is not up for sale anymore, but would consider it if approached by another company, the news source said.

Sun Life, which is based in Toronto, has reportedly looked into acquiring US firms for a number of years, but has generally decided to not pursue deals, sources told the Journal. Analysts say that Sun Life was able to endure the financial crisis better than many insurance groups.

Unum is one of the major vendors of disability insurance to employer benefit programs in the country, according to the news source.

Previously, Unum has been subjected to lawsuits, including one case in which a Pennsylvania woman suffering from brain injuries claimed the company declined to give her long-term disability benefits, according to the Tribune-Democrat.


Unum Legal Help

If you or a loved one have suffered losses in this case, please click the link below and your complaint will be sent to an insurance lawyer who may evaluate your Unum claim at no cost or obligation.


Fields marked * are mandatory. Please read our comment guidelines before posting.


Note: Your name will be published with your comment.

*Email Address:

Your email will only be used if a response is needed.
*Your Comment:

Are you the defendant or a subject matter expert on this topic with an opposing viewpoint? We'd love to hear your comments here as well, or if you'd like to contact us for an interview please submit your details here.

Click to learn more about

Request Legal Help Now! - Free