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Prosperity Life Insurance Group, LLC, has completed its acquisition of SBLI USA Life Insurance Company, Inc., through a sponsored demutualization.

“We are excited to complete this acquisition and support the growth and success of SBLI USA, which has a rich history in the New York insurance marketplace,” said Anurag Chandra, the chief executive officer of Prosperity.  “For over 75 years, SBLI USA has served New York customers by offering affordable life insurance policies.  We will leverage our financial strength and operational expertise to help SBLI USA resume issuing policies and return to prominence in the New York insurance market.”

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