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Union Central Life Insurance Company was founded in
Cincinnati, Ohio Cincinnati ( ) is a city in the U.S. state of Ohio and the county seat of Hamilton County. Settled in 1788, the city is located at the northern side of the confluence of the Licking and Ohio rivers, the latter of which marks the state line wi ...
, in 1867. It was established as a
mutual insurance A mutual insurance company is an insurance company owned entirely by its policyholders. Any profits earned by a mutual insurance company are either retained within the company or rebated to policyholders in the form of dividend distributions or ...
company. Among its founders were
Norman Wait Harris Norman Wait Harris (August 15, 1846 – July 15, 1916) was an American banker. He founded Chicago-based N.W. Harris & Co., the predecessor of Harris Bank as well as its affiliate Harris, Forbes & Co. and later Harris, Hall & Co. Biography H ...
, founder of
Harris Bank BMO Harris Bank, N.A. is an American bank based in Chicago, Illinois. It is a member of the Federal Reserve System and operates branches in the states of Illinois, Indiana, Arizona, Missouri, Minnesota, Kansas, Florida, Wisconsin, and California ...
. In 2005, it formed a mutual
insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...
holding company the Union Central Mutual Holding Company and converted the life insurance company to a stock company. On January 1, 2006, that holding company merged with the Ameritas Acacia Mutual Insurance Holding Company to form the UNIFI Mutual Holding Company. Union Central Life merged into Ameritas Life in 2013.


References

{{Authority control Mutual insurance companies of the United States Defunct insurance companies Defunct companies based in Cincinnati American companies established in 1867 Financial services companies established in 1867 Financial services companies disestablished in 2013 1867 establishments in Ohio