Union Central Life Insurance Company was founded in

Cincinnati, Ohio Cincinnati ( ; colloquially nicknamed Cincy) is a city in Hamilton County, Ohio, United States, and its county seat. Settled in 1788, the city is located on the northern side of the confluence of the Licking River (Kentucky), Licking and Ohio Ri ...

, in 1867. It was established as a

mutual insurance A mutual insurance company is an insurance company owned entirely by its policyholders. It is a form of consumers' co-operative. Any profits earned by a mutual insurance company are either retained within the company or rebated to policyholders ...

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 Harri ...

, founder of

Harris Bank BMO Bank, N.A. (colloquially BMO; ) is a U.S. national bank headquartered in Chicago, Illinois. It is a subsidiary of the Canadian multinational investment bank and financial services company Bank of Montreal, which owns it through the holding ...

. 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 protect ...

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 of the United States 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