Great-West Life & Annuity Company Description
Great-West Life & Annuity Insurance is the southern arm of a northern parent. The company, a subsidiary of Canada's Great-West Lifeco and a member of the Power Financial family, represents the Great-West group's primary US operations. The company's Financial Services segment offers life insurance and annuities to individuals and, under the Great-West Retirement Services brand, administers employer-sponsored retirement products, including defined-benefit and 401(k) plans. In 2008 the company sold its Healthcare division to CIGNA for $1.5 billion; the segment offered group life and medical insurance products to US businesses, with an emphasis on self-funded programs for small and midsized employers.
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The Company Description provides a historical perspective of Great-West Life & Annuity's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Great-West Life & Annuity's evolution in the marketplace.
