Lafayette Life Insurance Leaving Indiana
During these tough economic times, no one likes to hear about transfers and layoffs. More and more life insurance companies are taking a closer look at what their financial needs truly are and they are searching for ways to cut costs. Lafayette Life Insurance is not alone, and after 105 years in Indiana they are moving to Ohio.
Approximately one third of the 159 employees have accepted transfers to the new offices according to the article "Lafayette Life is Moving Operations to Cincinnati" found on IndyStar.com. The transfers are being made to the new offices in their Cincinnati headquarters of the parent company, Western & Southern Financial Group which purchased Lafayette back in 2005.
Lafayette plans on keeping their company name and they will continue their focus on quality annuities and life insurance products. Not only will Ohio life insurance reap the benefits of a quality company, but existing customers can rely on receiving the same excellent customer service Lafayette has worked so hard to achieve. They will maintain competitive life insurance quotes and work just as diligently in the new offices to maintain their relationships.
With over 90,000 policies already in place, Lafayette Life Insurance is not going anywhere. They offer policies and annuities in 48 states and want policyholders to see no change to their level of service. Executives hope this move will encourage the company to grow in the future and offer even more benefits to their customers. A notification went out from the Indiana Department of Workforce Development confirming that the layoffs are permanent and will begin by June 1.