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Elevance selling its life and disability business to The Standard

Posted On: Mar. 30, 2023 10:01 AM CST

The Standard Insurance Company will acquire Elevance Health Inc.'s disability, accidental death and dismemberment, absence management and paid family leave businesses, Becker’s Payer Issues reports. According to a March 29 news release, The Standard, a Portland, Oregon-based disability and life insurance and employee benefits provider, will also enter a product distribution partnership with Elevance.