Now that we know for sure Lincoln Financial will be acquiring Liberty Mutual’s Liberty Life Assurance Company, is anybody fearful that this whole "nobody will be laid off due to sale" talk is just a smokescreen?
Something tells me that if we all really do get lucky and stay on, that will change within a year. I hope I am proven wrong...
LMB is one of Liberty’s most profitable division, as noted by the VIP payout. We are attractive to LFG because of our success, experience and high profile clients which complements LFG mid size employer book of business. I suspect front line staff and managers are safe - there may be redundancy at more Senior/Exec positions. Rest of 2018 won’t see much change. 2019 is when some cuts could be made or see a change in processes. But, we’re all guaranteed an offer letter with same salary and equivalent position. I’d be more concerned about cuts with Commercial Insurance, overall.
We'll see what happens... Drop in sales is always met with cost cutting - now, are they gonna cut payroll or something else (or both) - we'll have to see that