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What is the impact of the merger between National Western and Prosperity Life?National Western Life Group, Inc. (National Western) and Prosperity Life Group (Prosperity life) have announced a groundbreaking $1.9 billion cash merger agreement.The merger between these life insurance companies marks a significant milestone in the expansion of their insurance business.The merger is funded through internal sources, a capital commitment from affiliates of Elliott Investment Management L.P., and additional borrowing. It strengthens Prosperity Life Group’s insurance business.Under the agreement, S. USA Life Insurance Company, an affiliate of Prosperity Life Group, acquires National Western, offering a remarkable 87.1% premium to the…

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