The investment aims to support the insurer’s expansion in annuities and health products.
Lightstone has completed a strategic investment in The McDaniel Company, the parent of Heartland National Life Insurance Company. The deal builds on an existing relationship between the two firms and focuses on expanding Heartland’s presence in the US retirement market through annuities and supplemental health insurance. Lightstone will provide capital and strategic support to help grow Heartland’s product offerings, including Multi-Year Guaranteed Annuities and Fixed Indexed Annuit