AGREEMENT AND PLAN OF MERGER Among SECURITY AMERICAN FINANCIAL ENTERPRISES, INC., SECURITY LIFE INSURANCE COMPANY OF AMERICA, EASTERN INSURANCE HOLDINGS, INC. and EASTERN LIFE AND HEALTH INSURANCE COMPANY Dated as of May 4, 2010Agreement and Plan of Merger • May 4th, 2010 • Eastern Insurance Holdings, Inc. • Fire, marine & casualty insurance • Pennsylvania
THIS AGREEMENT AND PLAN OF MERGER is made as of the 4th day of May, 2010, among SECURITY AMERICAN FINANCIAL ENTERPRISES, INC., a Minnesota corporation (“Parent”), SECURITY LIFE INSURANCE COMPANY OF AMERICA, a Minnesota insurance company and a wholly-owned subsidiary of Parent (“Purchaser”), EASTERN INSURANCE HOLDINGS, INC., a Pennsylvania corporation (“Seller”), and EASTERN LIFE AND HEALTH INSURANCE COMPANY, a Pennsylvania insurance company and a wholly-owned subsidiary of Seller (the “Company”).
