Family Heritage Life Insurance Company of America announced today that it has signed a definitive agreement to be acquired by Torchmark Corporation (NYSE: TMK) of McKinney, Texas, a holding company specializing in life and supplemental health insurance.
Founded in 1989, Family Heritage has established a long history of profitable growth in life and supplemental health insurance with a return of premium feature. It has approximately 1,200 captive agents and 223,000 policies in force.
“We are excited about our new relationship with Torchmark,” said Family Heritage President and Founder, Howard Lewis. “Torchmark is a very well-respected company in the industry and their financial strength and resources will allow Family Heritage to continue its aggressive growth record long into the future.”
The transaction is expected to close early in the fourth quarter of 2012.
About Family Heritage
Family Heritage is an industry leading provider of supplemental health insurance products to families. For more information regarding Family Heritage, visit the Company’s website at www.globelifefamilyheritage.com or visit Family Heritage Life Insurance on Facebook at http://www.facebook.com/familyheritage.
Torchmark Corporation is a holding company specializing in life and supplemental health insurance for “middle income” Americans marketed through multiple distribution channels including direct response, and exclusive and independent agencies. Torchmark has several nationally recognized insurance subsidiaries. Globe Life And Accident is a direct-response provider of life insurance known for its administrative efficiencies. American Income Life provides individual life insurance to working families. Liberty National Life, one of the oldest traditional life insurers in the Southeast, is the largest life insurer in its home state of Alabama. United American is a consumer-oriented provider of supplemental life and health insurance.