Agent Looking for New Carrier for Hospital Program

Hospital Supplement Plan - This Plan is designed to provide supplemental hospital insurance coverage. Coverage is provided through a group policy issued to a Missouri-based association. TOO LATE … PLAN PLACED WITH A CARRIER

Agent Looking for New Carrier for Disability Income Program

Low-Limit / Short-Term Disability Income Plan - This Plan is designed to provide short-term income protection. Coverage is provided on an individual basis. TOO LATE … PLAN PLACED WITH A CARRIER

Agent Looking for New Carrier for Worksite Disability Income Program

Worksite Disability Income Plan - A Plan designed to provide guaranteed income protection coverage on a group basis. TOO LATE … PLAN PLACED WITH A CARRIER

Life Company for Sale

Privately owned stock company.
Arizona domicile.
35 State licenses - AK, AZ, AR, CA, DC, FL, HI, ID, IL, IN, IA, KY, MD, MI, MS, MO, MT, NE, NV, NJ, NM, NC, ND, OH, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA and WI.
Statutory equity - $40 million.
Net reserves - $2.5 million life; $1.5 million health (as of 3/31/05).
Current Market - Credit life and disability; individual and group life, HIP and DI.

Comments: Originally established to underwrite credit life and disability insurance for the principal owner's numerous west coast car dealerships, this company began branching out into other forms of life and disability insurance in 2002. In November of 2004, having divested himself of all of his dealerships, the carrier's principal announced that the company would cease accepting all new business as of June 2005 with the aim of selling the company in 2006.

Contact: For more information about this Life Company, contact Frank at (609) 443-7540 or email him at frank@coulter-and-associates.com.