What are First Trinity Financial's Business Segments?
Life Insurance and Annuity Operations
Our Life Insurance and Annuity Operations consists of issuing ordinary whole life
insurance, modified premium whole life with an annuity rider, term, final expense
and accidental death and dismemberment policies and annuity contracts. The policies
can be issued with premiums fully guaranteed for the entire term period or with
a limited premium guarantee. The final expense is issued as either a simplified
issue or as a graded benefit, determined by underwriting.
TLIC renewed its administrative services agreement with Investors Heritage Life
Insurance Company (“IHLIC”) on August 28, 2012. Under the terms of
this agreement, the services provided by IHLIC include underwriting, actuarial,
policy issue, accounting, claims processing and other services incidental to the
operations of TLIC. The agreement is effective for a period of five (5) years
from September 1, 2012 through August 31, 2017 and includes a provision that the
agreement may be terminated at any time by either party with a 180 day prior notice.
FBLIC entered into an administrative services agreement with IHLIC on November
28, 2012. Under the terms of this agreement, the services provided by IHLIC include
underwriting, actuarial, policy issue, accounting, claims processing and other
services incidental to the operations of FBLIC. The agreement is effective for
a period of five (5) years from November 1, 2012 through October 31, 2017 and
includes a provision that the agreement may be terminated at any time by either
party with a 180 day prior notice.
FTFC entered into an administrative services agreement with IHLIC on January 7,
2011. Under the terms of this agreement, IHLIC provided services incidental to
the operation of FTFC as a financial services holding company. This agreement
was cancelled during 2015 and FTFC began administering its own operations on October
1, 2015.
TLIC continues to seek to serve middle income households in the states of Illinois,
Kansas, Kentucky, Nebraska, North Dakota, Ohio, Oklahoma and Texas. TLIC markets
its products through independent agents. With the acquisition of FBLIC in late
2011, we expanded into Arizona, Colorado, Missouri and New Mexico. FBLIC also
had initial licenses in Kansas, Nebraska and Oklahoma where TLIC was also licensed.
In late 2012, FBLIC was licensed in Arkansas, Indiana, Kentucky, North Dakota,
South Dakota, Texas and West Virginia. In 2013, FBLIC was licensed in Illinois
and Pennsylvania. In 2014, FBLIC was licensed in Georgia, Louisiana, Michigan,
Mississippi, North Carolina, Ohio, Tennessee and Virginia. In 2015, FBLIC was
licensed in Alabama and Utah.
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