| Business Summary | | Southern
Security
Life
Insurance
Company
(SSLI)
is
a
legal
reserve
life
insurance
company
authorized
to
transact
business
in
the
states
of
Alabama,
Florida,
Georgia,
Hawaii,
Indiana,
Illinois,
Kentucky,
Louisiana,
Michigan,
Missouri,
Oklahoma,
South
Carolina,
Tennessee
and
Texas.
SSLI
currently
writes
universal
life
policies
with
various
companion
riders,
as
well
as
a
traditional
life
product.
In
the
past,
it
has
written
various
forms
of
ordinary
life
insurance
policies
and
annuity
contracts.
The
Company's
accident
and
health
insurance
business
has
never
been
a
significant
portion
of
its
business.
SSLI
does
not
presently
write
industrial
life
or
group
life
insurance
other
than
through
its
participation
as
a
reinsurer
in
the
Servicemen's
Group
Life
Insurance
Program
(SGLI). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Southern
Security
Life
is
engaged
in
the
issuance
of
universal
life
insurance
contracts
with
various
companion
riders
in
the
states
of
AL,
FL,
GA,
HI,
IN,
IL,
KY,
LA,
MI,
MO,
OK,
SC,
TN
and
TX.
SSLI
also
writes
accident
and
health
insurance
policies.
For
the
six
months
ended
6/30/01,
total
revenues
fell
2%
to
$5.2
million.
Net
loss
totaled
$140
thousand
vs.
an
income
of
$107
thousand.
Results
reflect
decreased
net
investment
income,
increased
claims
and
higher
administrative
costs. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | George Quist, 80 | Chairman,
Pres and CEO | William Sargent, 72 | Sr.
VP and Sec. | Scott Quist, 47 | First
VP, Gen. Counsel and Treasurer |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|