Trinity Life Insurance Company Commences Tender Offer to Acquire All Outstanding Shares of Common Stock of Family

Tulsa, Oklahoma and Jefferson City, Missouri – November 10, 2011—Trinity Life Insurance Company, a Tulsa-based life insurance company, First Trinity Financial Corporation, the parent company of Trinity Life Insurance Company, and Family Benefit Life Insurance Company, a Jefferson City, Missouri-based life insurance company announced that Trinity Life Insurance Company is commencing a cash tender offer for all of the outstanding shares of common stock of Family Benefit Life Insurance Company, at a price of $11.05 per share net to the holder in cash, without interest and less any required withholding taxes. The tender offer is being made pursuant to the agreement entered into between Trinity Life Insurance Company and Family Benefit Life Insurance Company as of October 20, 2011.

Trinity Life Insurance Company and First Trinity Financial Corporation are filing with the Securities and Exchange Commission (SEC) today a tender offer statement on Schedule TO, including an offer to purchase and related letter of transmittal, setting forth in detail the terms of the tender offer. Additionally, Family Benefit Life Insurance Company is filing with the SEC today a solicitation/recommendation statement on Schedule 14D-9 setting forth in detail, among other things, the recommendation of Family Benefit Life Insurance Company’s board of directors that Family Benefit Life Insurance Company’s shareholders tender their shares into the tender offer. Family Benefit Life Insurance Company’s board of directors has unanimously determined that the agreement and the transactions contemplated by it (including the tender offer) are fair to and in the best interests of Family Benefit Life Insurance Company and its shareholders.

Trinity Life Insurance Company and Family Benefit Life Insurance Company intend to commence mailing the tender offer materials, including Trinity Life Insurance Company’s Schedule TO, containing its offer to purchase and the related letter of transmittal, and Family Benefit Life Insurance Company’s solicitation/recommendation statement on Schedule 14D-9, to all Family Benefit Life Insurance Company shareholders of record shortly.

The closing of the tender offer is subject to the condition that there shall have been tendered a number of shares that represents greater than 50% of the sum of the number of Family Benefit Life Insurance Company shares issued and outstanding on the expiration date of the offer. Investors should carefully read the offer to purchase and related documents for more complete information.

The tender offer is scheduled to expire at 12:00 midnight, Jefferson City, Missouri time, on Friday, December 9, 2011, unless extended pursuant to the terms of the merger agreement or the applicable rules and regulations of the SEC. Any extension of the offer will be announced no later than 9:00 am, Jefferson City time, on the first business day following the scheduled expiration time.