First Trinity Financial Corporation Announces Filing of Application to Acquire Additional Ownership of Family Benefit Life
First Trinity Financial Corporation Announces Filing of Application to Acquire Additional Ownership of Family Benefit Life Insurance Company
First Trinity Financial Corporation’s (“First Trinity”) wholly-owned subsidiary, Trinity Life Insurance Company (“Trinity Life”), a life insurance company domiciled in Oklahoma, has entered into an agreement to acquire an additional 4.8% of the issued and outstanding shares of Family Benefit Life Insurance Company (“Family Benefit Life”), a life insurance company domiciled in Missouri. The acquisition of these additional shares is subject to approval by the Missouri Department of Insurance. Trinity Life previously acquired approximately 9.994% of the outstanding common stock of Family Benefit Life between July 1 and August 8, 2011.