Federal Life Insurance Company has finalized the acquisition of Texas Service Life Insurance Company, a recognized leader in preneed insurance. This strategic move highlights Federal Life’s commitment to expanding innovative solutions that empower families to plan their futures with confidence.
With an A- (Excellent) rating from AM Best and support from prominent investment firm Bain Capital, Federal Life is well-positioned to lead transformative change in the preneed insurance market.
“This is more than an acquisition; it signals that preneed insurance is an essential product for families, and the market is currently underserved,” said Knut Olson, CEO of Federal Life and an industry veteran with over 20 years of experience. “We are reimagining how families prepare for the future by delivering exceptional service and innovative access to preplanning. Our team is ready to push boundaries, drive industry change, and ensure families receive the support they deserve.”
George Wise has been named President of Texas Service Life, spearheading a national expansion strategy focused on accessibility, trust, and advanced financial security solutions for families across the United States.
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