MCKINNEY, Texas, Jan. 4 /PRNewswire-FirstCall/ -- Torchmark Corporation
(NYSE: TMK) announced today that it has redomesticated two of its leading
insurance subsidiaries, United American Life Insurance Company, and Globe
Life And Accident Insurance Company, from Delaware to Nebraska. Torchmark
plans to redomesticate other of its subsidiaries to Nebraska this year.
After studying the premium tax rates in a number of states, as well as the
Nebraska business climate including its skilled labor pool, it was clear to
Torchmark that it would be financially advantageous to redomesticate some
of its insurance subsidiaries to Nebraska.
Torchmark Corporation is a holding company specializing in life and
supplemental health insurance for "middle income" Americans marketed
through multiple distribution channels including direct response, and
exclusive and independent agencies. Torchmark has several nationally
recognized insurance subsidiaries. Globe Life And Accident, Oklahoma City,
is a direct-response provider of life insurance known for its
administrative efficiencies. American Income Life, Waco, Texas, provides
individual life insurance to labor union members. Liberty National Life,
Birmingham, Alabama, one of the oldest traditional life insurers in the
Southeast, is the largest life insurer in its home state of Alabama. United
American is a consumer-oriented provider of supplemental health insurance.
SOURCE Torchmark Corporation
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Related links:
http://www.torchmarkcorp.com
http://www.prnewswire.com/comp/885425.html /
CONTACT:
Joyce Lane, Vice President, Investor
Relations of Torchmark Corporation, +1-972-569-3627, fax,
+1-972-569-3282, jlane@torchmarkcorp.com
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