9 Federal Life Insurance Company Reboot Facts, for Agents

December 6, 2018 by Allison Bell

Some individuals try to make money by fixing up and selling undervalued houses.

Some investment groups try to do the same with insurance companies.

Insurance Capital Group LLC (ICG), a New York-based player in the insurer reboot market, says it wants to help Federal Life Insurance Company of Riverwood, Illinois, increase its sales, improve its earnings and return to the variable annuity market.

ICG — a company with ties to the team that rebooted Shenandoah Life Insurance Company of Roanoke, Virginia — could get control of Federal Life through a stock offering with a total value of about $34 million to $45 million.

Click HERE to read the full story via ThinkAdvisor.

Originally Posted at ThinkAdvisor on December 5, 2018 by Allison Bell.