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Tag Archives: life insurance

Security Plan completes purchase of Magnolia Guaranty

RIDGELAND — Security Plan Life Insurance Company has completed the purchase of Magnolia Guaranty Life Insurance Company. On March 7, Citizens Inc. subsidiary Security Plan completed its acquisition of Magnolia of Ridgeland for $5.23 million. Security Plan paid cash in exchange for 409,553 shares of Magnolia capital stock outstanding. In response to receiving the Mississippi Department of Insurance order approving ...

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Texas company buying Magnolia Guaranty for $5.23M

RIDGELAND — Citizens Inc.’s wholly owned subsidiary, Security Plan Life Insurance Company, has reached a definitive agreement to acquire Magnolia Guaranty Life Insurance Company of Ridgeland for $5.23 million. Magnolia Guaranty has 409,553 shares of capital stock outstanding.  Since 1992, it has specialized in the sale of final expense and pre-need life insurance policies in Mississippi through its funeral home ...

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Life insurance is for people who live

It has become somewhat of a custom for me to write about life insurance concepts during the month of September. And, my comments come fairly easy because I believe in life insurance and have seen the many ways in which it has held families together during financial uncertainties. My comments for this month are also prompted in good part to ...

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