FEDERAL LIFE GROUP INC. overview

CHICAGO, Jan. 04, 2024 (GLOBE NEWSWIRE) -- We are pleased to announce that AM Best has assigned a Financial Strength Rating of “A-” (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Federal Life Insurance Company , a leading insurance business that has been protecting individuals and families with valuable products for 125 years. The outlook assigned to these Credit ratings (ratings) is stable. The AM Best A-/a- ratings are given to companies that have an excellent...

CHICAGO, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Federal Life Insurance Company has partnered with global reinsurer Hannover Re and later life insurance specialists Vidale Marketing Group to offer the MyImmediateCarePlan (MyICP).This unique new product is a medically underwritten single premium immediate annuity available to those aged 70 to 95, which guarantees an income for life. “When it comes to paying for care, a large percentage of Americans will simply draw down from their existing assets...

CHICAGO, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Federal Life Group, Inc. and its affiliates (“Federal Life”), a leading provider of insurance and retirement solutions founded in 1899, announced that John Horbal joined the company as chief financial officer and Matt Trosper has joined as senior vice president of corporate development and strategy. Both bring years of industry experience in corporate strategy and management. “Adding John Horbal and Matt Trosper to our newly re-formed executive...

CHICAGO, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Federal Life Group, Inc. and its affiliates (“Federal Life”), a leading provider of insurance and retirement solutions founded in 1899, announced that Knut A. Olson has joined the firm as CEO and a member of the board of directors. Olson succeeds Bill Austin, who will continue to serve on the board of directors as executive vice chairman and provide executive advisory services to Federal Life. “I am very excited for our company’s next chapter...

CHICAGO, May 09, 2023 (GLOBE NEWSWIRE) -- Federal Life Insurance Company has partnered with global reinsurer Swiss Re and Reframe Financial , a leading insurtech company, to offer “Reframe LifeStage” – a new kind of insurance plan designed for millennial and Gen X employees that provides a digital front door to greater financial security. Reframe LifeStage provides families with a first-of-its-kind hybrid policy that features Indexed Universal Life insurance with cash value and long-term...

RIVERWOODS, Ill., April 25, 2023 (GLOBE NEWSWIRE) -- Federal Life Group, Inc. (the “Company”) (OTCMKTS: FLFG), the holding company of Federal Life Holding Company and its subsidiaries, today announced it will no longer provide current information to the OTC Markets in April 2023 and expects to drop to the OTC Expert Tier. The Company can give no assurance that trading in its common stock will continue on the OTC Markets or any other securities exchange or quotation medium. The Company’s...

RIVERWOODS, Ill., Oct. 06, 2021 (GLOBE NEWSWIRE) -- Federal Life Insurance Company (“the Company”), an Illinois-domestic carrier with a history dating back to 1899, today announced a first of its kind private placement variable annuity (PPVA) which provides broad exposure to Bitcoin and Ether. The Company has formed an Insurance Dedicated Fund (IDF) to support the PPVA which will allow investment advisors on behalf of their clients, to allocate a portion of their variable annuity contract to...

RIVERWOODS, Ill., May 24, 2021 (GLOBE NEWSWIRE) -- Federal Life Group, Inc. (the “Company”) (OTCMKTS: FLFG), the holding company of Federal Life Insurance Company (“Federal Life”), today announced that its Board of Directors has declared a special dividend payment on the Company’s common stock in the amount of $0.55 per share to shareholders of record at the close of business on June 10, 2021.‎ The Company expects to pay the dividend on June 30, 2021. About Federal Life Group, Inc....