M&A Deal Summary

Security Plan Life Insurance Acquires Magnolia Guaranty Life Insurance

On October 8, 2013, Security Plan Life Insurance acquired insurance company Magnolia Guaranty Life Insurance for 5M USD

Acquisition Highlights

This is Security Plan Life Insurance’s 1st transaction in the Insurance sector.
This is Security Plan Life Insurance’s largest (disclosed) transaction.
This is Security Plan Life Insurance’s 1st transaction in the United States.
This is Security Plan Life Insurance’s 1st transaction in Mississippi.

M&A Deal Summary
Date	2013-10-08
Target	Magnolia Guaranty Life Insurance
Sector	Insurance
Buyer(s)	Security Plan Life Insurance
Deal Type	Add-on Acquisition
Deal Value	5M USD

Target

Magnolia Guaranty Life Insurance

Ridgeland,, Mississippi, United States

Magnolia Guaranty Life Insurance Company provides life insurance products including final expense and pre-need life insurance policies.

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Buyer(S) 1

Buyer

Security Plan Life Insurance

Donaldsonville, Louisiana, United States

Category	Company
Founded	1948
Sector	Insurance

DESCRIPTION

Security Plan Life Insurance Co. is a provider of life insurance products including graded death benefit, super triple protector.

DEAL STATS	#
Overall	1 of 1
Sector (Insurance)	1 of 1
Type (Add-on Acquisition)	1 of 1
State (Mississippi)	1 of 1
Country (United States)	1 of 1
Year (2013)	1 of 1
Size (of disclosed)	1 of 1