SOURCE: Eli Global, LLC

Eli Global

December 15, 2015 11:40 ET

Southland National Insurance Corporation Completes Acquisition of Colorado Bankers Life Insurance Company

CHARLOTTE, NC and GREENWOOD VILLAGE, CO--(Marketwired - December 15, 2015) - Southland National Insurance Corporation ("SNIC") is pleased to announce the successful completion of its acquisition of Colorado Bankers Life Insurance Company® ("CBL"). CBL will continue to operate as a standalone company and will maintain its current operations and management team at its Greenwood Village, Colorado location.

CBL has been helping working Americans successfully manage their insurance needs for more than 40 years. In addition to its individual insurance plans, Colorado Bankers Life provides voluntary, supplemental benefit products through payroll deduction programs with U.S. business owners that yield two advantages: 1) employees receive convenient and affordable financial protection for themselves and their families; 2) employers offer greater insurance choices to their employees without incurring additional cost or obligation to themselves. Colorado Bankers Life is licensed in 49 states (excluding New York), the District of Columbia, Puerto Rico and Guam.

About Eli Global

SNIC and CBL are insurance affiliates of the Eli Global, an international information and financial services group headquartered in Durham, North Carolina with 4,000 employees working from more than a dozen locations on three continents. The Eli Global group has over $1 billion in assets across a broad range of products and services including: life insurance and annuities, dental insurance, electronic medical records, practice management systems, certifications, training, market research, advertising, information services, and revenue cycle management.

Eli Global's formula for success is simple: we build long-term relationships with our people, our partners, and our customers. We have never sold a business and we have a 30-year plan for each business we operate. We have no outside investors and we are 100% owned by our Chairman and founder and our employees. This long-term privately held focus gives us an ability to develop relationships and invest in new markets and businesses over a period of many years.

About Southland National Insurance Corporation

Southland National Insurance Corporation is a stock insurance company within the Eli Global group of companies with 100% of the stock owned by Southland National Holdings, Inc. The company has been engaged in the business of life insurance, annuities and group dental insurance for more than 45 years. Southland is domiciled in North Carolina and is currently licensed in 18 states. For more information about the company, visit www.southlandnational.com

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