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Central Security Life Insurance Company

Central Security Life Insurance Company is their flagship company. CSLIC is a wholly owned subsidiary of Champions Life, and it owns all outstanding shares of Western American Life Insurance Company. CSLIC is licensed to do business in all states except: California, Connecticut, Hawaii, Iowa, Maine, Minnesota, New Hampshire, New York, Pennsylvania, Rhode Island, Vermont, Washington and Wisconsin. Central Security accepts business written by approximately 200 independent agents, brokers, and funeral directors.

CSLIC was incorporated on February 19, 1955 and commenced insurance operations on October 3, 1955. They purchased the company in 1987 and moved its corporate headquarters from Fort Worth, Texas to Richardson, Texas in 1988. Central Security administers the policies for all companies in the Maximum Corporation group.CSLIC has approximately 67,000 policies in force.

Their consolidated life group has statutory assets in excess of 133 million dollars and over 610 million dollars of insurance in force. Their companies have acquired the policies of over 275 stipulated premium companies, mutual aid associations, burial associations, and legal reserve companies. CSLIC is licensed to do business in all states except California, Connecticut, Hawaii, Iowa, Maine, Minnesota, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, and Wisconsin.

Central Security believes that the best way to grow an insurance organization is to grow it profitably. They have honed their M&A skills over the past 30 years and can assist you in any aspect of the deal: projections, negotiations, assumption reinsurance, coinsurance, modified coinsurance, financing, contract development, etc. If you are in the market to buy or sell a block of business or an entire company, they can provide the expertise you need.

It has developed a talented and detail oriented due diligence team that can evaluate all aspects of an insurance company operation, including, but not limited to accounting, agency, actuarial, claims, commissions, compliance, information systems, new business, policyholder service, premium accounting, and underwriting.

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