Investors Heritage Capital Corp

CIK:0000055362|SEC Filings
v3.8.0.1
Note 1 - Nature of Operations
9 Months Ended
Sep. 30, 2017
Notes to Financial Statements  
Nature of Operations [Text Block]
NOTE
1
- Nature of Operations
Investors Heritage Capital Corporation
is the holding company of Investors Heritage Life Insurance Company; Investors Heritage Printing, Inc., a printing company; Investors Heritage Financial Services Group, Inc., an insurance marketing company; is the sole member of At Need Funding, LLC, a limited liability company that provides advance funding of funerals in exchange for the irrevocable assignment of life insurance policies from other nonaffiliated companies; and is the sole member of Heritage Funding, LLC, a limited liability company that invests in various business ventures. These entities are collectively hereinafter referred to as the “Company”. In excess of
99%
of Investors Heritage Capital’s consolidated revenue is generated by Investors Heritage Life.
 
Our
principal operations involve the sale and administration of various insurance and annuity products, including, but
not
limited to, participating and non-participating whole life, limited pay life, universal life, annuity contracts, credit life, credit accident and health and group insurance policies. Investors Heritage Life is currently licensed in
37
states. The principal markets for the Company’s products are in Kentucky, North Carolina, Tennessee, Georgia, Ohio, Virginia, Indiana, Michigan, Texas, South Carolina, Pennsylvania and Illinois.