A.M. Best Affirms Ratings of Investors Heritage Life Insurance Company

Tue. June 17, 2008; Posted: 05:14 PM

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OLDWICK, N.J., Jun 17, 2008 (A. M. Best via COMTEX) -- KINV | Quote | Chart | News | PowerRating -- A.M. Best Co. has affirmed the financial strength rating (FSR) of B+ (Good) and issuer credit rating (ICR) of ?bbb-? of Investors Heritage Life Insurance Company (Investors Heritage Life). Concurrently, A.M. Best has affirmed the ICR of ?bb-? of its holding company, Kentucky Investors, Inc. [KINV.OB]. The outlook for all ratings is stable.

The ratings reflect Investors Heritage Life?s stable operating profitability, adequate level of risk-adjusted capitalization and niche position in the pre-need marketplace.

Partially offsetting these strengths are Investors Heritage Life?s recent decline in direct premiums written, high level of mortgage loans relative to capital and spread compression, which is challenging the earnings generation on its core pre-need products.

For Best?s Ratings, an overview of the rating process and rating methodologies, please visit http://www.ambest.com/ratings.

For full details for INLF click here.

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