Funeral Directors Life Acquires American Life & Annuity Company
ABILENE, TX – September 15, 2022 – Funeral Directors Life Insurance Company (FDLIC) has recently finalized the acquisition of American Life & Annuity Company (ALAC) in Hot Springs, Arkansas. President and CEO of FDLIC Kris Seale and ALAC President Claude Holloway worked closely together to ensure a smooth transition process for both companies, their respective funeral home clients, and the families they serve.
“We’re proud to finally announce this news,” said Kris Seale. “After a few conversations with Claude, I could tell immediately he was the type of guy I’d want on my team. He has strong Christian values and is dedicated to doing the best he can for his customers and funeral homes. It’s exciting to enter this phase and have the opportunity to work with Claude and his staff to make this come together.”
FDLIC’s mission is “to be known as the best, most-respected provider of service to the funeral profession.” In this case, it meant inviting Claude and his team to FDLIC’s home office to see if core values and company missions were aligned so both companies could feel confident about the acquisition process.
“We were excited from the get-go,” said Holloway. “My team and I visited FDLIC, and we were blown away by the culture. Everything about Kris’ company exceeded our expectations, from the business principles, to core values, and offerings for funeral homes. We saw a desire in them to continue to improve to have more products and services to offer funeral homes. It’s like they get up in the morning and say, ‘What else can we do for funeral homes to make their jobs easier?’”
Effective immediately, FDLIC will work to support existing ALAC policyholders and Arkansas funeral homes. FDLIC offers preneed insurance solutions and a suite of business services, including accounting, technology, marketing, lending, aftercare, and many more.
“We want to continue this path of doing things with integrity and honesty to set a high standard of service with our funeral homes at the center,” added Seale. “Working with Claude and his team on this process was a pleasure. I’m grateful we had the opportunity to bring it all together.”
To learn more about the acquisition process and what’s next for both companies, click here to listen to this conversation with Kris Seale and Claude Holloway.
About Funeral Directors Life
Funeral Directors Life, rated A- (Excellent) by AM Best Company, is a legal reserve life insurance company which specializes in the sale of insurance-funded preneed funerals. Our mission is “To be known as the best, most-respected provider of service to the funeral profession.” For more information about Funeral Directors Life, visit us online at www.funeraldirectorslife.com.