Insurance Holding Company, Insurance Companies Responds to Parent Company Announcements

Insurance Holding Company, Insurance Companies Responds to Parent Company
Announcements 


SPOKANE, Wash., Nov. 4  /PRNewswire-FirstCall/ -- The parent holding companies
of Western United Life Assurance Company, Old Standard Life Insurance Company
and Old West Annuity & Life Insurance Company announced yesterday that they
suspended their preferred stock dividends to conserve their liquidity.  The
dividends of Western United Holding Company  were not suspended.  Western, Old
Standard and Old West want to clarify that that announcement addresses issues
relating to the parent holding companies only and not the insurance companies,
Western, Old Standard and Old West.

Management believes that the insurance companies are adequately capitalized and
have sufficient liquidity for their normal operations. Western, Old Standard and
Old West's operations are expected to be unaffected by the current issues at the
parent companies.  Payments on annuities will continue to be made on time as
they have been in the past.  The life insurance companies will continue to sell
products, service clients and payout benefits. 

Old Standard Life Insurance Company; Old West Annuity & Life Insurance

        Company

DATASOURCE: Western United Holding Company; Western United Life Assurance
Company;



CONTACT:  Mary Keller, Market Development & External Affairs,

[phone]

Copyright