Federal Life Insurance Company Completes Strategic Acquisition of Texas Service Life Insurance Company
AUSTIN, Texas, June 04, 2025 – Federal Life Insurance Company has finalized its acquisition of Texas Service Life Insurance Company, a prominent player in the preneed insurance sector. This move marks a significant step forward for the industry, underscoring Federal Life’s commitment to innovative growth strategies and forward-thinking solutions that empower families to plan with confidence.
With an A- (Excellent) rating from AM Best and backed by leading investment firm Bain Capital, Federal Life is well-positioned to collaboratively shape the future of preneed insurance. “This acquisition is more than a business transaction; it’s a signal to the market that preneed insurance is an essential product for families, and we believe the market is currently underserved,” said Knut Olson, CEO of Federal Life, who brings over 20 years of industry experience. “We’re reimagining how families prepare for the future by delivering exceptional service and innovative preplanning opportunities. Our team is poised to push boundaries, drive industry change, and ensure families receive the support they deserve.”
Following the acquisition, George Wise will lead Texas Service Life as President, spearheading a national expansion strategy that prioritizes accessibility, trust, and cutting-edge financial security for families nationwide. “We’re evolving with purpose, ready to strengthen and scale a business designed to meet the ever-changing needs of families everywhere,” Wise stated. “The future of preneed planning is here, and we’re shaping it with fresh ideas, dynamic solutions, and a commitment to delivering lasting value.”
Federal Life and Texas Service Life are committed to developing better products, exceeding service expectations, and helping funeral homes and families adapt in an ever-changing world. Together, they embody a more creative, dynamic, and future-forward vision for preneed insurance.
About Federal Life Insurance Company
Federal Life Insurance Company is revolutionizing the insurance landscape with innovative solutions designed to protect individuals and families at every life stage. Rooted in financial strength and stability, Federal Life is committed to delivering reliable accident & health and life products that evolve with its clients’ changing needs. As the company expands its reach and enhances its offerings, the focus remains on providing trusted, forward-thinking coverage that empowers financial security for generations to come.
About Texas Service Life Insurance Company
Texas Service Life Insurance Company has been serving customers since 1985, boasting a proven track record in the industry and a robust financial foundation. Texas Service Life consistently delivers the dependability families require when planning their insurance arrangements. Family1® is a Registered Trademark of Texas Service Life Insurance Company.
For media inquiries, please contact: Jessica Grann Chief Marketing and Culture Officer Federal Life Insurance Company [email protected]
