HOUSTON, March 19, 2025 (GLOBE NEWSWIRE) — Sierra Financial Holdings, LLC has finalized its acquisition of Preferred Security Life Insurance Company, a Texas-based life insurance carrier, following regulatory approval from the Texas Department of Insurance. The deal, which is expected to close on April 1, 2025, will integrate life insurance options into Sierra’s existing portfolio of financial services.
Dennis Haley, President of Preferred Security Life Insurance Company, expressed enthusiasm for the acquisition. “The addition of a life insurance option to Sierra’s wide array of mortgage loan products significantly expands its portfolio of financial services and provides Preferred Security Life with ready access to the growing Latino market while simultaneously offering customers a means to provide financial protection and security for their family,” he stated.
About Sierra Financial Holdings, LLC
Sierra Financial Holdings, LLC, based in Houston, Texas, is a privately held company specializing in financial services. Since 2010, its family of independent financial services organizations has offered a comprehensive suite of insurance and mortgage products, primarily serving the Latino market.
Its subsidiaries include:
- Sierra Mortgage Capital, LLC: A nationwide closed loan mortgage conduit that acquires first lien residential whole loans.
- Sierra Lending Group, LLC: A retail residential mortgage originator based in Texas.
- Sierra Lending Corporation: A California-based retail residential mortgage originator.
- Sierra Insurance Services, LLC: A Houston-based insurance agency specializing in life insurance products.
About Preferred Security Life Insurance Company
Founded in 1994, Preferred Security Life Insurance Company is a Stipulated Premium Life insurance company with operational headquarters in Colorado Springs, Colorado, USA.
