HOUSTON, March 19, 2025 – Sierra Financial Holdings, LLC announced today that it has received final regulatory approval from the Texas Department of Insurance to acquire Preferred Security Life Insurance Company, a Texas-domiciled life insurance carrier. The closing of the deal is anticipated to occur on April 1, 2025.
Dennis Haley, President of Preferred Security Life Insurance Company, commented, “Adding a life insurance option to Sierra’s extensive range of mortgage loan products significantly broadens its suite of financial services. This presents an opportunity for Preferred Security Life to access the growing Latino market, while simultaneously offering customers a means to safeguard their families financially.”
About Sierra Financial Holdings, LLC
Based in Houston, Texas, Sierra Financial Holdings, LLC, is a privately held company focused on the financial services sector. Since 2010, its family of independent financial services organizations has provided a comprehensive array of insurance and mortgage portfolio products, largely focused on the Latino market.
The companies within the Sierra Financial umbrella include:
- Sierra Mortgage Capital, LLC – a nationwide closed loan mortgage conduit, acquiring first-lien residential whole loans from approved mortgage bankers and retail lenders.
- Sierra Lending Group, LLC – a retail residential mortgage originator specializing in products that serve the Latino market in Texas.
- Sierra Lending Corporation – a California-based retail residential mortgage originator focused on the Latino market in California.
- Sierra Insurance Services, LLC – a Houston-based insurance agency specializing in life insurance products designed for the Latino market.
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.
Contact
John F. Sexton Managing Partner [email protected] 4550 Post Oak Place Dr, Suite 244 Houston, TX 77027 (713) 629-6300 www.SierraFinancialHoldings.com
