Welcome to our dedicated page for Federal Life Group news (Ticker: FLFG), a resource for investors and traders seeking the latest updates and insights on Federal Life Group stock.
Federal Life Group Inc is a reputable company that has been offering high-quality life insurance and annuity products since 1899. Headquartered in Riverwoods, Illinois, Federal Life operates across the United States, except for a few states. The company recently collaborated with Hannover Re and Vidale Marketing Group to innovate in the insurance sector, launching the MyICP product in the U.S. market. This product provides a unique solution to the financial challenges faced by individuals requiring care, offering monthly income payments that are tailored to the applicant's health condition. Federal Life's commitment to innovation and excellence in the insurance industry makes them a trusted partner for protecting families and improving lives.
Federal Life Group, Inc. (OTCMKTS: FLFG) announced that it will cease providing current information to the OTC Markets as of April 2023, expecting to downgrade to the OTC Expert Tier. The company stated that it cannot guarantee continued trading of its common stock on the OTC Markets or any other exchange. This decision follows an evaluation of the costs and administrative burdens associated with reporting to the OTC Markets. The company anticipates significant savings from this move, which it deems financially meaningful. Federal Life Group operates through its subsidiary, Federal Life Insurance Company, providing life and health insurance and annuity products.
Federal Life Insurance Company has announced a groundbreaking private placement variable annuity (PPVA) that offers significant exposure to Bitcoin and Ether. This product is designed for accredited investors and will be available nationwide in the fourth quarter of 2021. With the support of Bain Capital Insurance, the annuity aims to provide a tax-efficient investment opportunity for advisors targeting clients interested in digital currencies. Federal Life has partnered with leaders such as Gemini and WisdomTree to develop this innovative solution, reflecting the growing interest in crypto assets.
Federal Life Group, Inc. (OTCMKTS: FLFG) has declared a special dividend of $0.55 per share for its shareholders. The record date for this dividend is June 10, 2021, with payment expected on June 30, 2021. This announcement reflects the company's commitment to providing returns to its investors while maintaining a tradition of financial strength and stability.
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