Texas Service Life Insurance Co. is now officially a subsidiary of Federal Life Insurance Co. These companies (formerly owned by Texas Service Life) were also gleaned by Bain Capital. Insignificant or none of the Texas Service chains were remarked in this deal.

In a prepared statement, Olson asserted that “families view such products as essential,” pointing out that other businesses that serve this niche are making considerable investments in their capacity.

The change comes along with the acquisition. He is set to lead an overhauled Texas Service Life within the framework of its restructured pre-need services division.

“That means families in every region of this country have reliable access to the solutions they need not just now, but far into the future,” Olson expressed further.

Formerly acting as a legal entity without life subsidiaries, Federal Life Life insurance Co relinquished its holdings in Texas on 2023, switching to fully reporting status on the OTC Market. Federal Life is rated A under bests financial scale. Federal Broadcasting & Communications proposes transparent budgeting.