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FOR IMMEDIATE RELEASE
OLDWICK, N.J. - APRIL 08, 2011 12:00 AM (EDT)
A.M. Best Co. has withdrawn the financial strength rating of B++ (Good) and issuer credit rating of "bbb+" of Southeast Family Life Insurance Company and assigned an NR-5 (Not Formally Followed) to the FSR and an "nr" to the ICR.
Effective 12/28/2010, Southeast Family Life, an operating subsidiary of Central States Health & Life Co. of Omaha (Omaha, NE), was dissolved.
The principal methodology used in determining these ratings is Best's Credit Rating Methodology - Global Life and Non-Life Insurance Edition, which provides a comprehensive explanation of A.M. Best's rating process and highlights the different rating criteria employed. Additional key criteria utilized include: "Rating Members of Insurance Groups." Methodologies can be found at www.ambest.com/ratings/methodology.
Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source.