Today, Central States Indemnity Company (CSI Life) announced that they are ending the sale of final expense plans effective March 1, 2014.
A company news release through their distributor, AIMC, today said they will not be renewing any state appointments for CSI life.
The release says that any business in place with CSI Life will continue to remain in force as long as the insured pays the premium, and that renewal commission will continue to be paid.
They also say that they are very committed to the Medicare Supplement market.
This is the second carrier in as many weeks that has announced they are leaving the final expense market.
Last week, we covered the fact that Forethought Life Insurance Company told their FMO‘s that they are leaving the final expense market and will no longer accept applications after January 31, 2014.