Kentucky Central Life Insurance Company
- 1902 – Founded: Established in Kentucky, becoming a prominent regional insurer in the Southeast.
- 1960s – Expansion: Grew significantly through a series of mergers with smaller regional carriers like Rio Grande National Life.
- 1970s – Diversification: Diversified into real estate and broadcasting, owning television and radio stations in addition to insurance.
- 1980s – Real Estate Exposure: Heavily invested in real estate and commercial mortgages, which became a liability during the recession of the early 90s.
- 1993 – Seizure: The Kentucky Department of Insurance seized the company due to insolvency caused by bad real estate investments.
- 1994 – Liquidation: Placed into formal liquidation. It was one of the largest insurance failures of the decade.
- 1994 – Policy Sale (Liberty): A block of approximately 500,000 older industrial life policies was sold to Liberty Life Insurance Company.
- 1995 – Policy Sale (Jefferson-Pilot): The remaining 300,000 life and annuity policies were sold to Jefferson-Pilot Life Insurance Company.
- 1995 – Guaranty Fund: State guaranty associations triggered coverage to protect policyholders from losses.
- 2007 – Final Transition: The block acquired by Jefferson-Pilot was absorbed into Lincoln Financial following the JP-Lincoln merger.
Source: Kentucky Department of Insurance Liquidation
