AUSTIN, Texas, July 1, 2021
/PRNewswire/ -- Security Plan Life Insurance Company
(SPLIC), a subsidiary of Citizens, Inc.
(NYSE: CIA) recently announced a new product and new services
that capitalizes upon Citizens' long history of selling
insurance in the United
States.
SPLIC has been in the insurance market since 1948, bringing a
range of insurance products with its unique value proposition to
our Home Service market, particularly Louisiana, Mississippi, and Arkansas.
Our new Whole Life product, Security Plan Plus™, is
the jumpstart for our future product releases. Security Plan Plus
offers a highly competitive product with the sleek combination of
design, functionality, and value. Designed with today's consumers
in mind, the Security Plan Plus application process is faster and
easier. We are focused on providing families with financial
security and peace of mind.
Citizens is committed to the Home Service market and the life
insurance needs of middle-income consumers and introducing new
products will just be the start. It is vital to expand products and
services to meet the evolving needs of our customers and their
families.
Gerald Shields, Interim Chief
Executive Officer said, "We are excited about Security Plan Plus
and how this product meets the needs of our market. Citizens
remains committed to meeting the market needs of our
policyholders. We continue to review our product offerings
and adjust to the changing needs of policyholders. 2021 is an
exciting year of growth."
Robert Mauldin, President and Chief Marketing Officer said, "Security
Plan Life Insurance Company is committed to
delivering a new level of protection and service to our
policyholders. Security Plan Plus is just the start."
To learn more about Security Plan Insurance
Company or its products, you can visit,
www.citizensinc.com/security-plan
About Citizens, Inc.
Citizens, Inc. is a financial services company
listed on the New York Stock Exchange under the symbol CIA.
The Company utilizes a three-pronged strategy for growth based upon worldwide
sales of U.S. Dollar-denominated whole life
cash value insurance policies, life insurance product sales in the
U.S. and final expense and limited
liability property product
sales in the U.S.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995. Statements that are not historical facts, including
statements about Citizens, Inc. and its affiliates beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties, and a number
of factors could cause actual results to differ materially from
those contained in any forward-looking statement. These factors
include, but are not limited to the Company's
expectations regarding business performance, operational strategy,
capital expenditures, technological changes, regulatory actions,
and other financial and operational measures. Readers are
encouraged to read the periodic reports Citizens files with the
Securities and Exchange Commission, particularly its Annual Report
on Form 10-K for the fiscal year ended December 31, 2020, and its quarterly reports on
Form 10-Q, for "Risk Factors" and other meaningful cautionary
language disclosing why actual results may vary materially from
those expected or implied by the forward-looking statements. In
some cases, forward-looking statements can be identified by words
such as "may," "will," "expect," "anticipate", "believe", "project"
"intends," "continue" or similar expressions. All information
provided in this press release is as of the date of this press
release, and Citizens, Inc. undertakes no duty to update such
information, except as required under applicable law.
For further information contact:
Marketing Department PR@citizensinc.com
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SOURCE Citizens, Inc.