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A.M. Best Co. has upgraded the financial strength rating (FSR) to A (Excellent) from B++ (Good) and issuer credit rating (ICR) to “a” from “bbb+” of
Family Heritage Life Insurance Company of America (Family Heritage) (Cleveland, OH). The ratings have been removed from under review with positive implications and assigned a stable outlook.
Family Heritage’s ratings were placed under review following the announcement that it had signed a definitive agreement to be acquired by
Torchmark Corporation (Torchmark) (headquartered in McKinney, TX) (NYSE: TMK). The transaction closed on November 1, 2012.