UNAUDITED PRO FORMA CONDENSED FINANCIAL INFORMATION FOR MIDWEST HOLDING INC.Reinsurance Agreement • February 8th, 2019 • Midwest Holding Inc. • Life insurance
The Reinsurance Agreement. On November 30, 2018, American Life & Security Corp. (“American Life”), a wholly owned subsidiary of Midwest Holding Inc. (“Midwest”), entered into an Assumption and Indemnity Reinsurance Agreement (the “Agreement”) with Unified Life Insurance Company, an unaffiliated Texas domiciled stock insurance company (the “Reinsurer”). The Agreement provides, among other things, as follows:
