Sierra Financial Holdings, LLC (Sierra) today announced that it closed on the acquisition of Preferred Security Life Insurance Company, a Texas-Domiciled Life Insurance Carrier (PSLIC). John F. Sexton, Charles T. Ferdin and Craig Haack currently serve on the Board of Directors of Sierra Financial Holdings, LLC.
John Sexton, Managing Partner of SFH, stated “PSLIC is a superb life insurance carrier, and the company is a perfect fit to Sierra’s Strategic Plan. PSLIC provides ideal synergies with our other portfolio companies, and we look forward to incorporating PSLIC into Sierra’s family of financial services organizations”.
Craig Haack, Managing Partner of SFH affirmed that “adding PSLIC to our roster enhances our growing financial services platform. There is a great deal of interest in the mortgage industry to partner with Life Insurance companies as an outlet for residential whole loans.” Charles Ferdin, Managing Partner added that “as a Latino, the ability to offer financial protection and security to the Latino family is critical – PSLIC’s life insurance platform combined with our unique distribution strategy perfectly complements the wide array of mortgage loan and other financial service products that we currently offer. The acquisition of PSLIC will further expand our reach to the growing Latino market.”
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