National Life Group Names Mehran Assadi President - Life & Annuity

(April 5, 2005) National Life Group has named Mehran Assadi President - Life & Annuity.

Assadi, who has been with the company in an interim role for the past two years, will have responsibility for leading and directing all of National Life Group’s life and annuity operations, including product development, marketing, sales and distribution, as well as customer service.

“Mehran is a leader who has earned enormous credibility and respect throughout our organization,” said Chairman and Chief Executive Officer Tom MacLeay, in making the announcement. “As president of life and annuity for National Life Group, we know that respect and credibility will only continue to expand and grow.”

Assadi, 46, joined National Life in August of 2003 in a consulting capacity and served as interim Chief Information Officer. In that assignment, he managed all of the company’s information technology operations and divisions. In May of 2004, Assadi was named Interim Chief Operating Officer, assuming responsibility for marketing sales and distribution in the retail divisions.

Prior to joining National Life Group, Assadi served in several roles over five years at Provident Mutual in Philadelphia, PA., including executive vice president and chief information officer as well as chief marketing officer. He previously worked for 16 years at United States Fidelity & Guaranty of Baltimore, Md. in a number of positions including, vice president of technology and business development.

National Life Group is a dynamic and growing family of financial service companies, unified in values and purpose but differentiated by specialty, structure and size. Affiliates and divisions within National Life Group operate in locations throughout the United States and offer products and services, that help a broad spectrum of individuals and businesses meet their financial goals.