History

Atlantic Coast Life Insurance Company is a closely held stock life insurer founded in 1925 by Y.W. Scarborough and J.W. Orvin. Mr. Scarborough acquired 100% of the stock in 1954 and control of the company is still held entirely by the Scarborough Family today.

The company has been a beacon of integrity since 1925, providing
financial solutions to life’s uncertainties and then delivering at a family’s time of greatest need.


Products are distributed
throughout the Southeast by funeral homes and through a network of individual agents all across South Carolina. Atlantic Coast
Life is licensed to do business in nine Southeastern States.
 

Finances

*The invested assets of Atlantic Coast Life are comprised of long-term bond holdings, preferred and common stocks, mortgage loans, real estate, policy loans and cash. The majority of the company's invested assets are held in investment grade obligations consisting of CMO, agency CMBS, corporates, taxable municipals and U.S. Treasury Notes. The company's preferred and common stock portfolios consist of blue-chip stocks.  Currently, liquidity measures are adequate and the risk-adjusted capital position is favorable for the type of investments and insurance risk written.
 

Officers

Kenneth King - Chairman
Daniel B. Cathcart - Chief Executive Officer
Yancey Wilcox Scarborough III - President
Douglas Anthony George - Executive Vice President of Business Development
George Cox Scarborough - Senior Vice President and Secretary
David G. Charsky - Treasurer
Charles E. Sanders - Vice President-Sales & Marketing
Deborah M. Rose - Vice President-Controller



Board of Directors

Kenneth King - Chairman
Daniel B. Cathcart - CEO
Douglas Anthony George
Ian Kilpatrick
Robert Saliba
Steven R. La Pierre - Secretary
 
 
*Source: Asset Allocation and Management, Inc. Portfolio Risk Analysis for year ended 12/31/2012.
(c) 2012 Atlantic Coast Life Insurance Co.  All rights reserved.
Not Licensed In Every State.
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