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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 through 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 comprise 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 GNMAs, FNMAs, corporate utilities, and U.S. Treasury Notes. The company's preferred and common stock portfolios consist of blue-chip type stocks. Currently, liquidity measures are adequate and the risk-adjusted capital position is favorable for the type of investments and insurance risk written.
Officers
Chairman, President and Chief Executive Officer, Y. W. Scarborough, III LLIF
Executive Vice President - Treasurer, George C. Scarborough FLMI
Executive Vice President - Secretary, Wallace B. Scarborough
Vice President – Sales & Marketing, Charles E. Sanders CLU, ChFC, LLIF, CPC
Vice President - Controller, Debra M. Rose CPA
Directors
Y. W. Scarborough, III LLIF
G. C. Scarborough FLMI
W. B. Scarborough
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