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Financial Industries Corporation: FIC to Cease Underwriting New Insurance Policies
AUSTIN, TX (MARKET WIRE) Financial Industries Corporation (PINKSHEETS: FNIN) announced today that in connection with its review of strategic alternatives, which resulted in the previously announced agreement and plan of merger pursuant to which Americo Life, Inc., is expected to acquire FIC in the second quarter of this year, it has also determined that it will immediately cease underwriting new insurance policies.