Southland National Insurance

What Southland National Insurance does

Southland National Insurance Corporation is a life insurance carrier founded in 1969 and now defunct in operational terms. Historically, it issued life insurance policies to individual policyholders across multiple U.S. states, including a separate Louisiana support line, with policy administration handled through standard carrier functions such as beneficiary changes, lost-policy replacement, and claims processing. The company was associated with owner/operator Greg Lindberg and operated as a single-product life insurer without disclosed subsidiaries, public listing, or institutional investor base.

The business model relied on underwriting and servicing life insurance policies, generating revenue via premium inflows on its in-force book. No pricing model, distribution channels, or product-tier structure is disclosed in the source material, and no technology platform, AI capability, or proprietary system is described beyond a basic informational website used to host policyholder forms.

The company is currently in liquidation under court supervision. The North Carolina Insurance Commissioner, through a court-appointed Special Deputy Rehabilitator, is overseeing wind-down. A court-ordered moratorium on policy surrenders is in force, claims are being administered by Universal Fidelity Life Insurance Company, and the North Carolina Court of Appeals affirmed the liquidation order on June 20, 2023. The operating status is closed and there are no active sales, marketing, or hiring activities.

Name

Southland National Insurance

Legal name

Southland National Insurance Corporation

Website

https://southlandnational.com

Company type

Private

Founded year

1969

Operating status

Closed

Headcount range

11–50 employees

Short description

Southland National Insurance Corporation was a U.S. life insurance carrier founded in 1969, now in court-supervised liquidation under the North Carolina Insurance Commissioner following a DOJ indictment of its principal owner and a moratorium on policy surrenders.

Ownership category

akta.pro rank

Product category

Life Insurance

NAICS

Direct Life Insurance Carriers (524113)

SIC

Life Insurance (6311)

akta.pro industry

PRIMARYFSAIABAA

Whole Life Insurance

Financial & Insurance/Insurance — Life & Health/Whole & Universal Life Insurance

SECONDARYFSAIAAAA

Level Term Life Insurance

Financial & Insurance/Insurance — Life & Health/Term Life Insurance

Keywords

• Life insurance
• Insurance policies
• Policy administration
• Claims processing
• Premium payments

Headquarters

HQ city

San Antonio

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Others, Marketing or Sales

Core offering

Southland National Insurance Corporation provided life insurance policies to individual policyholders as its core offering. The company is currently in liquidation under court supervision, with existing policy administration and claims processing being administered through the receivership process overseen by the North Carolina Department of Insurance. Claims are handled by Universal Fidelity Life Insurance Company.

Product overview

Southland National Insurance Corporation offers life insurance products. The company operates as a single core product offering (life insurance policies) and is currently in liquidation under court supervision. The product portfolio includes various policy management services such as beneficiary changes, lost policy replacement, and claims processing, all administered through the receivership process.

Differentiator

Problem solved

Functional benefit

Products and services

• Life Insurance Policies Life insurance policies issued to individual policyholders, including support for beneficiary designations, premium payments, and beneficiary death benefits. Policies were issued in multiple states (with separate administration for Louisiana and non-Louisiana policyholders). The company is in liquidation and no longer actively selling new policies; existing in-force policies are being administered through the court-supervised receivership process.
• Policy Administration and Servicing Ongoing policy administration services for existing life insurance policyholders during the liquidation/receivership period, including banking/ACH information updates, beneficiary name or address changes, and lost policy replacement. Services are administered by Universal Fidelity Life Insurance Company (claims) and Southland National Insurance Corporation (premiums).
• Claims Processing Services Claims processing and administration for life insurance policyholders and beneficiaries, currently handled by Universal Fidelity Life Insurance Company under the receivership arrangement. Includes a claimant packet for filing proof of claims during liquidation.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered operational and primary.

• Universal Fidelity Life Insurance CompanyoperationalOthersUniversal Fidelity Life Insurance Company handles claims processing for Southland National Insurance. Claims should be mailed to Universal Fidelity Life Insurance Company at P.O. Box 1626, Duncan, OK 73534-1626.
• North Carolina Department of InsuranceprimaryOthersThe Insurance Commissioner for the State of North Carolina oversees the receivership. The Special Deputy Rehabilitator, appointed by the Commissioner, provides or approves all official documents related to the liquidation process. All documents on the website are provided or approved by the Special Deputy Rehabilitator in his capacity as court-appointed Rehabilitator.

Scale indicators1 record

Recent moves6 records

Direct peers

• Universal Fidelity Life Insurance Company: Oklahoma-domiciled life and health insurer that administers claims processing for Southland National Insurance under the liquidation. Operates in the same small-carrier life insurance segment with overlapping policy servicing functions.
• North Carolina Mutual Life Insurance Company: Historically the largest African-American-owned life insurer and a peer in the small/midsize U.S. life insurance market. Comparable as a private or mutualized life carrier focused on niche customer segments.
• CBLife (Colorado Bankers Life Insurance / Greg Lindberg-related entity): References on the Southland National website (e.g., 'cblife.com/forms/...') link to CBLife filings, indicating operational entanglement. Direct comparable life insurance carrier tied to the same ownership/regulatory environment.
• Liberty Bankers Life Insurance Company: Specialty life and annuity carrier focused on simplified-issue and final-expense policies. Comparable in scale, target market (middle-income American families), and product mix to Southland National's historical book.
• Lincoln Heritage Life Insurance Company: Direct-marketed life and final-expense insurer targeting similar middle-market U.S. consumers. Comparable business model, distribution approach, and policy types for a small private life carrier.
• Senior Life Insurance Company: Final-expense and simplified-issue life carrier focused on senior policyholders. Comparable as a small private life insurer serving similar U.S. demographic segments.

Broad incumbents

• Royal Neighbors of America: Fraternal benefit society offering life insurance and annuities to a niche demographic. Adjacent to the small-carrier life insurance space though structured as a membership organization rather than a stock carrier.
• Globe Life Inc. Large public life and supplemental health insurer with a substantial small-policy book. Comparable on product type (whole life, term life) and target demographic, though materially larger and more diversified.

Market position

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights1 record

Customer concentration

• LinkedInlinkedin.com/company/southland-national-insurance

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Southland National Insurance