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Time Deadlines Extended for the Proposed Acquisition of North Coast Life Insurance Company by Government Personnel Mutual Life

^{Published on 2011-04-21 15:20:48 - Market Wire}
 

SPOKANE, Wash.--([ BUSINESS WIRE ])--North Coast Life Insurance Company (Pink Sheets: NCLI) is pleased to announce that on April 13, 2011, a Second Amendment was signed to the Non-Binding Proposal for the Acquisition of North Coast Life Insurance Company by Government Personnel Mutual Life. This Second Amendment extends the deadline for consummation of the transaction to September 30, 2011, extendable, upon mutual agreement of the parties to December 31, 2011.

The due diligence period has been extended to May 15, 2011, in order to give Government Personnel Mutual Life an opportunity to resolve any further questions and review any additional information they may deem necessary. Government Personnel Mutual Life hopes that once their review is complete they will be able to make a determination by June 15, 2011, on whether to proceed to negotiate definitive agreements.

For additional information on North Coast Life or its products and services, please visit the Companya™s website at [ www.nclife.com ].