Insurance Holding Company, Insurance Companies Responds to Parent Company Announcements SPOKANE, Wash., Nov. 4 /PRNewswire-FirstCall/ -- The parent holding companies of Western United Life Assurance Company, Old Standard Life Insurance Company and Old West Annuity & Life Insurance Company announced yesterday that they suspended their preferred stock dividends to conserve their liquidity. The dividends of Western United Holding Company were not suspended. Western, Old Standard and Old West want to clarify that that announcement addresses issues relating to the parent holding companies only and not the insurance companies, Western, Old Standard and Old West. Management believes that the insurance companies are adequately capitalized and have sufficient liquidity for their normal operations. Western, Old Standard and Old West's operations are expected to be unaffected by the current issues at the parent companies. Payments on annuities will continue to be made on time as they have been in the past. The life insurance companies will continue to sell products, service clients and payout benefits. Old Standard Life Insurance Company; Old West Annuity & Life Insurance Company DATASOURCE: Western United Holding Company; Western United Life Assurance Company; CONTACT: Mary Keller, Market Development & External Affairs, +1-509-835-2811

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