NACOLAH Holding Corporation

Life Insurance Company

In December 1993, III, in partnership with DLJ Merchant Banking, Inc. and Life Reassurance Corporation of America, completed the acquisition of NACOLAH, a Chicago-based life insurance company that offered a wide array of term life and mortality-based term and universal life insurance products. In March 1996, the company was purchased by Sammons Enterprises Inc., a privately held corporation that has been in the insurance business since 1938.