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SOUTHERN EDUCATORS ANNOUNCES EXPIRATION OF LETTER OF INTENT

 SOUTHERN EDUCATORS ANNOUNCES EXPIRATION OF LETTER OF INTENT
 NORCROSS, Ga., July 20 /PRNewswire/ -- I.F. Williams Sr., chairman of the board and president of Southern Educators Life Insurance Company (NASDAQ: SOED), Norcross, Ga., today announced that the letter of intent under which the company had been negotiating exclusively with Collateral Investment Corporation of Birmingham, Ala., for the merger of their insurance operations expired on Thursday, July 16.
 The two companies could not arrive at a structure that was mutually acceptable.
 Southern Educators will negotiate other options seen as advantageous to shareholders and others served by the Georgia insurer.
 Southern Educators is a specialty life insurance company, engaged principally in the sale and servicing of products designed to aid families in meeting the costs of higher education.
 -0- 7/20/92
 /CONTACT: Ferrell E. White, director of Communications and Marketing Services of Southern Educators, 404-449-4951, ext. 224, or 800-221-1012/
 (SOED) CO: Southern Educators Life Insurance Company; Collateral Investment
 Corporation ST: Georgia, Alabama IN: INS SU: TNM


EA-BR -- AT009 -- 0676 07/20/92 11:02 EDT
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Publication:PR Newswire
Date:Jul 20, 1992
Words:174
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