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SOUTHERN EDUCATORS LIFE INSURANCE LETTER OF INTENT WITH AIA SERVICES EXPIRES

 SOUTHERN EDUCATORS LIFE INSURANCE LETTER OF INTENT
 WITH AIA SERVICES EXPIRES
 NORCROSS, Ga., May 11 /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 exclusively negotiating with AIA Services Corporation of Lewiston, Idaho, for the merger of their insurance operations, expired on Friday, May 8.
 Southern Educators will continue to negotiate with AIA Services while entertaining other options seen as advantageous to shareholders and others served by the Georgia insurer.
 Southern Educators is a specialty insurance company, engaged principally in the sale and servicing of products designed to aid families in meeting the costs of higher education.
 -0- 5/11/92
 /CONTACT: Ferrell E. White, director of communications and marketing services of Southern Educators Life Insurance, 404-449-4951, ext. 224, or 800-221-1012/
 (SOED) CO: Southern Educators Life Insurance Company; AIA Services
 Corporation ST: Georgia, Idaho IN: INS SU: TNM


EA-BN -- AT013 -- 8699 05/11/92 13:56 EDT
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Publication:PR Newswire
Date:May 11, 1992
Words:172
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