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UNITED INSURANCE COMPANIES, INC. EXTENDS TENDER OFFER

 DALLAS, Feb. 24 /PRNewswire/ -- United Insurance Companies, Inc., (NASDAQ: UICI) today announced that it has extended its cash tender offer for all outstanding shares of Southern Educators Life Insurance Company at $8.10 per share, net to the shareholder.
 The offer and withdrawal rights will expire at 5 p.m., New York City time on Friday, March 26, 1993, unless the offer is further extended. Approximately 2,277,126 shares have been tendered through Feb. 23, 1993 (or approximately 89.57 percent of the outstanding shares).
 United, headquartered in Dallas, is an insurance holding company which specializes in co-insuring and writing accident and health and life insurance in specific markets through its majority-owned life insurance companies.
 -0- 2/24/93
 /CONTACT: Vernon Woelke, chief financial officer of United Insurance Companies, Inc., 214-960-8497/
 (UICI)


CO: United Insurance Companies, Inc. ST: Texas IN: INS SU: OFR

CK -- NY039 -- 9915 02/24/93 12:32 EST
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Publication:PR Newswire
Date:Feb 24, 1993
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