It provided individual life insurance and annuity products.

[1] As of 2010[update], UILIC had more than $14 billion of insurance in force with more than 150,000 policies and 1,400 licensed Agents nationwide.

At that time, United Investors Life Insurance Company held the A (Excellent) Financial Strength Rating from AM Best.

[3] Prior to October 1981, all outstanding stock of United Investors Life was held by Waddell & Reed, Inc. (90 percent), the distributor and manager of the “United Group” of Mutual Funds, and its parent, Continental Investment Corporation (10 percent), a financial services holding company.

At that time, Torchmark Corporation, through a subsidiary, acquired all three companies.