<ARTICLE> 7
       
                                                  
<PERIOD-TYPE>                   YEAR                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995             DEC-31-1994
<PERIOD-END>                               DEC-31-1995             DEC-31-1994
<DEBT-HELD-FOR-SALE>                         3,226,175               3,337,672
<DEBT-CARRYING-VALUE>                      191,074,220             183,792,794
<DEBT-MARKET-VALUE>                        197,006,257             171,935,030
<EQUITIES>                                   1,946,481                 911,012
<MORTGAGE>                                  13,891,762              15,822,056
<REAL-ESTATE>                               11,978,575              11,737,847
<TOTAL-INVEST>                             244,815,985             237,820,114
<CASH>                                      12,528,025              11,697,067
<RECOVER-REINSURE>                          14,401,901              13,919,626
<DEFERRED-ACQUISITION>                      11,436,728              10,634,476
<TOTAL-ASSETS>                             356,392,695             360,258,123
<POLICY-LOSSES>                                      0                       0
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<POLICY-OTHER>                             243,044,963             234,875,800
<POLICY-HOLDER-FUNDS>                       18,751,982              17,438,768
<NOTES-PAYABLE>                            214,474,285             220,532,893
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                       373,519                 373,119
<OTHER-SE>                                  18,648,737              21,495,976
<TOTAL-LIABILITY-AND-EQUITY>               356,392,695             360,258,123
<PREMIUMS>                                  29,998,125              32,404,489
<INVESTMENT-INCOME>                         15,456,224              14,368,446
<INVESTMENT-GAINS>                            (124,235)             (1,436,521)
<OTHER-INCOME>                               4,538,970               3,870,214
<BENEFITS>                                  29,855,764              29,661,234
<UNDERWRITING-AMORTIZATION>                  4,907,653               4,060,425
<UNDERWRITING-OTHER>                        26,481,487              18,984,366
<INCOME-PRETAX>                            (11,375,820)             (3,499,397)
<INCOME-TAX>                                (4,571,028)             (1,965,084)
<INCOME-CONTINUING>                         (3,001,245)             (1,623,600)
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                (3,001,245)             (1,623,600)
<EPS-PRIMARY>                                     (.16)                   (.09)
<EPS-DILUTED>                                     (.16)                   (.09)
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