We hereby consent to the inclusion of our opinion letter to
the special committee of the Board of Directors of Investors
Heritage Life Insurance Company (the "Company") as an Appendix to
the Joint Proxy Statement/Prospectus relating to the proposed
share exchange with Kentucky Investors Inc. and the Company
contained in the Registration Statement on Form S-4 and Form
13E-3 of the Company filed with the Securities and Exchange
Commission, and to the references to our firm and such opinion in
such Joint Proxy Statement/Prospectus.



September 27, 1999       THE ROBINSON-HUMPHREY COMPANY, LLC