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