Exhibit 10.7
                                                                   ------------

                 AMENDMENT EXTENDING INDEPENDENT AGENT CONTRACT


     This is an amendment ("Amendment") extending the Independent Agent Contract
("Independent Agent Contract") effective June 25, 1997 between UNITED AMERICAN
INSURANCE COMPANY ("United") or ("Company"), and W&R INSURANCE AGENCY, INC.
("Independent Agent"), as follows:

     1.  The termination paragraph of the Independent Agent Contract is amended
to read as follows:

     A.   This Contract is effective from its Effective Date and, unless further
          extended by the parties, will terminate on December 31, 1998.

     2.  In all other respects, the Independent Agent Contract is unchanged.
The parties ratify and confirm the Independent Agent Contract as amended by this
Amendment.

     Executed this the 3rd day of March, 1998.

                                 UNITED AMERICAN
                                 INSURANCE COMPANY

                                 By:  /s/ Larry M. Hutchison
                                      ----------------------
                                      Larry M. Hutchison


                                 W&R INSURANCE AGENCY, INC.

                                 By:  /s/ Robert L. Hechler
                                      ---------------------
                                      Robert L. Hechler