<ARTICLE> 7
<LEGEND> This schedule contains summary financial information extracted from 
Statements of Financial Position; Statements of Operations; and Statements of
Cash Flows and is qualified in its entirety by reference to such financial
statements.</LEGEND>
<MULTIPLIER> 1,000
       
                                                  
<PERIOD-TYPE>                   3-MOS                  12-MOS
<FISCAL-YEAR-END>                        DEC-31-1996               DEC-31-1995
<PERIOD-START>                           JAN-01-1996               JAN-01-1995
<PERIOD-END>                             MAR-31-1996               DEC-31-1995
<DEBT-HELD-FOR-SALE>                       1,334,675                 1,424,893
<DEBT-CARRYING-VALUE>                              0                         0
<DEBT-MARKET-VALUE>                                0                         0
<EQUITIES>                                         0                         0
<MORTGAGE>                                    85,454                    86,394
<REAL-ESTATE>                                      0                         0
<TOTAL-INVEST>                             1,451,151                 1,541,329
<CASH>                                         1,541                     1,472
<RECOVER-REINSURE>                             3,548                     3,331
<DEFERRED-ACQUISITION>                        55,550                    53,944
<TOTAL-ASSETS>                             1,766,625                 1,842,969
<POLICY-LOSSES>                              811,450                   838,739
<UNEARNED-PREMIUMS>                                0                         0
<POLICY-OTHER>                                     0                         0
<POLICY-HOLDER-FUNDS>                        506,817                   499,548
<NOTES-PAYABLE>                                    0                         0
<COMMON>                                       2,000                     2,000
<PREFERRED-MANDATORY>                              0                         0
<PREFERRED>                                        0                         0
<OTHER-SE>                                   208,326                   248,067
<TOTAL-LIABILITY-AND-EQUITY>               1,766,625                 1,842,969
<PREMIUMS>                                    28,804                   148,316
<INVESTMENT-INCOME>                           27,594                   104,384
<INVESTMENT-GAINS>                              (69)                   (1,846)
<OTHER-INCOME>                                     0                         0
<BENEFITS>                                    43,017                   198,055
<UNDERWRITING-AMORTIZATION>                    1,147                     5,502
<UNDERWRITING-OTHER>                               0                         0
<INCOME-PRETAX>                                7,692                    29,433
<INCOME-TAX>                                   2,767                     9,911
<INCOME-CONTINUING>                            4,925                    19,522
<DISCONTINUED>                                     0                         0
<EXTRAORDINARY>                                    0                         0
<CHANGES>                                          0                         0
<NET-INCOME>                                   4,925                    19,522
<EPS-PRIMARY>                                  61.56                    244.03
<EPS-DILUTED>                                  61.56                    244.03
<RESERVE-OPEN>                                 5,009                     3,527
<PROVISION-CURRENT>                            3,527                    10,806
<PROVISION-PRIOR>                                 53                       134
<PAYMENTS-CURRENT>                             4,166                     9,397
<PAYMENTS-PRIOR>                                  93                        60
<RESERVE-CLOSE>                                4,330                     5,009
<CUMULATIVE-DEFICIENCY>                            0                         0