Doug Reynolds Quotations

From auto, property and life insurance to retirement annuities, Horace Mann is dedicated to helping America's educators develop insurance and retirement plans to meet their unique needs - at an affordable price.

We are extremely pleased to reduce rates for educators who give so much to our community. The facts prove that teachers are a better insurance risk with fewer claims, so we are passing the savings along by reducing their rates. We've also increased our auto discount for customers who have other lines of business with us, such as life or homeowner insurance or an annuity.

Clearly the SEC is worried about companies abusing this. Companies will need to support to their auditors, and potentially to the SEC, how they determined at what point redemption becomes remote or the obligation ceases.