Lumos Insurance Assumes Credit Insurance Business of Mountain Life and Kentucky Home Life

Transaction adds 200 bank and finance company relationships across six states as Lumos expands its credit insurance platform

CROSSVILLE, Tenn., Oct. 27, 2026 /PRNewswire/ -- Lumos Insurance™ today announced that its life and health insurer, Plateau Insurance Company, has assumed the credit life and credit disability insurance business of Mountain Life Insurance Company and Kentucky Home Life Insurance Company.

Lumos has begun working directly with the lenders and finance companies whose programs are moving to its platform. Policyholders will see no change in their coverage.

"As others leave the market, we are actively growing our credit insurance business," said Vince Bodnar, President, Lumos Insurance. "Over the past several years we invested significant time and money modernizing our systems and controls so we could scale this line. This transaction is the first result of that work. We welcome the lenders and finance companies who have trusted Mountain Life and Kentucky Home Life, and we intend to earn that trust every day."

Bodnar credited the Lumos team for closing the transaction and standing up service for the new accounts. "Our people worked through the diligence, the regulatory process, the systems conversion and the outreach to every new customer, and they did it while running the business they already had."

Lumos has written credit insurance for banks and lending institutions for 45 years. The company is privately held and U.S. family-owned, operating its carriers from Crossville, Tennessee.

"Credit protection is the business Lumos was built on, and it is the business we are investing in," said Ian Meadows, Managing Director of Property and Casualty and leader of the Credit Protection line of business at Lumos. "Lenders want a carrier that is committed to this market for the long term, with the capital, systems and service to back it up."

Lumos continues to evaluate additional credit insurance blocks and program relationships. Lenders and distributors interested in a conversation can reach the company at lumosinsurance.com/contact.

About Lumos Insurance

Lumos Insurance is an insurance holding company with a 45-year history built on serving banks, lending institutions, and their customers through its 49-state-licensed property-casualty insurer (Plateau Casualty Ins. Co.) and 48-state-licensed life and health insurer (Plateau Ins. Co.). Rated A- (Excellent) by AM Best and Tennessee-domiciled, Lumos Insurance and its carriers are actively expanding into new lines of business through both innovative proprietary insurance products and partnerships with market-leading underwriters.

SOURCE Lumos Insurance