Independence Holding Company is a holding company principally engaged in the life and health insurance business. The Company provides specialized life and health coverage and related services to commercial customers and individuals. It focuses on niche products and/or narrowly defined distribution channels primarily in the United States. The Company's wholly owned insurance company subsidiaries, Standard Security Life Insurance Company of New York (Standard Security Life) and Madison National Life Insurance Company, Inc. (Madison National Life), market their products through independent and affiliated brokers, producers and agents. The Companies administrative businesses underwrite, market, administer and/or price life and health insurance business for its owned and affiliated carriers and for non-affiliated insurance companies.