Independence Holding Company Announces Semi-Annual Cash Dividend

Independence Holding Company Announces Semi-Annual Cash Dividend

STAMFORD, Conn., Nov. 19, 2012 (GLOBE NEWSWIRE) -- Independence Holding
Company (NYSE:IHC) today reported declaration of its semi-annual cash dividend
of $0.035 per share of common stock, payable to stockholders of record on
November 30, 2012, with a payment date of December 21, 2012.

About Independence Holding Company

IHC is a holding company principally engaged in the life and health insurance
business and the acquisition of blocks of policies through its insurance
company subsidiaries (Standard Security Life Insurance Company of New York,
Madison National Life Insurance Company, Inc. and Independence American
Insurance Company) and its marketing and administrative affiliates.Standard
Security Life markets medical stop-loss, small group major medical, short-term
medical, major medical for individuals and families, limited medical, group
long and short-term disability and life, dental, vision and managed health
care products. Madison Life sells group life and disability, employer medical
stop-loss, small group major medical, major medical for individuals and
families, short-term medical, dental, vision, and individual life insurance.
Independence American offers major medical for individuals and families,
medical stop-loss, small group major medical, short-term medical and pet
insurance. IHC owns certain subsidiaries through its majority ownership of
American Independence Corp. (Nasdaq:AMIC), which is a holding company
principally engaged in the insurance and reinsurance business.

CONTACT: DAVID T. KETTIG
         (212) 355-4141
         www.ihcgroup.com
 
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