Independence Holding Company Announces Commencement of Tender Offer for American Independence Corp. Common Stock

Independence Holding Company Announces Commencement of Tender Offer for
American Independence Corp. Common Stock

STAMFORD, Conn., Sept. 4, 2013 (GLOBE NEWSWIRE) -- Independence Holding
Company (NYSE:IHC) today announced that it has commenced a tender offer to
purchase up to 762,640 shares of the common stock of American Independence
Corp. (Nasdaq:AMIC) for $10.00 net per share in cash (the "Tender Offer"). The
Tender Offer will expire at 5:00 P.M. New York City time on Wednesday, October
2, 2013, unless extended by IHC.If the Tender Offer is fully subscribed,
following the Tender Offer, IHC and its subsidiaries may own up to 90% of
AMIC's outstanding common stock.

The complete terms and conditions of the Tender Offer are set forth in the
offer to purchase and letter of transmittal being sent to holders of AMIC
common stock.AMIC stockholders are urged to read the Tender Offer documents
carefully.This press release is neither an offer to purchase nor a
solicitation to buy any shares of stock, nor is it a solicitation for
acceptance of the Tender Offer.IHC is making the Tender Offer only by, and
pursuant to the terms of, the offer to purchase and the related letter of
transmittal.The Tender Offer is not being made in any jurisdiction in which
the making or acceptance thereof would not be in compliance with the
securities, blue-sky or other laws of such jurisdiction.None of IHC, any of
its affiliates (excluding AMIC), the depositary, the information agent and the
advisors and representatives of IHC is making any recommendation as to whether
or not AMIC stockholders should tender their shares in the Tender Offer.

IHC has filed a Tender Offer Statement on Schedule TO (including the offer to
purchase and related letter of transmittal) with the Securities and Exchange
Commission ("SEC").Before deciding to participate in the Tender Offer, AMIC
stockholders should read the offer to purchase and the other documents IHC has
filed with the SEC for more complete information about the Tender Offer.These
documents may be obtained for free at the SEC's website, www.sec.gov. They may
also be obtained on IHC's website at www.ihcgroup.com under the "Investors"
tab under "Corporate."Copies of the offer to purchase and the letter of
transmittal may also be obtained from Registrar and Transfer Company, the
information agent for the Tender Offer, at (800) 368-5948.

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, limited medical, group long and short-term disability and life,
dental, vision and various supplemental products. Madison Life sells group
life and disability, small group major medical, major medical for individuals
and families, dental, individual life insurance, and various supplemental
products. Independence American offers major medical for individuals and
families, medical stop-loss, small group major medical, short-term medical,
pet insurance, and non-subscriber occupational accident and international
coverages. 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: ADAM C. VANDERVOORT
         (646) 509-2156
         www.ihcgroup.com
 
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