Independence Holding Company Announces Semi-Annual Cash Dividend

Independence Holding Company Announces Semi-Annual Cash Dividend

STAMFORD, Conn., Dec. 27, 2013 (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
January 6, 2014, with a payment date of January 20, 2014.

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, group major medical, short-term
medical, limited medical, group long-term and short-term disability and life,
dental, vision and various supplemental products. Madison National Life sells
group life and disability, group major medical, dental, individual life
insurance and various supplemental products. Independence American offers pet
insurance, non-subscriber occupational accident, international coverages,
small-group major medical and short-term medical. 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 VANDERVOORT
         (646) 509-2156
         www.IHCGroup.com