Mutual Savings Life Insurance was founded in January, 1927 in Decatur, Alabama . The Company began with paid-in capital of $6,000 and currently has assets of $544 million with $2.65 billion of life insurance in force. The Company operates in the states of Alabama, Georgia, Mississippi and Tennessee. The Home Office is located at 401 Lee St., Decatur, AL 35601. Primesco, Inc., which owns 100% of the class A common stock of the company, is a privately held corporation, formed in 1997 for the purpose of acquiring Mutual Savings. Primesco is owned by approximately 20 shareholders. C. Larimore Whitaker, the organizer of Primesco, and members of his family are the largest shareholders in Primesco. A London, England based investment firm also is a major shareholder in Primesco. The principal executive officers are C. Larimore Whitaker, the Chairman of the Board, President and Chief Executive Officer of Mutual Savings Life and T. Byron Schreiber, the Senior Vice President and Chief Marketing Officer of Mutual Savings Life.