SPOKANE, Wash.--(BUSINESS WIRE)--North Coast Life Insurance Company (OTCBB: NCLIP) (Pink Sheets: NCLI) today announced that it had extended its nonbinding letter of intent dated October 5, 2010, as amended January 25, 2011, with Government Personnel Mutual Life Insurance Company (GPM Life) to extend the due diligence period. The letter of intent, as amended, contemplates that GPM Life will complete its due diligence investigation and enter into a binding agreement to acquire NCLI by December 31st of this year. If approved, the transaction is expected to close during the first quarter of 2012.
For additional information on North Coast Life or its products and services, please visit the Company's website at www.nclife.com.