Houston, TX — Sierra Financial Holdings, LLC, a Houston-based financial services firm, has successfully completed the acquisition of Preferred Security Life Insurance Company (PSLIC), a Texas-domiciled life insurer headquartered in Colorado Springs. The transaction received final regulatory approval from the Texas Department of Insurance and officially closed on April 1.
Founded in 1994, PSLIC specializes in stipulated premium life insurance and will now operate under Sierra’s expanding financial services umbrella. Established in 2010, Sierra Financial Holdings focuses on delivering mortgage and insurance solutions, with a strong emphasis on serving the Latino community across multiple states.
This acquisition marks a strategic milestone for Sierra as it deepens its footprint in the life insurance market and strengthens the synergy between its mortgage and insurance offerings.
Sierra’s family of companies includes Sierra Mortgage Capital, a national conduit for residential whole loans; Sierra Lending Group and Sierra Lending Corporation, which provide retail mortgage lending services in Texas and California; and Sierra Insurance Services, which delivers life insurance products tailored to the needs of the Latino demographic.
The integration of PSLIC is expected to enhance Sierra’s ability to offer comprehensive financial services and expand access to life insurance products in underserved markets.
