Ascent Assurance, Inc. is engaged in the development, marketing, underwriting and administration of medical expense and supplemental health insurance products, primarily to self-employed individuals and small business owners. Its revenues result primarily from premiums and fees from the insurance products sold or reinsured by its wholly owned life and health insurance subsidiaries: National Foundation Life Insurance Company, Freedom Life Insurance Company of America, National Financial Insurance Company and American Insurance Company of Texas (collectively, the Insurance Subsidiaries). The Insurance Subsidiaries are licensed to conduct business in 40 states and the District of Columbia. The Company also derives fee and service revenue from telemarketing services, printing services, renewal commissions for prior year sales of both affiliated and unaffiliated insurance products and commissions on the sale of the benefits of unaffiliated membership benefit programs.