UTG, INC. (OTCMKTS:UTGN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

At the regular Board of Directors meeting held on December 5, 2018, the members of the Board unanimously approved appointing Mr. Preston Correll and Mr. John Cortines as members of the Board of Directors of the Company.

Mr. Preston Correll is one of the founders of Marksbury Farm Market based in Bryantsville, Kentucky. He also owns and operates St. Asaph Farmin Stanford, Kentucky and focuses on sustainable farming and raising natural meat. He spent a year and a half in India working with the Good Samaritans ministry and now serves on the board of the Friends of the Good Samaritans. Preston is the son of Jess Correll.

Mr. John Cortines is the Chief Operating Officer of Generous Giving. A native of Texas, John began his career as a Petroleum Engineer, most recently with Chevron. While studying at Harvard Business School, John began a journey of discovery on the intersection of faith and wealth which culminated in a decision to leave behind a lucrative post-MBA job to work, speak, and write full-time on generosity.

About UTG, INC. (OTCMKTS:UTGN)

UTG, Inc. is an insurance holding company. The Company is engaged in the individual life insurance business, which includes the servicing of existing insurance business in-force, the acquisition of other companies in the insurance business, and the administration processing of life insurance business for other entities. It operates through the life insurance segment. Its direct subsidiary is Universal Guaranty Life Insurance Company (UG). UG’s product portfolio consists of various life insurance product offerings, such as Ten Pay Whole Life, Tradition and Kid Kare. Ten Pay Whole Life has a level face amount and level premium payable for the first 10 policy years. This product is available for issue ages 0 to 65. The Tradition policy is a fixed premium whole life insurance policy for issue ages 0 to 75. The Kid Kare product is a single premium level term policy to age 21. The Company offers mortgage loans, which include commercial loans and residential loans.