HL ), ▁formerly ▁Om ni ▁Life ▁In sur ance ▁Company ▁was ▁an ▁ins urance ▁company ▁based ▁in ▁Or lando , ▁Florida ▁in ▁the ▁United ▁States . ▁The ▁company ▁mainly ▁sold ▁ann u ities ▁and ▁some ▁life ▁ins urance ▁policies . ▁In ▁the ▁late ▁ 1 9 8 0 s , ▁the ▁business ▁was ▁failing , ▁and ▁they ▁were ▁threatened ▁by ▁regul ators ▁to ▁be ▁shut ▁down . ▁Due ▁to ▁fra ud ▁and ▁bad ▁business ▁deal ings ▁they , ▁were ▁liquid ated ▁in ▁ 1 9 9 6 . ▁ ▁History ▁▁ ▁National ▁Heritage ▁Life ▁( N HL ) ▁headquarters ▁located ▁in ▁Or lando ▁Florida , ▁special ized ▁in ▁the ▁sale ▁of ▁tax - de ferred ▁ann u ities ▁and ▁interest - sens itive ▁life ▁ins urance ▁products . ▁At ▁the ▁time ▁of ▁liquid ation ▁they ▁had ▁approximately ▁ 2 0 , 5 9 5 ▁ann u ity ▁contract s ▁and ▁ 3 , 8 8 8 ▁life ▁policy ▁contract s ▁from ▁policy hold ers . ▁ ▁In ▁late ▁ 1 9 8 9 , ▁National ▁Heritage ▁reported ▁an ▁operating ▁loss ▁and ▁ 2 7 % ▁reduction ▁of ▁capital ▁from ▁a ▁decl ine ▁of ▁sales , ▁and ▁in ▁ 1 9 9 0 , ▁ins urance ▁regul ators ▁threatened ▁to ▁shut ▁down ▁the ▁company ▁if ▁it ▁did ▁not ▁raise ▁additional ▁capital . ▁A ▁group ▁of ▁invest ors ▁offered ▁$ 4 ▁million ▁to ▁satisfy ▁regul ators , ▁in ▁exchange ▁for ▁a ▁cont rolling ▁interest ▁in ▁National ▁Heritage . ▁The ▁group ▁provided ▁a ▁$ 4 ▁million