2008-05-21 23:41:41 -

- Fitch Ratings has withdrawn its quantitative insurer financial strength (Q-IFS) ratings on three life insurance companies that no longer meet Fitch's criteria to be eligible to receive a Q-IFS rating.

For more information on Fitch's Q-IFS ratings, visit the Fitch web site www.fitchratings.com. A special report titled 'Quantitative Insurers Financial Strength Ratings Methodology: U.S. Life Insurers' can be

found in the Criteria Reports section on the Sector marked 'Insurance'

The following ratings are withdrawn by Fitch:

MTM Life Insurance Company (NAIC Code 66222)

--Q-IFS 'Bq'.

Farmers & Traders Life Insurance Company (NAIC Code 63193)

--Q-IFS 'BBBq'.

Benicorp Insurance Company (NAIC Code 69752)

--Q-IFS 'Bq'.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site. The issuer did not participate in the rating process other than through the medium of its public disclosure.

Fitch Ratings
Douglas L. Meyer, CFA, 312-368-2061 (Chicago)
Lynn Santimauro, 212-908-0279 (New York)
Kenneth Reed, 212-908-0540
(Media Relations, New York)