AMERUS LIFE HOLDINGS INC
8-K, 1999-12-23
LIFE INSURANCE
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


       Date of Report (Date of earliest event reported: December 17, 1999)


                           AMERUS LIFE HOLDINGS, INC.
               (Exact Name of Registrant as Specified in Charter)


IOWA                                   0-21459               42-1459712
(State or Other Jurisdiction   (Commission File Number)      (IRS Employer
of Incorporation)                                            Identification No.)


699 WALNUT STREET
DES MOINES, IOWA                                  50309-3948
(Address of Principal Executive Offices)          (Zip Code)


Registrant's telephone number, including area code:  (515) 362-3600


<PAGE>


ITEM 5.  OTHER EVENTS

         Please see the News Release attached hereto as Exhibit 99.1.


                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

                                              AMERUS LIFE HOLDINGS, INC.

                                              By: /s/ Victor N. Daley
                                                 ------------------------
                                                 Victor N. Daley
                                                 Senior Vice President,
                                                 Chief Administration and
                                                 Human Resource Officer

Dated:  December 23, 1999




                                                                    Exhibit 99.1


                                     EXHIBIT


                 BOARDS APPROVE PLANS RELATED TO DEMUTUALIZATION
                       OF AMERICAN MUTUAL HOLDING COMPANY


DES MOINES, Iowa (December 20, 1999) -- American Mutual Holding Company and
AmerUs Life Holdings, Inc. (NYSE: AMH) announced today that their respective
boards of directors have approved plans for the demutualization of American
Mutual Holding Company (American Mutual) and the merger of AmerUs Life Holdings
into American Mutual following the demutualization. Upon completion of the
demutualization, American Mutual would be a public company and change its name
to AmerUs Group and be traded on the New York Stock Exchange under the symbol
"AMH." American Mutual is a mutual insurance holding company and owns
approximately 58% of AmerUs Life Holdings, Inc.

         Earlier this year the board of American Mutual had authorized
management to review the potential benefits of demutualization. To complete the
demutualization and merger, approval is needed from the members of American
Mutual, the Iowa Insurance Commissioner and shareholders of AmerUs Life
Holdings. Members of American Mutual and shareholders of AmerUs Life Holdings
will be asked to approve the proposed demutualization and merger plans early
next year.

         Members of American Mutual Holding Company will receive shares of
AmerUs Group, cash or policy credits as a result of the demutualization.
Shareholders of AmerUs Life Holdings will receive shares in AmerUs Group in a
one-for-one exchange.

         American Mutual was formed in 1996 when AmerUs Life Insurance Company
was reorganized under Iowa's mutual insurance holding company law into a stock
insurance company. American Mutual is owned by its members who are also
policyowners of AmerUs Life Insurance Company, a wholly-owned subsidiary of
AmerUs Life Holdings, Inc.

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