ALFA CORP
8-K/A, 1995-06-09
LIFE INSURANCE
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<PAGE>
 
                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C. 20549

                                   FORM 8-K/A

                                CURRENT REPORT

                    Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934

Date of Report
(Date of earliest event reported)                              June 9, 1995

                               ALFA CORPORATION
             -----------------------------------------------------
             (Exact name of Registrant as specified in its charter)


        Delaware                       0-11773                     63-0838024
- --------------------------------------------------------------------------------
     (State or Other                 (Commission                  (IRS Employer
Jurisdiction of Incorporation        File Number)                 Identification
     or Organization)                                                   No.)


           2108 East South Boulevard, Montgomery, Alabama 36116-2015
            (Mail: P.O. Box 11000, Montgomery, Alabama 36191-0001)
           ----------------------------------------------------------
             (Address and Zip Code of Principal Executive Offices)

Registrant's Telephone Number,   (334) 288-3900
                               ------------------
<PAGE>
 
Item 4.  Changes in Registrant's Certifying Accountants.
         -----------------------------------------------

        This amends the Form 8-K filed by the Registrant on May 22, 1995.

        Coopers & Lybrand was previously the principal accountant for
Registrant. On May 22, 1995 Coopers & Lybrand's appointment as principal
accountants was terminated and KPMG Peat Marwick was engaged as principal
accountant for the Registrant. The decision to change accountants was
recommended by the Audit Committee and approved by the Board of Directors of the
Registrant.

        There was no disagreement between Registrant and Coopers & Lybrand on
any matter which would have caused the auditor to refer to the subject matter of
the disagreement in connection with its report. The Board of Directors 
determined that it was in the best interest of the Registrant to allow both 
Coopers & Lybrand and other qualified accounting firms to make proposals for 
providing accounting services to the Registrant and to submit bids for the 
providing of such service. Proposals were solicited and received. After 
reviewing the proposals from all the submitting accounting firms, it was 
determined that it was in the best interest of the Registrant to make a change 
in accounting firms at this time.

        The Audit Reports of Coopers & Lybrand on the Consolidated Financial
Statements of Registrant and subsidiaries as of and for the years ended December
31, 1994 and 1993, did not contain any adverse opinion or disclaimer of opinion,
nor were they qualified or modified as to uncertainty, audit scope, or
accounting principals. A letter from Coopers & Lybrand is attached as Exhibit A
to this 8-K.


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

                                                ALFA CORPORATION


                                                By: /s/ Goodwin L. Myrick
                                                   ----------------------------
                                                            President



<PAGE>
 

                      [LETTERHEAD OF COOPERS & LYBRAND APPEARS HERE]





June 7, 1995


Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549

Gentlemen:

We have read the statements made by Alfa Corporation (copy attached), which we
understand will be filed with the Commission, pursuant to Item 4 of Form 8-K, as
part of the Company's Form 8-K/A report for the month of June 1995. We agree
with the statements concerning our Firm in such 8-K/A.

Very truly yours,




/s/ Coopers & Lybrand L.L.P.
Coopers & Lybrand L.L.P.








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