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Citadel Life Insurance Company to Expand Operations in 1963

The Citadel Life Insurance Company of New York, a joint undertaking in the United States of American and Israeli business interests, today announced plans to expand its operations as a result of substantial gains achieved in 1962.

In a year-end report to stockholders, M. B. Pomrock, of Haifa, president of Citadel Life, reported that the company sold approximately $12, 000, 000 in life insurance in 1962 now has in force $22, 000, 000 in insurance after 30 months of operation.