EMPLOYMENT AGREEMENT

FRANK T. CROHN



AGREEMENT  made  this  8th  day of  April,  1996,  between  AMVESTORS  FINANCIAL
CORPORATION  ("AMV") and FRANK T. CROHN (the  "Employee").  In  consideration of
their mutual promises, the parties agree as follows:
          1.      Term.
                   Unless  terminated  earlier,  as provided below,  the term of
this Agreement  shall begin on April 8, 1996, and end with the close of business
on April 7, 1998.
          2.      Employment.
                   AMV agrees to have Financial  Benefit Life Insurance  Company
("FBL") employ Employee and to cause him, for the term of this Agreement,  to be
elected a director and maintained, to the extent he remains able, as Chairman of
the Board of Directors of FBL, Annuity  International  Marketing Corporation and
The Insurancemart, Inc.
                   a.      Employee, in addition, shall serve as the Chairman of
any subsidiary corporation of AMV that the Board
of Directors of AMV may reasonably request.
                   b.      The place of employment and any service shall be only
Boca Raton, Florida or its immediate vicinity,
unless Employee agrees otherwise.
                   c. During the period of employment,  Employee's  duties shall
be to consult with, and advise,  management and the Board of Directors of FBL in
marketing matters and insurance company administration, but shall not be obliged
to devote more than five hundred (500) hours per year to all FBL  activities and
duties.
                   d.      Employee may serve as director in companies not
affiliated with AMV.
                   e. Employee shall be furnished,  at his election,  a suitable
office in Boca Raton,  Florida.  He shall be furnished a full-time  secretary of
his own choosing for his  exclusive  use and such work area as he may  designate
for such secretary at a reasonable cost.
          3.      Compensation.
                   a.      Current Salary.
                     AMV agrees to authorize FBL to pay Employee for his
services compensation of $200,000 per year, subject to
increases as determined by the Board of FBL, and, subject to such withholding of
taxes and other  amounts as may be  required by law,  payable in equal  periodic
installments in accordance with FBL policy.
                   b.      Stock Options.
                     At the inception of this Agreement, Employee shall be
granted 75,000  non-qualified stock options under AMV's 1989 Non-qualified Stock
Option Plan, at the market price at the time of issue.
          4.      Fringe Benefits.
                   Employee  shall be entitled to  participate in all group life
and group health insurance programs,  and all other fringe benefits,  retirement
plans and stock option plans that FBL may, in its sole and absolute  discretion,
elect to make  available  to employees of FBL,  other than the  Incentive  Bonus
Agreement and the Bonus Compensation Agreement.
          5.      Expenses.
                   AMV  agrees  to  allow  FBL to  reimburse  the  Employee  for
reasonable  and  necessary  expenses  incurred  by him  on  FBL's  business.  In
addition, AMV agrees to authorize FBL to furnish to Employee the same automobile
furnished  to Employee by  Financial  Benefit  Group (and any  replacement  made
necessary)  including  insurance,  maintenance,  and fuel,  for his business and
personal use, and the right to purchase it at book value on  termination of this
Agreement.
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          6.      Life Insurance.
                   There are now four life insurance policies on Employee's life
held by Financial Benefit Group, Inc. Upon execution of this Agreement, Employee
may purchase these four policies at their then cash values.
          7.      Illness or Disability.
                   In the event of the  illness,  accident  or other  disability
(mental or  physical)  of the Employee  during the period of  employment,  which
necessitates his absence,  the  compensation  payable to him pursuant to Section
3(a) shall nonetheless  continue for a perio d of up to six (6) months following
such illness,  accident or disability,  but in no event beyond December 31, 1997
April 7, 1998.
          8.      Payment upon Expiration by Death or Expiration of Term.
                   Upon the death of Employee during the period of employment,
or the expiration of the original term as provided
in this  Agreement,  the  obligation of AMV or FBL to make  payments  under this
Agreement  shall  cease,  except to the extent that  Employee or his  Executors,
Administrators  or other legal  representatives,  or the  Beneficiary,  shall be
entitled to receive, as applicable:
                     (1)  Employee's current compensation due and unpaid,
adjusted to the date of death or contractual expiration; and
(2) Repayment of any reasonable expense sums advanced by the Employee.
9. Termination of Employment. Notwithstanding the above, Employee's employment
may, prior to expiration, be terminated "for cause" which shall mean:
a. Conviction
of a felony involving moral turpitude or conviction of any crime involving fraud
or embezzlement, which conviction shall become a final determination.
b.
Material breach of this Agreement where such breach shall not be remedied within
thirty (30) days after a written notice to Employee  specifying the cause, which
notice shall be specifically and previously  authorized by vote of two-thirds of
the full Board of  Directors  of AMV or FBL as  applicable  at a duly  assembled
meeting of the Board. Any termination due to this Section 9(b) shall relate back
to the date of such notice. 
c. The gross  negligence  or willful  misconduct of
Employee  in  the  performance  of  his  duties  hereunder. 
10. Non-Competition.
Employee agrees that he will not,  during the period of employment,  and for one
(1) year after,  without AMV's consent: 
a. Compete  directly or indirectly with
AMV or its subsidiaries,  including but not limited to, acceptance of employment
with any other life insurance company.
b. Attempt to entice away from AMV or its
subsidiaries  on behalf  of any  parties  whatsoever,  or,  employ or  otherwise
contract with or retain,  directly or indirectly,  any employee who was employed
by AMV or any of its  subsidiaries at any time during one (1) year prior to such
attempt or employment. 
11. Prior Agreement.  All prior employment  agreements of
Employee with Financial  Benefit Group, Inc. and its affiliates and all benefits
thereunder are canceled upon the  effectiveness  of this Agreement. 
12. Notices.
Any notice or any other  communications  required or permitted to be given under
this Agreement  shall be in writing and mailed  certified  mail,  return receipt
requested by U.S.  Mail, or sent by Federal  Express,  or personally  delivered,
against  receipt of the party  receiving  such  notice.  13.Assignability.  This
Agreement  shall not be assignable  by AMV or Employee.  In the event there is a
merger or  consolidation  involving AMV, the entity resulting from the merger or
consoli-
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dation, shall be liable under this Agreement, and his full compensation shall be
payable for the  remaining  term if he is not  designated  to the  positions and
given duties described in Article 2 of this Agreement.
14. Mitigation.
If AMV
in any way  breaches  this  Agreement,  or fails to cause  its  subsidiaries  or
affiliates,  or their  Board of  Directors  to adhere to all the terms above set
forth in this  Agreement,  Employee shall be entitled to the full money payments
as and when set forth and payable under this Agreement.  Employee shall be under
no duty whatsoever to mitigate damages on AMV's breach. IN WITNESS WHEREOF,  the
parties hereto execute this Agreement as of this 8th day of April, 1996.



AMVESTORS FINANCIAL CORPORATION



By:_____________________________
                              Title:__________________________




--------------------------------


Frank T. Crohn


















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