<TABLE> <S> <C>


<ARTICLE>                     7
<LEGEND>
     (Replace this text with the legend)
</LEGEND>
<CIK>                         0000924963
<NAME>                        Summit Life Corporation
<MULTIPLIER>                                               1
<CURRENCY>                                        US Dollars

<S>                             <C>               <C>
<PERIOD-TYPE>                   Year              Year
<FISCAL-YEAR-END>               Dec-31-1999       Dec-31-1998
<PERIOD-START>                  Jan-01-1999       Jan-01-1998
<PERIOD-END>                    Dec-31-1999       Dec-31-1998
<EXCHANGE-RATE>                           1                 1
<DEBT-HELD-FOR-SALE>              3,202,369         4,105,139
<DEBT-CARRYING-VALUE>                     0                 0
<DEBT-MARKET-VALUE>                       0                 0
<EQUITIES>                           84,500            46,557
<MORTGAGE>                          245,553           281,725
<REAL-ESTATE>                        72,580            73,251
<TOTAL-INVEST>                    5,180,260         5,641,098
<CASH>                              935,746         1,492,196
<RECOVER-REINSURE>                        0                 0
<DEFERRED-ACQUISITION>              412,984           293,391
<TOTAL-ASSETS>                    7,015,821         8,406,090
<POLICY-LOSSES>                           0                 0
<UNEARNED-PREMIUMS>                       0                 0
<POLICY-OTHER>                            0                 0
<POLICY-HOLDER-FUNDS>             5,442,971         6,031,953
<NOTES-PAYABLE>                     442,219         1,325,247
<PREFERRED-MANDATORY>                     0                 0
<PREFERRED>                         500,000                 0
<COMMON>                             22,676            20,547
<OTHER-SE>                          493,362           756,283
<TOTAL-LIABILITY-AND-EQUITY>      7,015,821         8,406,090
<PREMIUMS>                          213,598           121,192
<INVESTMENT-INCOME>                 519,434           599,334
<INVESTMENT-GAINS>                    5,202             4,337
<OTHER-INCOME>                       74,500            31,461
<BENEFITS>                          244,156            87,925
<UNDERWRITING-AMORTIZATION>         142,920           208,817
<UNDERWRITING-OTHER>              1,316,875         1,066,223
<INCOME-PRETAX>                    (891,217)         (606,641)
<INCOME-TAX>                         (7,538)            3,100
<INCOME-CONTINUING>                (883,679)         (609,741)
<DISCONTINUED>                            0            32,499
<EXTRAORDINARY>                           0                 0
<CHANGES>                                 0                 0
<NET-INCOME>                       (883,679)         (577,242)
<EPS-BASIC>                            (.42)             (.28)
<EPS-DILUTED>                          (.42)             (.28)
<RESERVE-OPEN>                            0                 0
<PROVISION-CURRENT>                       0                 0
<PROVISION-PRIOR>                         0                 0
<PAYMENTS-CURRENT>                        0                 0
<PAYMENTS-PRIOR>                          0                 0
<RESERVE-CLOSE>                           0                 0
<CUMULATIVE-DEFICIENCY>                   0                 0



</TABLE>