Exhibit 10.20 (i2)

                     FIRST AMENDMENT TO SERVICES AGREEMENT

              This First  Amendment to Services  Agreement (the  AAmendment@) is
     made as of the 27th day of March,  1997, by and among AMERICO LIFE, INC., a
     Missouri  corporation  (AALI@),  THE OHIO LIFE INSURANCE  COMPANY,  an Ohio
     corporation (AOhio Life@), and THE OHIO CASUALTY INSURANCE COMPANY, an Ohio
     corporation (AOhio Casualty@). Ohio Life and Ohio Casualty are collectively
     referred to herein as AOhio.@

              WHEREAS,  ALI  and  Ohio  are  parties  to that  certain  Services
     Agreement dated as of October 2, 1995 (the AServices Agreement@); and

              WHEREAS,  the  parties  wish to amend the  Services  Agreement  in
     the manner  provided  in this
     Amendment;

              NOW,  THEREFORE,  for and in consideration of the premises and the
     mutual agreements contained in this Amendment, and for other consideration,
     the receipt and sufficiency of which are hereby  acknowledged,  the parties
     agree as follows:

              1. SERVICED BUSINESS.  Effective as of April 1, 1996, the Serviced
     Business (as defined in the Services Agreement) shall exclude the following
     accident and health insurance policies (the AExcluded Policies@):

              All  liabilities  associated  with the accident and health (AA&H@)
              insurance  policies  of Ohio Life in force on January 1, 1995,  or
              issued by Ohio Life to become  effective  on or after  January  1,
              1995,  and  all  related  riders  and  contracts  of  reinsurance,
              including:

                      (a)  All individual A&H contracts issued by Ohio Life;

                      (b) All  individual  A&H contracts  reinsured to Ohio Life
              from Ohio Casualty; and

                      (c) All group A&H contracts issued by or reinsured to Ohio
              Life,  including the Ohio Casualty employee  voluntary  accidental
              death and dismemberment  insurance and the CIGNA RE long term care
              insurance.

              Such exclusion  shall not affect any  settlements  occurring after
     April 1, 1996,  under the Services  Agreement with respect to periods prior
     to April 1, 1996. Cash in an amount equal to $434,833, constituting the net
     amount  calculated to reflect all settlements that have occurred under this
     Agreement with respect to the Excluded Policies for periods beginning on or
     after April 1, 1996, through December 31, 1996, shall be transferred by ALI
     to Ohio  immediately  upon execution of this Amendment via wire transfer to
     an account  designated by Ohio. The calculation of such amount is set forth
     on the attached Schedule A.


<PAGE>


         2. OTHER  PROVISIONS.  All references in the Services  Agreement to the
AAgreement@ shall be deemed to include this Amendment and the terms contained in
this Amendment. Except as amended by this Amendment, all terms and conditions of
the Services Agreement remain in full force and effect.

         IN WITNESS  WHEREOF,  the  parties to this  Amendment  have caused this
Amendment to be executed by their respective duly authorized  officers as of the
date first above written.


THE OHIO LIFE INSURANCE                     THE OHIO CASUALTY
INSURANCE COMPANY                           COMPANY

By                                          By
  ------------------------------            ---------------------------
    Name                                    Name
    Title                                   Title

                                            AMERICO LIFE, INC.
                                            By
                                            ---------------------------
                                            Title