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    <TD STYLE="width: 71%; border-right: windowtext 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 29%; border: windowtext 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 10pt; text-align: center">OMB APPROVAL</TD></TR>
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    <TD STYLE="border-right: windowtext 1pt solid; padding-left: 112.5pt; text-align: center; font-size: 10pt; font-weight: bold">UNITED STATES<BR> SECURITIES AND EXCHANGE COMMISSION<BR> Washington, D.C. 20549</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">OMB Number: 3235-0060</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Expires: February 28, 2013</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Estimated average burden</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">hours per response........5.68</P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>FORM 8-K</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 OR 15(d) of The
Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 39%; font-size: 10pt">Date of Report (Date of earliest event reported):</TD>
    <TD STYLE="width: 61%; border-bottom: windowtext 1pt solid; font-size: 10pt">February 23, 2012</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="width: 100%; font-size: 12pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 12pt">Presidential
    Life Corporation</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">(Exact name of registrant as specified in its charter)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Delaware</TD>
    <TD STYLE="width: 33%; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">000-05486</TD>
    <TD STYLE="width: 33%; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">13-2652144</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(State or other jurisdiction</TD>
    <TD STYLE="text-align: center">(Commission</TD>
    <TD STYLE="text-align: center">(IRS Employer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">of incorporation)</TD>
    <TD STYLE="text-align: center">File Number)</TD>
    <TD STYLE="text-align: center">Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>69 Lydecker Street</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Nyack, New York 10960</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(Address of principal executive offices)</TD>
    <TD>(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 42%">Registrant&rsquo;s telephone number, including area code</TD>
    <TD STYLE="width: 58%; border-bottom: windowtext 1pt solid; padding-left: 0.36in"><B>(845) 358-2300</B>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former name or former address, if changed
since last report.)</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT><FONT STYLE="font-size: 10pt">
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT><FONT STYLE="font-size: 10pt">
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT><FONT STYLE="font-size: 10pt">
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT><FONT STYLE="font-size: 10pt">
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item
1.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Entry into a Material Definitive Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On July 3, 2012, <FONT STYLE="color: black">pursuant
to a </FONT><FONT STYLE="color: #1F497D">S</FONT><FONT STYLE="color: black">tock&nbsp;</FONT><FONT STYLE="color: #1F497D">P</FONT><FONT STYLE="color: black">urchase&nbsp;</FONT><FONT STYLE="color: #1F497D">A</FONT><FONT STYLE="color: black">greement
dated February 23, 2012 as amended on July 3, 2012</FONT> with GALAC Holding Company, the Seller and an affiliate of the American
Financial Group, Inc., Presidential Life Corporation (the &ldquo;Company&rdquo;) completed the purchase of Great American Life
Assurance Company (&ldquo;GALAC&rdquo;), an Ohio domiciled insurance company with approximately $5.60 million in statutory capital
and surplus, for cash of $7.04 million<B><I>.&nbsp; </I></B>Upon purchase, GALAC&rsquo;s statutory capital and surplus principally
consists of cash, short-term investments, and bonds with minimal liabilities as policyholder obligations related to in-force contracts
are fully reinsured.&nbsp; The purchase price is subject to adjustment for the differential between final statutory capital and
surplus at June 30, 2012 and $5.60 million.&nbsp; GALAC maintains licenses to write life and annuity business in 38 states plus
the District of Columbia. The Company is obtaining the aforesaid licenses and statutory capital and surplus as part of this transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The above description is qualified in its
entirety by reference to the terms of the Stock Purchase Agreement dated February 23, 2012 and related Amendment dated July 3,
2012 attached as Exhibits 10.1 and 10.2. On July 6, 2012, the Company issued a press release announcing the purchase. A copy of
this press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01 Financial Statements and Exhibits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; border-bottom: windowtext 1pt solid">Exhibit Number</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 80%; border-bottom: windowtext 1pt solid">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>10.1</TD>
    <TD>&nbsp;</TD>
    <TD>Stock Purchase Agreement dated February 23, 2012 in connection with the purchase of Great American Life Assurance Company</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>10.2</TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Amendment to Stock Purchase Agreement dated July 3, 2012 in
        connection with the purchase of Great American Life Assurance Company</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>99.1</TD>
    <TD>&nbsp;</TD>
    <TD>Press Release entitled &ldquo;Presidential Life Corporation Announces Purchase of Shell Insurance Company&rdquo; issued by Presidential Life Corporation on July 6, 2012</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: top">PRESIDENTIAL LIFE CORPORATION</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">Date:&nbsp; July 6, 2012</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: windowtext 1pt solid; vertical-align: top">/s/ Donald L. Barnes</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">Name:</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top">Donald L. Barnes</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">Title:</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top">Chief Executive Officer</TD></TR>
<TR>
    <TD STYLE="width: 40%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 40%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD></TR>
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[{"type": "8-K", "sequence": "1", "filename": "v317893_8k.htm", "description": "CURRENT REPORT", "secsgml_size_bytes": 15720}]
{"company-data": {"conformed-name": "PRESIDENTIAL LIFE CORP", "cik": "0000080124", "assigned-sic": "6311", "irs-number": "132652144", "state-of-incorporation": "DE", "fiscal-year-end": "0511"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-05486", "film-number": "12950010"}, "business-address": {"street1": "69 LYDECKER ST", "city": "NYACK", "state": "NY", "zip": "10960", "phone": "845-3582300"}, "mail-address": {"street1": "69 LYDECKER ST", "city": "NYACK", "state": "NY", "zip": "10960"}}
OMB APPROVAL
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
OMB Number: 3235-0060
Expires: February 28, 2013
Estimated average burden
hours per response........5.68
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
February 23, 2012
Presidential
    Life Corporation
(Exact name of registrant as specified in its charter)
Delaware
000-05486
13-2652144
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)
69 Lydecker Street
Nyack, New York 10960
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code
(845) 358-2300
(Former name or former address, if changed
since last report.)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item
1.01          Entry into a Material Definitive Agreement
On July 3, 2012,
pursuant
to a
S
tock
P
urchase
A
greement
dated February 23, 2012 as amended on July 3, 2012
with GALAC Holding Company, the Seller and an affiliate of the American
Financial Group, Inc., Presidential Life Corporation (the "Company") completed the purchase of Great American Life
Assurance Company ("GALAC"), an Ohio domiciled insurance company with approximately $5.60 million in statutory capital
and surplus, for cash of $7.04 million
.
Upon purchase, GALAC's statutory capital and surplus principally
consists of cash, short-term investments, and bonds with minimal liabilities as policyholder obligations related to in-force contracts
are fully reinsured.  The purchase price is subject to adjustment for the differential between final statutory capital and
surplus at June 30, 2012 and $5.60 million.  GALAC maintains licenses to write life and annuity business in 38 states plus
the District of Columbia. The Company is obtaining the aforesaid licenses and statutory capital and surplus as part of this transaction.
The above description is qualified in its
entirety by reference to the terms of the Stock Purchase Agreement dated February 23, 2012 and related Amendment dated July 3,
2012 attached as Exhibits 10.1 and 10.2. On July 6, 2012, the Company issued a press release announcing the purchase. A copy of
this press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
Exhibit Number
Description
10.1
Stock Purchase Agreement dated February 23, 2012 in connection with the purchase of Great American Life Assurance Company
10.2
Amendment to Stock Purchase Agreement dated July 3, 2012 in
        connection with the purchase of Great American Life Assurance Company
99.1
Press Release entitled "Presidential Life Corporation Announces Purchase of Shell Insurance Company" issued by Presidential Life Corporation on July 6, 2012
SIGNATURES
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.
PRESIDENTIAL LIFE CORPORATION
Date:  July 6, 2012
By:
/s/ Donald L. Barnes
Name:
Donald L. Barnes
Title:
Chief Executive Officer