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<TITLE>Filed by Bowne Pure Compliance</TITLE>
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<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND
EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): December 12, 2008</B>


<P style="font-size: 24pt" align="center"><B>First Trinity Financial
Corporation<BR>
</B><FONT style="font-size: 10pt">(Exact name of registrant as
specified in its charter) </FONT>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

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  <TD width="32%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="33%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="32%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>Oklahoma</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>000-52613</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>34-1991436</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

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cellpadding="0" width="100%" border="0">

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  <TD width="49%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="49%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>7633 E 63<sup>rd</sup> Place, Suite 230,
Tulsa, OK<BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>74133</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(918) 249-2438</B>
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  <TD style="border-bottom: #000000 1px solid" nowrap><B>&nbsp;</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">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:

<P style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P style="display: none; font-size: 10pt" align="center">1
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 <TR
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valign="top">
  <TD nowrap align="left" width="3%"><B>Item&nbsp;1.01</B></TD>
  <TD width="1%">&nbsp;</TD>
  <TD>
<DIV style="text-align: justify"><B>Entry into a Material Definitive
Agreement</B></DIV>
</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="justify">Stock Purchase Agreement

<P style="font-size: 10pt" align="justify">As previously reported, on
July&nbsp;18, 2008, First Trinity Financial Corporation (the
&#8220;Company&#8221;) entered into a Stock Purchase Agreement (the
&#8220;Agreement&#8221;) with Brooke Capital Corporation
(&#8220;Brooke&#8221;), pursuant to which the Company was to acquire, for a
purchase price not to exceed $8,000,000 adjusted in accordance with the
Agreement, all of the outstanding shares of capital stock of First Life
American Corporation (&#8220;First Life&#8221;). First Life is the wholly owned
subsidiary of Brooke. The purchase was subject to approval by the Kansas
Insurance Commissioner.

<P style="font-size: 10pt" align="justify">On August&nbsp;29, 2008, the Company
and Brooke entered into Amendment No.&nbsp;1 to the Agreement (the
&#8220;Amendment&#8221;) in which the Company and Brooke agreed to amend
Section&nbsp;2.2 of the Agreement. The Amendment changed the Agreement by
changing the source to be used in determining the &#8220;Estimated Closing Date
Adjusted Capital and Surplus&#8221;.

<P style="font-size: 10pt" align="justify">The acquisition was approved by the
Kansas Insurance Commissioner on October&nbsp;17, 2008. However, on
October&nbsp;28, 2008, Brooke filed a voluntary petition for relief under
Chapter&nbsp;11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the
District of Kansas. The filing occurred before the purchase of First Life was
closed.

<P style="font-size: 10pt" align="justify">On December&nbsp;9, 2008, the
Company and the bankruptcy court-appointed Trustee for Brooke entered into
Amendment No.&nbsp;2 to the Agreement. This second amendment made several
changes to the Agreement. Among others, it rescinded Amendment No. 1, changed
the purchase price to a fixed price of $2,500,000, and made the sale subject to
Bankruptcy Court approval pursuant to Section 363(c) of the Bankruptcy Code. A
hearing on the sale has been set in the Bankruptcy Court for December&nbsp;22,
2008. The approval of the sale by the Kansas Insurance Commissioner expires
after 60&nbsp;days from October 17, 2008. The Company and the trustee have each
requested extensions and approval is anticipated.

<P style="font-size: 10pt" align="justify">Forward-Looking Statements


<P style="font-size: 10pt" align="justify">This disclosure contains
forward-looking information concerning the pending acquisition of FLAC by FTFC.
Such forward-looking statements include, but are not limited to, statements
concerning FTFC&#8217;s expectations regarding the filing of the Form&nbsp;A
with the Kansas Insurance Department. These statements reflect FTFC&#8217;s
current views. They are based on assumptions and are subject to risks and
uncertainties relating to the Agreement, including obtaining all requisite
regulatory approvals in a timely fashion, absence of a material adverse effect
on FTFC, satisfaction of all other conditions to the Agreement, approval by the
bankruptcy court and timely closing of the Agreement by both FTFC and the
Bankruptcy Trustee. FTFC also refers you to its 2007 Form 10-KSB for a
description of FTFC&#8217;s business environment and important other factors
that may affect its business, including its language regarding forward-looking
statements.

<P style="font-size: 10pt" align="justify"><B>Item&nbsp;9.01 Financial
Statements and Exhibits</B>

<P style="font-size: 10pt; text-indent: 4%" align="justify"><B>(d)&nbsp;Exhibit</B>


<P>
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 <TR valign="top">
  <TD width="8%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="87%">&nbsp;</TD>
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 <TR valign="top">
  <TD align="left" style="border-bottom: 1px solid #000000"><B>Exhibit&nbsp;No.</B></TD>
  <TD>&nbsp;</TD>
  <TD align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

 <TR valign="top">
  <TD align="left">1.1</TD>
  <TD>&nbsp;</TD>
  <TD align="justify">Amendment No. 2 to Stock Purchase Agreement dated December&nbsp;9,
2008 (schedules and Exhibits omitted pursuant to Item&nbsp;601(b)(2) of
Regulation&nbsp;S-K. FTFC agrees to furnish supplementally a copy of any
omitted schedule to the SEC upon request.)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">2
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<P style="font-size: 10pt" align="center"><B>SIGNATURE</B>

<P style="font-size: 10pt" align="justify">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 style="font-size: 10pt; text-indent: 45%" align="justify">First Trinity
Financial Corporation
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">
<!-- Begin Table Head -->

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  <TD width="45%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="50%">&nbsp;</TD>
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<!-- Begin Table Body -->
 <TR valign="bottom">
  <TD valign="top">Date: December&nbsp;12, 2008</TD>
  <TD valign="top" align="left">By: </TD>
  <TD valign="top" align="left" style="border-bottom: 1px solid #000000">/s/Gregg Zahn</TD>
 </TR>

 <TR valign="bottom">
  <TD valign="top">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Gregg Zahn<BR>
President and Chief Executive
Officer</TD>
 </TR>
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<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">3
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<P style="font-size: 10pt" align="center"><B>EXHIBIT INDEX</B>

<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">


 <TR valign="top">
  <TD width="8%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="87%">&nbsp;</TD>
</TR>

 <TR valign="top">
  <TD align="left" style="border-bottom: 1px solid #000000"><B>Exhibit&nbsp;No.</B></TD>
  <TD>&nbsp;</TD>
  <TD align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

 <TR valign="top">
  <TD align="left">1.1</TD>
  <TD>&nbsp;</TD>
  <TD align="justify">Amendment No. 2 to Stock Purchase Agreement dated December&nbsp;9,
2008 (schedules and Exhibits omitted pursuant to Item&nbsp;601(b)(2) of
Regulation&nbsp;S-K. FTFC agrees to furnish supplementally a copy of any
omitted schedule to the SEC upon request.)</TD>
 </TR>

</TABLE>

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">4
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{"company-data": {"conformed-name": "First Trinity Financial CORP", "cik": "0001395585", "assigned-sic": "6311", "irs-number": "341991436"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-52613", "film-number": "081247766"}, "business-address": {"street1": "7633 EAST 63RD PLACE, SUITE 230", "city": "TULSA", "state": "OK", "zip": "74133", "phone": "918-249-2438"}, "mail-address": {"street1": "7633 EAST 63RD PLACE, SUITE 230", "city": "TULSA", "state": "OK", "zip": "74133"}}
Filed by Bowne Pure Compliance
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
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): December 12, 2008
First Trinity Financial
Corporation
(Exact name of registrant as
specified in its charter)
Oklahoma
000-52613
34-1991436
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
7633 E 63
rd
Place, Suite 230,
Tulsa, OK
74133
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number,
including area code:
(918) 249-2438
(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:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
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
Stock Purchase Agreement
As previously reported, on
July 18, 2008, First Trinity Financial Corporation (the
"Company") entered into a Stock Purchase Agreement (the
"Agreement") with Brooke Capital Corporation
("Brooke"), pursuant to which the Company was to acquire, for a
purchase price not to exceed $8,000,000 adjusted in accordance with the
Agreement, all of the outstanding shares of capital stock of First Life
American Corporation ("First Life"). First Life is the wholly owned
subsidiary of Brooke. The purchase was subject to approval by the Kansas
Insurance Commissioner.
On August 29, 2008, the Company
and Brooke entered into Amendment No. 1 to the Agreement (the
"Amendment") in which the Company and Brooke agreed to amend
Section 2.2 of the Agreement. The Amendment changed the Agreement by
changing the source to be used in determining the "Estimated Closing Date
Adjusted Capital and Surplus".
The acquisition was approved by the
Kansas Insurance Commissioner on October 17, 2008. However, on
October 28, 2008, Brooke filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the
District of Kansas. The filing occurred before the purchase of First Life was
closed.
On December 9, 2008, the
Company and the bankruptcy court-appointed Trustee for Brooke entered into
Amendment No. 2 to the Agreement. This second amendment made several
changes to the Agreement. Among others, it rescinded Amendment No. 1, changed
the purchase price to a fixed price of $2,500,000, and made the sale subject to
Bankruptcy Court approval pursuant to Section 363(c) of the Bankruptcy Code. A
hearing on the sale has been set in the Bankruptcy Court for December 22,
2008. The approval of the sale by the Kansas Insurance Commissioner expires
after 60 days from October 17, 2008. The Company and the trustee have each
requested extensions and approval is anticipated.
Forward-Looking Statements
This disclosure contains
forward-looking information concerning the pending acquisition of FLAC by FTFC.
Such forward-looking statements include, but are not limited to, statements
concerning FTFC's expectations regarding the filing of the Form A
with the Kansas Insurance Department. These statements reflect FTFC's
current views. They are based on assumptions and are subject to risks and
uncertainties relating to the Agreement, including obtaining all requisite
regulatory approvals in a timely fashion, absence of a material adverse effect
on FTFC, satisfaction of all other conditions to the Agreement, approval by the
bankruptcy court and timely closing of the Agreement by both FTFC and the
Bankruptcy Trustee. FTFC also refers you to its 2007 Form 10-KSB for a
description of FTFC's business environment and important other factors
that may affect its business, including its language regarding forward-looking
statements.
Item 9.01 Financial
Statements and Exhibits
(d) Exhibit
Exhibit No.
Description
1.1
Amendment No. 2 to Stock Purchase Agreement dated December 9,
2008 (schedules and Exhibits omitted pursuant to Item 601(b)(2) of
Regulation S-K. FTFC agrees to furnish supplementally a copy of any
omitted schedule to the SEC upon request.)
SIGNATURE
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.
First Trinity
Financial Corporation
Date: December 12, 2008
By:
/s/Gregg Zahn
Gregg Zahn
President and Chief Executive
Officer
EXHIBIT INDEX
Exhibit No.
Description
1.1
Amendment No. 2 to Stock Purchase Agreement dated December 9,
2008 (schedules and Exhibits omitted pursuant to Item 601(b)(2) of
Regulation S-K. FTFC agrees to furnish supplementally a copy of any
omitted schedule to the SEC upon request.)