CIO Employment Agreement - J. Ronald Stanley

January 1, 1997


Mr. J. Ronald Stanley AmVestors Financial Corporation 415 S.W. Eighth Avenue Topeka, Kansas 6+6603


Dear Mr. Stanley:


Re: Employment Agreement With AmVestors Financial Corporation (the
"Company")


This will confirm the Company's employment understanding as follows:


1. EMPLOYMENT


1.1 Full-time


The Company has agreed to employ you, and you have agreed to accept Full-time employment in AmVestors Financial
Corporation (the "Company") as set forth below. The term
"Company" in this Agreement shall include all its subsidiaries and affiliates.


The term "Full-time" shall be construed as meaning you shall have no other employment, nor shall you engage in any
activity, as a principal, agent, owner, officer, employee, partner, lender, investor, advisor or consultant, as an
insurance agent or broker, or for or with any enterprise
engaged in, or planning to engage in, business similar to or
planning to engage in, business similar to or resembling those conducted by the Company.


1.2 Duties

Your title, which may be changed from time to time by the
Chief Executive Officer, or the Board of Directors, in its discretion, shall be Executive Vice President - Chief Information Officer. You shall be responsible for the duties of an Executive
Vice President - Chief Information Officer to include, but not limited to, those duties shown on the attached Exhibit A and such other duties as reasonably assigned by the Chief Executive Officer. These duties may be changed from time to time by the Chief Executive Officer or the Board of Directors.


1.3 Time and Place


You shall provide the duties set forth herein at such time and
place and in such manner as the Chief Executive Officer or the Board of Directors may, in their sole discretion, reasonably direct. 53
2. TERM


2.1 Term of Employment


Subject to the terms and conditions hereof, this Agreement
shall continue in force until December 31, 1997, and shall
automatically renew for successive twelve (12) month periods unless otherwise terminated pursuant to Section 2.2.


2.2 Termination


a. For Cause


Notwithstanding any other provision of this Agreement, your employment may be terminated at the sole discretion of the Company if you:


(1) Fail to be present for work and perform duties set forth herein or as reasonably requested from time to time by the Chief Executive Officer, the President or the Board of Directors, except during vacation time, periods of disability or illness, necessary business travel or if you have been excused by the Chief Executive Officer.


(2) Divulge any confidential information to third parties without the Company's prior written consent. Confidential information shall include that described in Section 4.1 and including, but not limited to, sales methods, techniques, procedures or sources.


(3) Commit any act of gross negligence, willful mis- conduct or dishonesty detrimental to the Company.


(4) Convicted of a felony. b. Voluntary Severance


Your employment under this Agreement may be terminated by you, upon thirty (30) days prior written notice to the Company. All compensation and benefits pro ...