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		August 17, 2004

COTTON STATES LIFE INSURANCE COMPANY

(Exact name of registrant as specified in its charter)


GEORGIA	002-39729	58-0830929

(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)


244 PERIMETER CENTER PARKWAY, N.E., ATLANTA, GEORGIA		30346

(Address of principal executive offices)		(Zip code)

Registrant’s telephone number, including area code		(404) 39l-8600

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SIGNATURES
Exhibit Index
PRESS RELEASE DATED, AUGUST 16, 2004

ITEM 7. Financial Statements, Proforma Financial Information and Exhibits

99.1 Press Release issued August 16, 2004.

ITEM 9. Regulation FD Disclosure

The information contained in this Item 9 is being furnished to the Securities and Exchange Commission (the “Commission”) pursuant to Item 12 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

On August 16, 2004, Cotton States Life Insurance Company (the “Company”) issued a press release containing information about the Company’s financial condition or results of operations for the three month and six month periods ended June 30, 2004. A copy of the press release is attached hereto as Exhibit 99.1.

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

August 17, 2004


		COTTON STATES LIFE INSURANCE COMPANY

		BY: /s/ J. Ridley Howard J. Ridley Howard, Chairman President and Chief Executive Officer

		BY: /s/ William J. Barlow Vice President of Finance and Assistant Treasurer

Exhibit Index


Number		Descriptions
99.1		Press Release issued August 16, 2004

COTTON STATES LIFE INSURANCE COMPANY
Unaudited Consolidated Condensed Statements of Earnings
Three Months and Six Months ending June 30, 2004 and 2003


	Three months ended				Six months ended
	June 30,				June 30,
	2004		2003		2004		2003
Revenue:
Premiums	$	9,485,362		8,824,057		18,394,225		17,023,006
Investment income		2,236,020		2,136,131		4,463,188		4,456,668
Realized investment gains		131,767		843,452		264,268		1,235,899
Brokerage commissions		960,947		1,119,656		1,962,093		2,197,625

Total revenue		12,814,096		12,923,296		25,083,774		24,913,198

Benefits and expenses:
Benefits and claims		5,686,439		5,483,542		12,146,665		10,292,718
Interest credited		1,556,391		1,465,818		3,051,690		2,968,432
Amortization of policy acquisition costs		482,007		1,281,489		1,857,197		2,307,691
Operating expenses		2,238,399		2,391,136		4,617,596		4,774,556

Total benefits and expense		9,963,236		10,621,985		21,673,148		20,343,397

Income before income tax expense		2,850,860		2,301,311		3,410,626		4,569,801
Income tax expense		930,718		730,459		1,114,758		1,437,213

Net income	$	1,920,142		1,570,852		2,295,868		3,132,588

Basic income per share of common stock	$	0.30		0.25		0.36		0.50

Diluted income per share of common stock	$	0.29		0.23		0.35		0.47

Weighted average number of shares used in computing income per share

Basic		6,322,737		6,323,363		6,322,737		6,324,328

Diluted		6,648,233		6,614,624		6,648,270		6,615,016

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COTTON STATES LIFE INSURANCE CO / 8-K