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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 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): June 14, 2005


                               REGAN HOLDING CORP.
             (Exact name of registrant as specified in its charter)

            California                    000-19704             68-0211359
 (State or other jurisdiction of         (Commission          (I.R.S. Employer
          incorporation)                 File Number)        Identification No.)

                               2090 Marina Avenue
                           Petaluma, California 94954
                    (Address of principal executive offices)

                          (707) 778-8638 (Registrant's
                     telephone number, including area code)

                                       N/A
          (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.):

[_]  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))

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Item 1.02 Termination of a Material Definitive Agreement

On June 14,  2005,  Regan  Holding  Corp.  (the  "Company"),  agreed with AmerUs
Annuity  Group Co.  ("AmerUs")  on the process to be followed for the Company to
provide  reasonable  assistance to AmerUs to transition  the  administration  of
certain  AmerUs  insurance  contracts in  accordance  with the  provisions of an
Insurance  Processing Agreement (the "Insurance  Processing  Agreement") between
Legacy  Marketing  Group,  a wholly  owned  subsidiary  of the  Company,  and IL
Annuity.  The Company has been administering these insurance contracts under the
terms of the Insurance  Processing  Agreement  since January 1, 1996. IL Annuity
and Insurance  Company was merged into  Indianapolis  Life Insurance  Company in
2003. Indianapolis Life Insurance Company is a subsidiary of AmerUs.

The Insurance  Processing Agreement is scheduled to expire on December 31, 2005.
The  Company  is in  negotiations  with  AmerUs  with  respect  to the  possible
acceleration  or deferral of the  expiration  date of the  Insurance  Processing
Agreement.   In  the  quarter  ended  March  31,  2005,  the  Company   received
approximately   $460,000  in  gross  revenue  under  the  Insurance   Processing
Agreement.  The Company is examining its expenses  associated with this block of
business and is evaluating what impact such  termination or expiration is likely
to have on the Company's net income.

Termination  of  the  Insurance   Processing   Agreement  will  not  affect  the
commissions  earned by Legacy Marketing Group on additional  premium received or
assets  under  management  with  respect  to  the  underlying  AmerUs  insurance
contracts.

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                                    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.


                                          REGAN HOLDING CORP.
                                          (Registrant)


Date: June 20, 2005                       /s/ R. Preston Pitts
                                          --------------------------------------
                                          R. Preston Pitts
                                          President, Chief Financial Officer and
                                          Chief Operating Officer