NEWS FROM VANTIS LIFE INSURANCE COMPANY
For Immediate Release
Michael J. London & Associates
Bank-focused life insurer has grown 83% in four years
WINDSOR, Conn., February 28, 2013 – Vantis Life Insurance Company today announced that new recurring premium life insurance grew 18% in 2012. This marks the fourth consecutive year of double digit growth for the Company. Vantis Life offers life insurance products through banks, credit unions and select brokers nationwide.
“Our business model has proven to be unique and difficult to replicate,” said Peter Tedone, President and CEO at Vantis Life. “Middle income households continue to be underserved and underinsured. We help financial institutions meet the specific and unique protection needs of this demographic. Our attentive wholesaling and training, simple to sell product line and best in class agent-facing technology are helping to fuel our growth.”
Growth has come from banks with assets from $2 billion to $122 billion, including community banks and large regional banks. “We continue to add more partner banks throughout our national footprint,” said Craig Simms, Vantis Life’s Senior Vice president of Marketing. “We have seen new life insurance premium volume increase significantly from larger banks and mid-sized banks, some of which are the preeminent sellers of life insurance among all banks nationally.”
Income from independent brokers has also grown significantly in the past few years and now comprises one quarter of all new premium.
Vantis Life is focused on providing financial institutions and their customers with a variety of life insurance and annuity products. These products are offered by licensed bankers and financial advisors via an award-winning online process and supported by best-in-class wholesaling and access to Vantis University, the company’s exclusive online, WebEx and in-person training and development resource. Vantis Life also offers referral-only programs, web-based marketing and other methods that banks and credit unions can use to offer life insurance even if they choose not to sell via their own employees.
About Vantis Life Insurance Company Vantis Life Insurance Company was established in 1942. From its inception, the company’s primary goal has been to provide families with affordable life insurance and annuity products available through their financial institution. With nearly $5 billion of life insurance in force, $900 million of assets and a rating of A-Excellent from A.M. Best, Vantis Life prides itself on providing A Better Life Experience for financial institutions and their customers. Sales and marketing information is available at 1-866-826-8471 or www.vantislife.com/able..