NEWS FROM VANTIS LIFE INSURANCE COMPANY
For Immediate Release
Contact: Michael London
Bank-focused life insurer sees mid-year new premium growth of more than 10% vs. 2013
WINDSOR, Conn., July 27, 2014 – Vantis Life Insurance Company today announced that A.M. Best, the independent financial services rating agency, has affirmed its A- (Excellent) rating with a stable outlook, the same strong rating the company has earned for sixteen consecutive years. The Company also noted that new life insurance premium saw a 10% year over year increase through June.
In its report on the company, A.M. Best said “Vantis Life's total ordinary life direct premium levels have been increasing over the past several years enhanced by positive new sales momentum, further augmented by its national growth strategies.” The report also noted that “The success of the company's expansion initiative has resulted in an increase in the number of financial institutions distributing its products…”
“Clearly, we are pleased with the A.M. Best rating,” said Peter Tedone, Vantis Life’s President and CEO. “We believe this rating reflects our ongoing conservative financial profile as well as an aggressive business plan to provide customers of financial institutions access to a comprehensive suite of life insurance products.”
“Our growth through the first half of 2014 validates our focus on expanding our hard-to-replicate business model to increasingly larger and more sophisticated banks,” he said.
The A.M. Best Company is the largest and longest-established company devoted to issuing in-depth reports and financial strength ratings about insurance organizations. Ratings are assigned after extensive quantitative and qualitative evaluations of companies’ financial strength, operation performance and market profile.
Vantis Life is primarily focused on providing financial institutions and their customers with a variety of life insurance and annuity products. These products are offered by licensed bankers 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.
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 $5 billion of life insurance in force, more than $900 million of assets and a rating of A-(Excellent) from A.M. Best, Vantis Life prides itself on providing simple, easy-to-afford products to middle and upper middle income families. Sales and marketing information is available at 1-866-826-8471 or www.vantislife.com/able.