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WINDSOR, Conn., July 20, 2009 – Vantis Life Insurance Company announced today that A.M. Best Co. has affirmed its financial strength rating of A- (Excellent). According to A.M. Best, the outlook for the rating is stable.
”Even in this challenging economic environment, our company continues to grow new life and annuity business and conservatively manage our investment portfolio, “notes Peter Tedone, President and CEO of Vantis Life. “We are pleased that A.M. Best has acknowledged the strength of our company by affirming our rating with a stable outlook. Vantis Life’s proven niche strategy, focused on helping middle income families get the protection they need through their financial institution, is an important component of the rating affirmation.”
In their business review analysis, A.M. best noted that “Vantis Life is the only bank distribution-focused life insurer that offers a full selection of easy-to-sell simplified issue and fully underwritten products from a web-based platform. Vantis Life's "Agent-Web" quotation and e-application system, which is utilized by all Vantis Life's partners, enables straight-through processing from illustration through application and underwriting decisions.”
Regarding capitalization, A.M. Best notes that Vantis Life “continues to maintain favorable levels of risk-adjusted capitalization to support its overall business and investment risks.”
Vantis Life is focused solely 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. Vantis Life has more than $4.7 billion of life insurance in force and a rating of A- Excellent from A.M. Best. Sales and marketing information is available at 1-866-826-8471 or www.vantislife.com.