NEWS FROM VANTIS LIFE INSURANCE COMPANY
For Immediate Release
Contact: Michael London
NEW RECURRING PREMIUM UP 29% VERSUS 2010
WINDSOR, Conn., Oct. 22, 2011 - Vantis Life Insurance Company today announced record growth in new recurring life insurance sales. For the first nine months of the year, the company reported a 29% increase in sales versus the same period a year earlier.
And there is more to come.
"We anticipate a 25-30% increase in new recurring premium sales for the full year, representing the largest year-over-year increase in life insurance premium in company history," said Craig Simms, Senior Vice President at Vantis Life.
"Our focus on selling life insurance through financial institutions continues to pay dividends," Simms said. "Fewer and fewer life insurance companies are able to provide comprehensive support for bank-sold protection-oriented life insurance. We continue to leverage what we do best -- offering superior wholesaling, marketing and training support to our partners."
Vantis Life offers a simple, complete product menu and best-in-class online technology for bank sales agents. Coupled with attentive field wholesaling and training, this allows the company to provide a better life insurance experience for financial institutions who want to offer protection products to their customers and create stronger customer relationships.
The insurance company rating agency, A.M. Best, in a recent rating report noted "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 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. 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 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.