NEWS FROM VANTIS LIFE INSURANCE COMPANY
For Immediate Release
Contact: Michael London
34% PREMIUM INCREASE MAKES THE COMPANY ONE OF THE FASTEST GROWING LIFE INSURERS SERVING FINANCIAL INSTITUTIONS
WINDSOR, Conn., – July 15, 2011 – Vantis Life Insurance Company today announced that recurring life insurance sales jumped by 34 percent through June 30 versus the same period in 2010. This makes Vantis one of the fastest growing life insurance companies serving customers through financial institutions as measured by recurring premium year over year growth (Kehrer/LIMRA Q1 report).
This 34% growth is in addition to a 22% increase in 2010 vs. 2009.
"Our business model has proven year after year that financial institutions can effectively and profitably offer life insurance protection products to core customers," said Craig Simms, senior vice president at Vantis Life. "If the programs are professionally and attentively managed, and the right environment is created within the bank, growth is inevitable."
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.
"Our specialization in the financial institutions channel has allowed us to achieve significant, ongoing rapid growth," Simms said. "We are optimistic about continued strong growth for the remainder of 2011."
The company attributes Vantis' record performance to strong growth in the number of client relationships as well as large year-over-year growth from existing Vantis partners. More than 100 banks and credit unions offer Vantis products nationally, from "super regional" banks to community banks.
"Another reason for our success is our unique business model," Simms said. "We insist on offering superior wholesaling and training support to our bank partners. In addition, Vantis University, our proprietary national sales development program, further distinguishes us from our competitors by allowing us to provide ongoing sales training and a wealth of marketing information to the licensed bank and credit union personnel who interact with consumers on a daily basis."
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, more than $850 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.