For further information, contact:
Alison Robb, Vantis Life Insurance
WINDSOR, CT - October 22, 2007 -Vantis Life Insurance Company (www.vantislife.com) will be offering an innovative life insurance product that will give customers back up to 100% of the premiums paid during the policy term. The product, called VantisTerm ROPSM, incorporates a return of premium rider on the company's traditional level term life insurance policy. The company anticipates that the product will be available in most of its footprint by the end of 2007.
"This policy combines life insurance protection and the ability to get all or a portion of the premiums back tax free," notes Craig Simms, Senior Vice President of Vantis Life. "It truly gives financial institution customers options when considering the purchase of life insurance."
"This product will allow bank and credit union agents to quote traditional VantisTerm level term and the new VantisTerm ROPSM side by side," Simms continues. "The customer can then make the choice that fits his or her specific need and budget."
VantisTerm ROPSM is available in 20-, 25-, or 30-year level term periods, and in policy sizes from $100,000 to $5 million. Premiums are guaranteed level during the term. For quotes and more information, customers are directed to the company's Web site at www.vantislife.com.
Vantis Life provides financial institutions with a variety of simple to sell products, including simplified issue term and whole life, underwritten term life insurance, traditional permanent coverage and single premium whole life. The Company also has a line of fixed annuity products, some with multi-year interest guarantees.
About Vantis Life Insurance Company
Vantis Life (www.vantislife.com) helps financial institutions offer protection products to their core customers, namely middle and upper middle income households. With the financial strength of more than $650 million in assets and an A-Excellent rating from A.M. Best, Vantis Life is sold nationally by licensed representatives at financial institutions, as well as through a professional, licensed direct sales force in the Windsor, Connecticut headquarters. For more information about Vantis Life Insurance Company, visit www.vantislife.com/V8.