Heritage Union is blazing new territory in the insurance industry and we're pleased to have been selected as the partner to support their efforts.
Jacksonville, FL (PRWEB) June 14, 2009
LOTSolutions, an industry leader in the strategic marketing, manufacturing and administration of financial products and solutions based in Jacksonville, FL, has been selected to serve as the Third Party Administrator (TPA) for Heritage Union Life Insurance Company based in Richmond, VA, announced Robert Fullington, President of LOTSolutions.
Heritage Union offers innovative income protection life and accidental death insurance products under the SalaryShield® brand (http://www.salaryshield.com). SalaryShield policies are marketed directly to consumers through a multi-channel marketing strategy that includes direct response channels, television, financial institutions and affinity partners.
"We are very pleased to be able to work with LOTSolutions," said Phil Walker, CEO of Heritage Union. "This partnership will allow us to achieve our aggressive revenue objectives and continue to provide our customers with service excellence. In addition to maintaining our service standards, this partnership also allows us to focus on our core business, and more efficiently increase our growth rate."
"LOTS will work with Heritage Union to provide a comprehensive suite of administrative services including underwriting enrollments, policy issuance, billing, customer service, claims and performance reporting," said Janie Hartley, First Vice President of LOTSolutions. "Heritage Union is blazing new territory in the insurance industry and we're pleased to have been selected as the partner to support their efforts."
About Heritage Union Life Insurance Company:
Founded in 2005 by financial services executives who experienced first-hand the intrusive, overly complex and frustrating nature of obtaining life insurance, the Richmond, Va.-based Heritage Union family of companies designs life insurance products aimed specifically at helping middle class American families protect their income in the face of premature death. Licensed, well-capitalized and staffed by industry professionals who recognize that shopping for life insurance should not require a crystal ball or MBA, Heritage Union is transforming an industry with new, innovative income-protection products under the SalaryShield brand that are easy to buy, affordable and understandable. For more information on the SalaryShield suite of products or the company, visit http://www.salaryshield.com or http://www.heritageunion.com.
LOTSolutions, a leader in strategic marketing, manufacturing and administration of financial products and solutions is a wholly owned subsidiary of Fortegra Financial. LOTSolutions offers a full range of insurance services including product development, product distribution, mass marketing, captive management and administration and third party policy and claims administration. The Company's broad and varied customer base includes the nation's most recognized banks, financial institutions and retailers as well as a large variety of regional and local financial and insurance concerns. Additional information about LOTSolutions can be found at http://www.LOTSolutions.com