Vantis Life Changes Administrative Procedures in Wake of Hurricane Sandy

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Bank-focused life insurer offers temporary payment flexibility, extends underwriting period on active cases.

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Peter Tedone, Vantis Life’s President and CEO

Some bank branches have been closed, people are without power and generally their lives are in upheaval. The least we can do as their life insurance company is to provide some flexibility until things begin to return to normal.

Vantis Life Insurance Company today announced that it will offer policy holders and applicants more flexibility in light of the disruption caused by Hurricane Sandy.

The company will extend the time policyholders have to make premium payments, will allow the underwriting of cases to continue past their traditional withdrawal date, and will not penalize new customers who have checks or electronic funds transfer payments returned for insufficient funds. Notices of these changes will be posted on the Company’s web site. These provisions will be in effect through November 30, 2012, but will be reviewed at that time for potential extension.

“We recognize that due to the storm, people’s lives have been disrupted in a 10 state region,” said Peter Tedone, Vantis Life’s President and CEO. “Some bank branches have been closed, people are without power and generally their lives are in upheaval. The least we can do as their life insurance company is to provide some flexibility until things begin to return to normal.”

Vantis Life is focused on providing financial institutions and their customers with a variety of life insurance and annuity products. These products are offered by licensed bankers and financial advisors 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. Vantis Life also offers referral-only programs, web-based marketing and other methods that banks and credit unions can use to offer life insurance even if they choose not to sell via their own employees.

About Vantis Life
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 providing A Better Life Experience for financial institutions and their customers. Sales and marketing information is available at 1-866-826-8471 or http://www.vantislife.com/able.

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Michael London
Michael J. London & Associates
203-261-1549
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