In order to meet the needs of our clients, we have also increased our staff and infrastructure. Our client's needs come first and in order to maintain that level of service, we’ve invested wisely in the growth of our company.
Salt Lake City, UT (PRWEB) May 23, 2012
A down economy does not necessarily mean a downturn in business. Sentinel Security Life, based out of Salt Lake City, Utah has seen tremendous growth over the last few years with substantial increases in premium income and total assets.
“We have increased our premium income by a significant factor,” says Sentinel Security Life CFO Dan Acker. “In order to meet the needs of our clients, we have also increased our staff and infrastructure. Our client's needs come first and in order to maintain that level of service, we’ve invested wisely in the growth of our company.”
In addition to the growth in premium income by $22.0 million in 2011, Sentinel Security Life has seen its total assets grow by $96.9 million in 2011.
“There have been significant capital investments in the growth of our agency sales force, infrastructure, and employee base in order to best position our company for continued success in the future,” says Acker. “As a result of these investments, Sentinel’s net income has decreased in the last few years, but premium income and sales of Sentinel’s products have continued to grow every year and surplus has remained stable.”
Since 2006, Sentinel has expanded into seven additional states and plans to continue adding new states each year going forward. Today Sentinel is authorized in 23 states. During this time, the product line has also been updated and expanded to include Sentinel PlanSM Medicare Supplement and Select plans, New VantageTM Final Expense whole life plans and the Personal ChoiceTM line of annuities.