A.M. Best Affirms Vantis Life's "Excellent" Rating
WINDSOR, Conn (PRWEB) July 24, 2013 -- Vantis Life Insurance Company today announced that A.M. Best, the independent financial services rating agency, has affirmed its positive evaluation of the company. A.M. Best has assigned Vantis an A- (Excellent) rating with a stable outlook, the same strong rating the company has earned for fifteen consecutive years.
In its report on the company, A.M. Best said “Vantis Life's total ordinary life direct premium levels have been increasing over the past several years enhanced by positive new sales momentum, further augmented by its national growth strategies.”
“The success of the company's expansion initiative has resulted in an increase in the number of financial institutions distributing its products to a large number of banks and credit unions,” the report to the company said.
“Clearly, we are pleased with the A.M. Best rating,” said Peter Tedone, Vantis Life’s President and CEO. “We believe this rating reflects our ongoing conservative financial profile as well as an aggressive business plan to provide customers of financial institutions with access to a comprehensive suite of life insurance products.”
“Our best-in-class wholesaling, training via Vantis University, and hands-on approach to customer service allows us to be confident that our history of strong growth is secure,” he said.
Tedone also noted that “Vantis Life continues to maintain a high quality, diversified investment portfolio whose yield remains above the average of the top 25 life insurance companies in the nation,” he said.
The A.M. Best Company is the largest and longest-established company devoted to issuing in-depth reports and financial strength ratings about insurance organizations. Ratings are assigned after extensive quantitative and qualitative evaluations of companies’ financial strength, operation performance and market profile.
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 VantisLife
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 http://www.vantislife.com/able.
Michael London, Michael J. London & Associates, 203-261-1549, [email protected]
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