September 12, 2003
For Immediate Release
iPipeline And Security Mutual Life Sign Agreement
To Electronically Distribute 412(i) Plan Content Through Wholesalers' Websites.
Exton, PA — iPipeline announces that Security Mutual Life, a leading provider of 412(i) plans, has become the first carrier to participate in electronically distributing small-business pension plan content through iPipeline's web-based services. This new relationship will allow brokerage agencies to directly support producers, via the agency's website, in providing life insurance benefits to retirement plan participants.
George Kozol, Senior Marketing Officer, for Security Mutual, explained that, "412(i) plans have become the retirement plan of choice for closely held business owners and self-employed professionals." He noted too that today business owners and self-employed professionals look to their insurance brokers not only for insurance quotes but also for creative insurance ideas. He added that insurance "inside" a retirement plan is both creative and highly effective.
Bill Atlee, Chief Marketing Officer of iPipeline commented, "with Security Mutual as a client we can expand our product offerings to our customers by providing leading-edge pension plan designs. We are pleased to deliver these products through our web-based solutions and believe this marks a new trend for financial service providers."
About iPipeline
iPipeline is an ASP software and content service provider for the life insurance industry. iPipeline's tools are driven by web based technologies enabling carriers, wholesalers and agents to transact insurance sales faster than ever before. iPipeline continuously maintains one of the industry's largest life, annuity and LTC databases with 100+ participating insurance carriers and over 1,000 products. This database is accessible through iPipeline's proprietary software which currently reaches over 340 wholesalers, 100,000 agents and top financial institutions.
About Security Mutual Life
Founded in 1886, Security Mutual has emerged as one of the leading mutual life insurance companies in the United States. From $15,000 in assets its first year in existence, Security Mutual has grown to more than $1.6 billion in assets with more than $28.1 billion of life insurance in force. Security Mutual specializes in providing life insurance products that meet the needs of business owners and self-employed professionals. The company distributes products through independent agents.
For further information, contact either:
,
or George Kozol, Senior Marketing Officer, Security Mutual Life 800-346-7171 or gkozol@smlny.com .