Bulletin
February 22, 2011
To our Ohio Personal Lines Agency Partners:
Life Insurance now available through Frankenmuth Insurance
In further enhancing its line of personal insurance products, Frankenmuth Insurance today announced Life Insurance products are available through the regional property and casualty insurance group.
With the introduction of Patriot Life Insurance Company (Patriot Life), a member of Frankenmuth Insurance, Independent Insurance Agents throughout Ohio who represent the carrier are now able to provide a portfolio of simplified issue Life Insurance products. Leading the effort for PLIC is Senior Vice President & Chief Operating Officer, Kevin A Marti, FSA, CLU, ChFC.
The introduction of Patriot Life comes at a time when worldwide research, consulting and professional development organization LIMRA reports a record number of Americans do not have life insurance (35 million households) and those who do are significantly underinsured. Further, only 44% of all households have individual life insurance protection outside of an employer-sponsored plan.
Patriot Life offers 10, 20 & 30 Year Renewable and Convertible Term policies to age 95. Additionally, a 20 Pay Whole Life policy – Permanent life insurance paid up in 20 years is also among the company’s life insurance solutions.
In addition to quality life insurance products, another advantage of the Patriot Life offering is the automation and processing efficiency it offers consumers.
We are taking advantage of the advanced technology offered to us through Frankenmuth Insurance. Individuals interested in purchasing the product will simply answer a series of qualifying questions as part of their on-line application accessed through iBIS. Pending the result of those answers, customers can literally sign, pay for and walk away with their policy approved and ‘in hand’ within a matter of minutes.
The entire process is paperless and handled through iBIS. The fact current Frankenmuth Insurance policyholders can also take advantage of attractive multi-policy discounts through the purchase of a life insurance policy is also a significant benefit.
Additional information about Patriot Life may be found at the company’s web site: www-patriotlife-com.devfmins.wpengine.com.
