You are here:HomeNews CenterPIA Press Releases2006National Association of Professional Insurance Agents Teams Up with the Life Alliance for Term Life Sales

National Association of Professional Insurance Agents Teams Up with the Life Alliance for Term Life Sales

WASHINGTON, August 14, 2006 - Members of the National Association of Professional Insurance Agents (PIA) can now generate term life insurance quotes for...
August 14, 2006

As many as 120,000 insurance agents can now quote term life insurance rates from The Hartford, Protective Life and Transamerica with Web-based platform.

WASHINGTON, August 14, 2006  - Members of the National Association of Professional Insurance Agents (PIA) can now generate term life insurance quotes for their clients through the Insurance Online Network (ION).  As many as 120,000 insurance agents who are affiliated with the PIA and who are licensed to sell life insurance will now have access to the Web-based service.

ION, designed to make it quicker and easier for financial professionals to provide their clients with quotes on term life insurance, was created by Life Alliance, LLC, a joint venture formed by wholly owned subsidiaries of The Hartford Financial Services Group, Inc. (NYSE: HIG) and Protective Life Corp. (NYSE: PL).

Quotes for term life policies are available through ION from Hartford Life and Annuity Insurance Co. and Hartford Life Insurance Co., subsidiaries of The Hartford, Protective Life Insurance Co., a subsidiary of Protective Life Corp., and Transamerica Occidental Life Insurance Co., a subsidiary of Transamerica Occidental.

"The PIA is pleased to make the ION Website platform available to our members through the 'Members Only' portion of the PIA Website (www.pianet.com).  ION will help make it easier for agents to serve their clients' life insurance needs," said Len Brevik, chief executive officer for the PIA.  "ION is extremely easy to use and provides term life insurance quotes from three quality carriers with just a few keystrokes.  Life insurance is an increasingly important component of the coverage that PIA agents offer."

In addition to members of the PIA, ION is also available through approximately 23,000 registered representatives with nine national broker-dealer firms.  Available free to subscribers, ION is a cost-effective alternative to other online quote systems that charge fees for their services.  Financial professionals are able to access ION from the convenience of their own desktops for term life insurance quotes, and then link to the quoting insurance companies for underwriting and processing.

Quotes are available for 10-, 15-, 20- and 30-year term life policies with face amounts as low as $100,000.

Insurance and financial professionals can use ION to generate quotes for term life insurance from multiple carriers based on information about the client's age, coverage amount, gender and coverage period.  There are no medical questions asked at the time a quote is requested.  Once a consumer selects a quote for further action, the financial professional electronically submits the information to the appropriate carrier for new business processing.  Once a carrier has received the electronic submission, a phone interview with the consumer is initiated.  During this call, medical and financial information is gathered, completing the application process.

Founded in 1931, and celebrating its 75th anniversary in 2006, PIA is a national trade association that represents member insurance agents and their employees who sell and service all kinds of insurance, but specialize in coverage of automobiles, homes and businesses. PIA members are Local Agents Serving Main Street America.

Protective Life Corporation provides financial services through the production, distribution and administration of insurance and investment products throughout the United States.  Protective Life Insurance Company has more than $158 billion of coverage in force as of Dec. 31, 2005.

The Hartford, a Fortune 100 company, is one of the nation's largest financial services and insurance companies, with 2005 revenues of $27.1 billion. The Hartford is a leading provider of investment products, life insurance and group benefits; automobile and homeowners products; and business property and casualty insurance. International operations are located in Japan, Brazil and the United Kingdom. The Hartford's Internet address is www.thehartford.com.

###

The Hartford is The Hartford Financial Services Group, Inc. and its subsidiaries, including the issuing companies of Hartford Life Insurance Company and Hartford Life and Annuity Insurance Company.

Protective is Protective Life Insurance Company and its subsidiaries, including the issuing companies of Protective Life Insurance Company and Protective Life and Annuity Insurance Company.

Term life insurance policies are issued by Hartford Life and Annuity Insurance Company and Hartford Life Insurance Company, Simsbury, CT, Protective Life Insurance Company/Protective Life and Annuity Insurance Company, Birmingham, AL and Transamerica Occidental Life Insurance Company, Cedar Rapids, IA.

Neither The Hartford, Protective Life, Transamerica Occidental Life nor their agents or employees provide tax or legal advice.  As with all matters of a tax or legal nature, your clients should consult their own tax or legal counsel for advice.

Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.  We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially.  Investors should consider the important risks and uncertainties that may cause actual results to differ.  These important risks and uncertainties include those discussed in our Quarterly Reports on Form 10-Q, our 2005 Annual Report on Form 10-K and the other filings we make with the Securities and Exchange Commission.  We assume no obligation to update this release, which speaks as of the date issued.

Filed under: