Spring 2003
For Immediate Release
iPipeline announces the addition of UnumProvident
to its Long Term Care Quote Engine
Exton, PA — iPipeline and UnumProvident have formed a strategic alliance enabling wholesalers and agents to electronically quote UnumProvident's latest LTC product line. Leveraging iPipeline's web-based services, UnumProvident can now offer agents the ability to instantly react to their clients' specific LTC needs and budgets. Utilizing innovative products that distinguish the difference between plans that reimburse for costs "already" incurred and plans that pay "regardless" of costs incurred, enables UnumProvident to provide agents with an expanded level of choice "The ability to quote our products within iPipeline's quote engine allows our agents to benefit from the immediacy that the Internet provides in today's insurance selling marketplace, and we are excited to be able to provide this resource to our agents to make their work easier," said Guy Bertsch, Unum Provident, Vice President, Core Market Development. Lawrence C. Berran, President of iPipeline commented, "UnumProvident products will provide our Brokerage General Agents and their agents with unique quality products at competitive prices. We are very pleased to add UnumProvident to the growing number of carriers participating in our content repository. Many of our customers have requested the inclusion of UnumProvident and we are happy we can meet their needs."
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 310+ wholesalers, 80,000 agents and top financial institutions.
About UnumProvident
The subsidiaries of UnumProvident Corporation (NYSE: UNM) offer a comprehensive, integrated portfolio of products and services backed by industry-leading return-to-work resources and disability expertise. UnumProvident is the leader* in income protection, providing insurance and services to individuals, both directly and through their employers. UnumProvident has more than 100 years of experience in creating innovative solutions that protect the rewards of work: paychecks, assets and lifestyles. UnumProvident was named one of Fortune’s top ten most admired insurance companies**. UnumProvident Corporation has operations in the United States, Canada, the U.K., Japan, and elsewhere around the world. Company headquarters is in Chattanooga, Tenn. with significant U.S. operations in Portland, Maine; Worcester, Mass.; and Glendale, Calif.
* UnumProvident represents multiple insuring subsidiaries of UnumProvident Corporation, including the #1 individual and group income protection carriers in the U.S. and Canada, according to the LIMRA 2001 Issues & In-force Surveys, 2002 and the JHA U.S. 2001 Group Disability Market Survey, 2002.
** “America’s Most Admired Companies.” Fortune magazine, March 3, 2003.
For further information, contact:
William A. Atlee, Chief Marketing Officer, iPipeline 484.348.6555