Filed Under:Markets, Company News

Vantis Life offers payment flexibility post-Sandy

ALSO: Industry news from NAFA, Futurity First, RIIA, Towers Watson & OneAmerica

(AP Photo/Mike Groll)
(AP Photo/Mike Groll)

Vantis Life Insurance Company is offering policy holders and applicants more flexibility following the disruption caused by Hurricane Sandy.

The company will extend the time policyholders have to make premium payments, will allow the underwriting of cases to continue past their traditional withdrawal date and will not penalize new customers who have checks or electronic funds transfer payments returned for insufficient funds.  Notices of these changes will be posted on the company’s web site.  These provisions will be in effect through November 30, 2012, but will be reviewed at that time for potential extension.

Towers Watson (NYSE, NASDAQ: TW), completed its acquisition of DaVinci Consulting Group, a boutique actuarial consulting firm that specializes in the long-term care insurance market. The company had previously announced its intent to acquire the DaVinci business in October.

DaVinci’s principals and consulting staff have joined the life practice within Towers Watson and will be based in the Philadelphia area. Vince Bodnar, principal and co-founder of DaVinci, will lead the long-term care business. The deal is not expected to materially change Towers Watson’s financial results for the fiscal year.

Featured Video

Most Recent Videos

Prospects not listening to voice mail? Arrange a phone date


Redesigning your phone life is more important than finding the “best words” for a voice mail in today’s culture.

Behind the scenes with Vicki Gunvalson [VIDEO]


In this exclusive interview, Vicki Gunvalson shares how she built a $15 million a year annuity business by planning for...

Regulator: Market may need to reinvent LTCI


Cioppa says Maine's governor wants to spur the creation of better products.

Dementia: It's more than Alzheimer's


An association calls for policymakers to remember lesser-known neurodegenerative conditions.

Related resources

More Resources


Power your business with up-to-the-minute insurance news, analysis, and best practices from LifeHealthPro Daily eNewsletter – FREE.

Power your business with LifeHealthPro Daily eNewsletter – FREE.

Enter a valid email address.
Nichole Morford

Nichole Morford
Managing Editor

Thank you for subscribing to LifeHealthPro Daily!

Check Out More eNewsletters Now! Close

Advertisement. Closing in 15 seconds.