SOURCE: Futurity First Insurance Group

Futurity First Insurance Group

May 20, 2010 09:42 ET

Futurity First Insurance Group Expands and Enhances "Best-in-Class" Product Portfolio

ROCKY HILL, CT--(Marketwire - May 20, 2010) -  Futurity First Insurance Group has added new top-shelf protection and retirement products from their current cadre of "best-in-class" carriers and new carriers to broaden and enhance the product portfolio available to its community-based agents to serve the needs of their clients. Futurity First Insurance Group is an independent, nationwide insurance distribution organization specializing in financial security for families, seniors, small businesses and the self-employed. 

First, the company expanded the product offerings from current carriers John Hancock Life Insurance Company and Genworth Financial. Futurity First will now offer John Hancock LifeCare product, a single-premium whole life insurance product that provides protection for both life and long-term care (LTC) insurance needs in a single policy. The company has also added Genworth Financial's linked benefits products: Total Living Coverage (TLC), a universal life insurance contract with LTC benefits, and Total Living Coverage Annuity (TLCA), a single premium deferred annuity with LTC benefits. Linked-benefit products are taking hold in the industry due to the favorable treatment afforded to owners of life and annuity products toward LTC benefits because of the Pension Protection Act of 2006.

"At Futurity First, we focus on our markets first: families, seniors, small businesses and the self-employed and then select the best products from top tier, financially strong companies with excellent service reputations," explains Michael McGowan, Vice President of Product Management. 

Among new carriers Futurity First has selected for its product portfolio are:

  • Royal Neighbors of America, a subsidiary of Great American Financial, for Simplified Issue Whole Life and Graded Benefit Whole Life products designed to help customers plan for covering final expenses. 

  • Aviva's Income Select Bonus and Spirit Bonus annuity products and American Equity's Retirement Gold and Integrity Gold annuity products will join annuity carriers such as ING and Allianz currently available in the Futurity First portfolio. With these additions, Futurity First offers leading carriers writing indexed annuities today. 

"Our goal is to provide our agents with the best product choices to allow them to confidently, objectively and effectively guide their clients to financial security," continued McGowan. 

To review all the carriers and product offerings from Futurity First, please visit the website at www.futurityfirst.com.

About FUTURITY FIRST Insurance Group

Reinventing the Insurance Business.

Futurity First Insurance Group is an independent, nationwide insurance distribution organization specializing in financial security for families, seniors, small businesses and the self-employed. Futurity First agents and branch managers are leaders in their communities and highly skilled in providing the best possible solutions to meet customers' insurance protection needs. The agents are able to deliver on their promises because the Futurity First platform provides access to best-in-class financial products from selected leading carriers, efficient centralized administration, as well as effective support for business development and client service excellence.

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