SOURCE: Financial Industries Corporation

January 09, 2007 16:45 ET

Investors Life Forms Marketing Alliance With TributeDirect™

AUSTIN, TX -- (MARKET WIRE) -- January 9, 2007 -- Financial Industries Corporation (PINKSHEETS: FNIN) today announced that its subsidiary, Investors Life Insurance Company of North America, has formed a marketing alliance with TributeDirect™, a provider of discount funeral services and products.

By pairing its premier final-expense life insurance product, Eagle Select, with TributeDirect™'s funeral protection plan, Investors Life is providing its clients with a full-service solution to difficult end-of-life concerns.

TributeDirect™ gives clients an interface through which they can record their final wishes, planning everything from type of service to flowers to caskets, which they offer at discounted prices. Eagle Select's death benefit can give families the means to pay for those services, which are then purchased at the time of need.

"The Eagle Select product, which was introduced earlier in 2006, has met all strategic expectations," said Michael P. Hydanus, FIC's interim president and chief executive officer. "We are excited by the consumer and distributor interest as we move forward with the offering."

Investors Life has implemented a cost-efficient strategy to administer the business by using a third party to perform the pre-underwriting functions on a variable cost basis. The company also secured a distribution arrangement with a top independent marketing organization.

"We look to continue this momentum through recruiting initiatives in our brokerage and Family Sales Divisions and by partnering with TributeDirect™," said Wayne Whitmire, senior vice president of Investors Life marketing and sales.

FIC, through its Investors Life subsidiary, markets and underwrites individual life insurance products. For more information on FIC, go to on the Internet.

TributeDirect™ is a leading online provider of funeral planning services, including grief counseling, planning assistance, plan storage and competitively priced funeral products such as caskets, flowers and markers.

Statements in this document relating to life insurance sales, marketing alliances, future developments and disclosures and other statements that are not historical facts are forward-looking statements. Actual results may differ materially from these forward-looking statements as a result of market conditions, the timing and results of FIC's audits, reviews and filings with regulatory bodies, the interest of and actions by third parties engaging in transactions with FIC and other factors contained in FIC's Form 10-K for the year ended Dec. 31, 2004, and other filings with the SEC.

Contact Information

  • Contact Information:

    Financial Industries Corporation
    Shannon Coffin
    Phone: 512-404-5128
    E-mail: Email Contact


    Michael Rybarski
    Phone: 800-994-3070, ext. 2101