SOURCE: Travelex Insurance Services

Travelex Insurance Services

August 08, 2011 07:50 ET

Travelex Insurance Services Launches New 'Made Easy' Products

OMAHA, NE--(Marketwire - Aug 8, 2011) - Travelex Insurance Services, a leading provider of travel insurance in the United States, has just announced several new product enhancements to their leisure travel protection plans, effective August 2, 2011. The new Travelex 'Made Easy' series combines simpler plan packaging with extensive benefits, which makes it easier for travelers to select the plan which best fits their travel plans and less complicated for travel agents to offer.

Each of the three flagship products was designed with a specific market in mind. Travel Basic is the cost effective plan for essential travel protection. Travel Select is the family friendly plan with the popular 'children included at no additional cost' feature and Travel Max is the deluxe plan for luxury travelers. Additional plan enhancements include three streamlined Lifestyle Paks which are available as upgrades with Travel Select, allowing travelers to customize coverage for their individual needs. Travel Max now offers the 'Cancel for Any Reason' benefit as an optional upgrade which allows insureds to cancel their trip for absolutely any reason and receive up to 75% of non-refundable trip costs.

The initial response from travel agents who sell Travelex insurance has been very positive. They especially like the good, better, best plan designs; it makes it easy to identify the most appropriate plan for each client. Mike Ambrose, President of Travelex, said, "By listening to agents we have become keenly aware that simple is better when it comes to travel protection plans. Each of the changes we are introducing is designed to that end. At Travelex we pride ourselves in being the travel insurance expert so agents don't have to be."

Travel insurance sales remain strong throughout 2011. Consumers are more aware of the many weather related events and natural disasters which can impact their travel plans. In addition, their medical insurance policies may not provide coverage when traveling abroad and often have out-of-network deductibles. A travel protection policy with a broad range of benefits which is easy to understand is very beneficial to travelers today.

Beginning August 2, 2011 the new Travelex 'Made Easy' series will be available to consumers through travel agents, the Travelex website or online travel insurance aggregators. These travel insurance plans are underwritten by Stonebridge Casualty Insurance Company, an AEGON Company, Columbus, OH; NAIC #10952.

About Travelex Insurance Services:
Travelex Insurance Services, headquartered in Omaha, Nebraska, is one of the leading travel insurance businesses in the United States. The company was founded in 1996 when the Travelex Group purchased the travel insurance distribution services of the Mutual of Omaha Companies. Travelex delivers a wide range of travel protection plans through travel agencies and tour operators, in major airports and online at www.travelexinsurance.com.

About the Travelex Group:
Travelex is the world's foreign exchange specialist. The group is one of the world's leading providers of outsourced travel money to banks, travel agencies and other financial institutions. The group serves businesses and individual travelers through nearly 700 banks, stores, malls and airports in four regions: the Americas; United Kingdom; Europe, Middle East and Africa; and Asia Pacific. For more information, visit www.travelex.com/us. 24620350

Contact Information

  • Contact:
    Christine Buggy
    800-865-6068