BINGHAMTON, N.Y., June 2, 2016 /PRNewswire/ -- Security Mutual Life announced today that it is adding expanded functionality to its cloud based retirement plan proposal platform. The platform, which was developed by Plan Gen, Inc., for Security Mutual, was introduced last October as a defined benefit plan platform accommodating traditional defined benefit and section 412(e)(3) plans. The new expanded platform can also accommodate defined contribution plans – from simple 401k designs to complicated 401k – profit sharing combination designs.
The expanded platform includes a dedicated website that allows insurance advisors to request custom plan designs 24/7 and to access the designs (existing plans and pending plans) at any time and from anyplace that has internet service. Insurance advisors can also access custom marketing materials, from PowerPoint presentations to executive summaries.
In addition, the Security Mutual platform provides insurance advisors with their own "retirement planning"- microsites that include space for a bio, photo, video, links to the agent's social media pages and a "request for proposal" function. This dedicated webpage can enhance the insurance advisor's online visibility, especially in a retirement plan context.
George Kozol, a marketing executive with Security Mutual noted that independent advisors who are contracted with Security Mutual have access to complimentary plan proposals and to an affiliated plan administration company, Security Administrators, Inc. (SAI).
Dane Mitchell, president of SAI, commented that the tables and charts in the proposals make it easier for an employer to decide which plan type best suits his or new needs. Mitchell also observed that Security Mutual's retirement proposal platform makes the plan installation process faster and easier for all parties.
About Security Mutual Life Insurance Company of New York: Now more than 128 years old, Security Mutual Life continues to fulfill the mission upon which it was founded in 1886: to provide sound, equitable and competitively priced insurance products to help protect people against the financial hazards resulting from death, disability, or retirement. As a mutual insurer, the company operates for the benefit and protection of its policyholders. The company has more than $2.67 billion in assets and $31 billion of life insurance in force. Security Mutual employs more than 325 employees at its home office in Binghamton, New York, and distributes its products through a network of more than 5,000 independent agents located throughout the United States. Security Mutual is licensed in all 50 states, as well as in the District of Columbia and the U.S. Virgin Islands.
Security Mutual Life is independent of and not affiliated with, sponsored by, or endorsed by PlanGen LLC.
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SOURCE Security Mutual Life Insurance Company of New York