WINDSOR, Conn., Aug. 23, 2016 /PRNewswire/ -- Vantis Life Insurance Company today announced that A.M. Best, the independent financial services rating agency, has affirmed its A- (Excellent) rating with a Stable Outlook.
In its report on the company, A.M. Best said, the solid rating reflects "strong brand recognition" and ongoing "growth of ordinary life premiums."
"Vantis Life continues to strengthen its brand by marketing bank-sold protection-oriented life insurance products to the middle market," A.M. Best said in its notification to Vantis. "Its products are easy-to-sell and easy-to-buy in the financial institution channel."
"Clearly, we are pleased with this high A.M. Best rating – a rating maintained for the 20th consecutive year," said Peter Tedone, Vantis Life's President and CEO. "We believe this rating reflects our ongoing solid, conservative financial profile as well as our aggressive business plan to provide customers of financial institutions with easy access to a comprehensive suite of life insurance products."
"With our latest introduction of annuity products, we continue to adapt to changing market conditions as well as the changing financial needs of our customers, helping us remain well positioned for steady, measured growth," he said. "Our hard-to-replicate business model, as always, is focused on the middle income customer – a population segment that is typically overlooked by many other insurance companies."
The A.M. Best Company is the largest and longest-established company devoted to issuing in-depth reports and financial strength ratings about insurance organizations. Ratings are assigned after extensive quantitative and qualitative evaluations of companies' financial strength, operation performance and market profile.
About Vantis Life
Vantis Life Insurance Company was established in 1942. From its inception, the company's primary goal has been to provide families with affordable life insurance and annuity products available through their financial institutions. Vantis Life prides itself on providing simple, easy-to-afford products to middle and upper middle income families. Sales and marketing information is available at 1-866-826-8471 or www.vantislife.com/able.
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SOURCE Vantis Life Insurance Company