QuickenInsurance (SM) (www.QuickenInsurance.com) today announced the addition of two new life insurance carriers, ING Life Direct and Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies, to its award-winning Web site. QuickenInsurance(SM), the leading online insurance marketplace provided by Intuit Insurance Services, Inc., a wholly owned subsidiary of Intuit Inc. (NASDAQ: INTU), is working with ING Life Direct and Sun Life Financial to provide consumers with even more choices when making life insurance decisions.
"Today's Internet savvy consumers demand greater convenience and choice when purchasing insurance online," said Steven Aldrich, president and general manager of QuickenInsurance. "Adding these new carriers to QuickenInsurance demonstrates our commitment to meeting our customers' changing needs and providing them with the most insurance options."
Guaranteed Premiums with Sun Life Assurance Company of Canada
Consumers may now receive Sun Life Assurance Company of Canada's new eSun term life products, eSun10sm and eSun20sm, through QuickenInsurance's Web site. Ideal for consumers who want the guarantee of level premiums and a level death benefit, the new eSun products consider consumers' evolving needs and purchasing preferences, while streamlining the application process.
"The availability of our new eSun term life products on QuickenInsurance gives customers the opportunity to purchase insurance products that are right for them," said Mark DeTora, vice president of Individual Insurance, Sun Life Financial.
ING Life Direct Offers Net Term (SM)
Additionally through QuickenInsurance, ING Life Direct is offering consumers a low-load term life insurance product, Net Term (sm), with 10 and 20 level premium guarantees.
"ING Life Direct™ focuses on delivering the consumer better value with low-load term insurance products& policies without many of the traditional loads or costs of selling and distributing life insurance and state of the art processing via the Internet," said Dottye Stewart, senior vice president and CMO for ING Life Direct.
About Sun Life Financial
Sun Life Financial is a diversified international financial services organization focused on providing financial solutions to businesses as well as individuals throughout their lifetime. Tracing its roots back to 1871, Sun Life Financial and its partners today have operations in key markets worldwide, including the United States, Canada, the United Kingdom and Asia. With total assets under management of US$223 billion (as of June 30, 2000), Sun Life Financial is among the world's largest global wealth management and insurance organizations.
Sun Life Assurance Company of Canada and affiliates offers a variety of financial products and services in the U.S., including a full portfolio of individual life insurance products -- term, whole life, universal life, and variable universal life.
Sun Life Assurance Company of Canada is a wholly owned subsidiary of Sun Life Financial Services of Canada, Inc. (NYSE: SLC)
About ING Life Direct
ING Life Direct™ is a trade name of the underwriting company, Equitable Life Insurance Company of Iowa, and offers low-load term life insurance direct-to-consumer via the Internet. Equitable Life, founded in 1867, is owned by ING America Insurance Holdings, Inc., which is part of the ING Group, based in Amsterdam.
With nearly 100,000 employees in more than 65 countries, ING Group is a global financial institution that is active in the field of insurance, banking, and asset management. ING seeks to provide a full range of integrated financial services to private, corporate and institutional clients though a variety of distribution channels, giving them the freedom to choose the option that best suits their individual needs.
ING is listed 14th among the Forbes Super 100, as of July 2000, based on revenue, net income and market value and, among the top 10 financial services institutions in terms of market capitalization in both Europe and the US.
ABOUT QUICKENINSURANCE
QuickenInsurance (www.QuickenInsurance.com) is the leading insurance service Web site on the Internet, offering real-time, online term life and auto insurance quotes, complete with multiple payment options. The site, which was named the top insurance aggregator by Morgan Stanley Dean Witter in 1999 and is currently ranked as the number one online insurance firm by Gomez Advisors, also features a library of educational material to assist consumers in learning more about insurance, as well as interactive insurance planning tools and information from independent experts.
QuickenInsurance is part of Quicken.com™ (www.quicken.com), which provides individuals with information and software tools to help them make better financial decisions.
