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Third Party Administration
Liberty Bankers Life Outsources
Insurance Administration to UTG -
Supports Growth-by-Acquisition Strategy
Dallas, Texas, June 11, 2004-
Liberty Bankers Life Insurance Company will now be positioned to quickly
and efficiently convert acquired blocks of life insurance business thanks
to the business process outsourcing services offered by UTG. Liberty Bankers Life has identified BPO as a key dynamic to its
growth-by-acquisition strategy.
“Business process outsourcing is really the best of both
worlds for Liberty Bankers Life,” remarked Jim Rousey, President of UTG. “Utilizing our expertise and BPO services, coupled with the technical backbone of Fiserv Insurance
Solutions, gives them the agility to grow their business at an on-demand
cost structure. And, they still maintain control of their operations
through mutually agreed upon service levels.”
UTG provides complete business process
outsourcing services to the life insurance industry. Their commitment to
quality, integrity and best-in-class service is the foundation of their
success in assimilating the administration of acquired companies, and
expertly managing conversions. In 2002, UTG formed a
strategic alliance with Fiserv Insurance Solutions to leverage best of
breed technology with industry leading efficiency and service. UTG, Inc. is located on the Internet at
www.utgins.com.
Liberty Bankers Life (LBL) has been providing high-value
financial products and services to consumers since 1958. The company has
assets of approximately $225 million and operates in 37 states. Domiciled
in the state of Oklahoma, LBL is currently rated “B” by AM Best and
distributes its portfolio of fixed annuity products through a network of
more than 1,000 independent agents and brokers. Liberty Bankers Life can
be found on the Internet at
www.libertybankers.com.
Greg Weber
Vice President
Liberty Bankers Life
(303) 708-9020
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