Bisys has won a contract with ING Advisors Network in the US to support four of the firm's wholly-owned, Nasd broker-dealers with a comprehensive insurance distribution solution.
Under the deal, Bisys will provide 3500 registered representatives of PrimeVest Financial Services; IFG Network Securities; Multi-Financial Securities Corporation; and Vestax Securities Corporation with a customised portfolio of insurance products, including traditional and variable life, fixed annuities, and long-term care.
Using Bisys' Internet-based capabilities, business reps will be able to generate term life comparisons and product illustrations, manage cases 24x7, and conveniently access thousands of pages of sales, marketing, and underwriting information from their desktop. Bisys also will provide application processing, medical underwriting assistance, and policy owner support services.