Aon’s Agency Specialty Product Network Forms LifeSource Alliance

Agency Specialty Product Network has joined with LifeSource – a BISYS Company to provide independent property and casualty agents and brokers a “virtual” life insurance department to enhance sales, profitability and client retention.

LifeSource is an operating division of BISYS Insurance Services, a national independent distributor of life insurance. The company has relationships with over 175 insurance companies and provides access to a wide range of competitive life, annuity, long-term care and disability insurance products.

“The partnership between ASPN and LifeSource will provide participating property and casualty shops with access to a wide range of services that will help them make life insurance an integral part of their own product offering,” says Dick Langhough, senior vice president, national life sales manager, P&C division, LifeSource.

According to Langhough, LifeSource assists agents in the sales process, provides access to products, handles the case design and manages the entire back office. Our goal is to ensure that property and casualty agents maintain and strengthen their client relationships by providing a more robust service offering, he said.

LifeSource provides an outsourced life insurance distribution solution to non-traditional channels via its national, multi-carrier, employee-based, “point-of-sale” platform. As part of a public company, LifeSource ensures that the proper controls and compliance mechanisms are in place and that a consistent business methodology is deployed across the entire client network. LifeSource assist agents with prospecting and profiling, designing strategies and providing advice on life insurance products and services. LifeSource is also works with agents on presenting the solutions to clients whenever appropriate.

“The partnership between LifeSource, a BISYS Company, and ASPN is just one example of how ASPN assists the independent agency network in building profitable, new revenue streams,” says Jerry Tegan, president and CEO of ASPN.

For more information about LifeSource, contact ASPN at 1-877-275-2776 or visit www. BISYSPC.com

Agency Specialty Product Network, Inc., ASPN, is a unit of Aon Corporation. ASPN operates as a marketing arm for more than 30 provider companies. For more information call ASPN at 1-877-275-2776 or visit the website at www.askaspn.com.

The BISYS Group, Inc. provides outsourcing solutions that enable investment firms, insurance companies, and banks to serve their customers, grow their businesses, and respond to evolving regulatory requirements. Additional information is available at www.bisys.com.

Topics Agencies Excess Surplus Property Casualty Aon