Bankers Life and Casualty Company Inks Retiree Medical Coverage Deals Worth $5 Million.Business Editors CHICAGO--(BUSINESS WIRE)--April 14, 2004 Bankers Life and Casualty Bankers Life and Casualty is primarily a health insurance company in the United States. It was founded in 1879 and was previously known as White Cross. It was formerly owned by millionaire investor John D. Company, a leading provider of insurance products to senior Americans, has finalized See finalization. deals to provide health coverage for 3,000 retirees of Burlington Industries Burlington Industries was a diversified U. S. fabric maker based in Greensboro, North Carolina. The company had operations in the United States, Mexico, and India and a global manufacturing and product development network based in Hong Kong. , a North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. manufacturer of fabric, and Utah's Kennecott Energy, a subsidiary of Rio Tinto Rio Tinto may refer to:
The new deals provide policyholders with group coverage similar to Medicare supplement insurance. The business will generate a combined total of more than $5 million in new annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. premiums for Bankers. For the employers, the approach provides a more cost-effective way to insure their retirees. Bankers Affinity Marketing Group worked for many months with officials of both companies to create exactly the right customized policies for each. The deals took effect earlier this year. Dave Bledsoe, vice president of development, credits a home office partnership with Bankers field staff with the success of both deals. "Curtis Carey, branch sales manager sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → in Spokane, Wash., initiated the contact with Kennecott Energy," said Bledsoe, "and Linda Pritchett in Greensboro, N.C., was responsible for signing Burlington Industries. In addition, her branch office helped the retirees enroll for coverage." Bankers Affinity Marketing will explore additional business opportunities with Rio Tinto this year. Currently, Affinity Marketing has contracts with more than 25 local property and casualty agencies, employers, banks, credit unions and associations with over 1,375,000 total senior members, customers and employees. For more information, visit www.Bankers.com. Established in 1879 and headquartered at the world-famous Merchandise Mart in downtown Chicago, Bankers Life and Casualty Company focuses exclusively on the financial security needs of seniors. The company offers a broad portfolio of health and life insurance and retirement savings products designed especially for seniors. These products are distributed through a national network of professionally trained company agents. |
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