BenefitMall.com Announces Free Broker Home Page Program.Business Editors DALLAS--(BUSINESS WIRE)--March 20, 2000 First of Its Kind Program Provides Wide Range of E-services An umbrella term for services on the Internet. E-services include e-commerce transaction services for handling online orders, application hosting by application service providers (ASPs) and any processing capability that is obtainable on the Web. See e-speak. and Reduces Insurance Brokers' Average Sales Cycle From 45 Days to 45 Minutes BenefitMall.com, the complete online exchange for small business employee group benefits programs, today announced that it is providing free Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the home page capabilities to all U.S. licensed small group insurance brokers. This free offering allows individual brokers to establish a customized online presence, which will result in significant productivity gains and cost savings. The brokers' average sales cycle can be reduced from approximately 45 days to 45 minutes. Initial response has been extremely positive with more than 1,000 brokers pre-registered for the program across the country. Through BenefitMall.com's free broker home page program, each participating broker will have access to an information and template (1) A pre-designed document or data file formatted for common purposes such as a fax, invoice or business letter. If the document contains an automated process, such as a word processing macro or spreadsheet formula, then the programming is already written and embedded in the package that will assist them in easily customizing their personal home pages. Brokers will be able to "brand" their Web sites with their personal Web address, company logo, photographs and contact information. These secure sites will also facilitate new communication and educational opportunities between brokers, clients and their respective employees. "BenefitMall.com provides practical solutions to serve the needs of the largest segment of America's economic engine, businesses with under 100 employees," said Bernard Ber·nard , Claude 1813-1878. French physiologist noted for his study of the digestive and nervous systems. DiFiore, president and chief executive officer of BenefitMall.com. "Our new free broker home page program empowers licensed brokers to profitably serve these small businesses by providing them with capabilities that were previously unavailable in the group benefits marketplace. Any group insurance broker who has cited time, effort or expense as barriers to becoming an e-broker just lost these reasons for not joining the Internet generation." BenefitMall.com is providing brokers free access to a world-class, e-business solution that would be nearly impossible to duplicate DUPLICATE. The double of anything. 2. It is usually applied to agreements, letters, receipts, and the like, when two originals are made of either of them. Each copy has the same effect. on an individual basis, added DiFiore. This new Web initiative further demonstrates BenefitMall.com's commitment to the broker model of selling group Selling Group All financial institutions involved in selling or marketing a new issue of debt or equity but not necessarily participating in the underwriting consortium. Notes: insurance benefits programs to small businesses. As an independent online distributor, BenefitMall.com provides the support required by both brokers and insurance carriers to serve their small business clients. Since BenefitMall.com streamlines their work, insurance carriers pay BenefitMall.com an override An arrangement whereby commissions are made by sales managers based upon the sales made by their subordinate sales representatives. A term found in an agreement between a real estate agent and a property owner whereby the agent keeps the right to receive a commission for the sale of on all programs sold through their network of independent brokers. Furthermore, by taking advantage of the free broker home page program or any other BenefitMall.com services, a broker's commissions are not impacted. "Brokers are the link between companies that care about their employees and the insurance carriers who supply the coverage," said DiFiore. "Unlike other Internet-based direct-sales insurance models that eliminate the personal touch of brokers, BenefitMall.com uses the power of the Internet to provide greater efficiency, while retaining the Broker's extensive professional knowledge and personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. service." About BenefitMall.com BenefitMall.com is the complete online marketplace for the buyers, sellers and providers of small business employee benefits. The company offers over 5,000 group benefit plans from more than 80 national and regional insurance carriers and sells more than $500,000 in insurance premiums every day to thousands of small businesses through a network of over 9,000 independent brokers. By utilizing free access to BenefitMall.com's Web-based exchange, e-brokers can eliminate paperwork and reduce their average sales cycle from about 45 days to 45 minutes. Headquartered in Dallas, BenefitMall.com operates sales and service offices in most major population centers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , as well as a national customer service and sales center to support Internet-based activities. A former subsidiary of Humana, BenefitMall.com is an independent company owned by Humana Ventures, Austin Ventures, Technology Crossover Crossover The point on a stock chart when a security and an indicator intersect. Crossovers are used by technical analysts to aid in forecasting the future movements in the price of a stock. In most technical analysis models, a crossover is a signal to either buy or sell. Ventures, Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. Ventures and company management. For more information, visit www.benefitmall.com. BenefitMall.com is a trademark of Centerstone Insurance and Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , Inc. Certain information in this release may be considered forward-looking in nature and may involve expectations, beliefs, plans, intentions or strategies regarding the future. By nature, forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to BenefitMall.com as of the date of the release. The company assumes no obligation to update any such forward-looking statement. The statements in this release are not guarantees of future performance and actual results could differ materially from our current expectations. Numerous factors could cause or contribute to such differences. |
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