GoldK Adds Insurance Channel; Industry Veteran Robert Bonner, JD, CLU, ChFC to Lead Efforts.Business/Technology Editors WALTHAM, Mass.--(BUSINESS WIRE)--June 19, 2001 GoldK, the retirement-services company that uses scalable 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 technology to deliver and administer 401(k) plans and IRAs, announced today that it is expanding its distribution efforts to include insurance-company broker/dealers. The new program will be headed by Bob Bonner, JD, CLU (language) CLU - (CLUster) An object-oriented programming language developed at MIT by Liskov et al in 1974-1975. CLU is an object-oriented language of the Pascal family designed to support data abstraction, similar to Alphard. , ChFC, vice president of Insurance Channel Sales for GoldK. "Insurance broker/dealers are a natural distribution outlet for GoldK's services," said Troy Shaver, vice chairman. "Their advisors have trusted relationships with their clients, many of whom are also business owners. In Bob Bonner, we are fortunate to have someone who is well-known and respected in the insurance industry leading this drive," he added. Mr. Bonner spent 28 years with Sun Life of Canada, where he began as an agent and ultimately became directly responsible for all areas of individual life-product distribution in the U.S. He ran the career agency system, general agencies, national accounts, marketing, corporate-owned life insurance Corporate-owned life insurance (COLI) is life insurance on employees' lives that is owned by the employer corporation. COLI was originally purchased on the lives of key employees and executives by a company to hedge against the financial cost of losing key employees to , the offshore business, and Sun Life's broker/dealer. Mr. Bonner was also Sun Life's chief pension officer for several years. During his tenure he built wholesaling teams and also was responsible for pension product development and underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. . An attorney, Mr. Bonner joined GoldK as general counsel in 2000 from State Street Global Advisors, where as vice president and principal he provided trustee and fiduciary fiduciary (fĭd  `shēĕ'rē), in law, a person who is obliged to discharge faithfully a responsibility of trust toward another. services to
ESOPs and qualified plans.
"My experience of establishing business lines within the insurance arena will be invaluable in this position," said Mr. Bonner. "I'm excited about having the opportunity to re-connect with many people I've conducted business with over the years. Having previously run a pension administration company, I am convinced that GoldK's innovative online retirement platform is a value-added service A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. that will be embraced by the insurance broker/dealer community," he added. GoldK delivers "straight-through" processing to retirement plan sponsors via XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. , the Web programming language, allowing all aspects of adopting, maintaining, and participating in a retirement plan to take place online. Offered through financial intermediaries Financial intermediaries institution that provide the market function of matching borrowers and lenders or traders. , GoldK's retirement plans give plan sponsors of any size access to the most sophisticated plans available today. Investors can choose from a wide selection of mutual funds and model portfolios from many of America's leading fund families while enjoying plan access on demand, complete plan administration and record-keeping services, and investor education with Retire Today(TM), a daily online newsletter. |
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