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In Reply to: IMPRESSIVE NEW PRODUCT RELEASE posted by Ben Richards, CFO on April 15, 2002 at 06:25:24:
Ben, We have recently negotiated with NAC an MGA to sell this particular Stop Loss Policy. It is in high demand and is available through St. Paul. Thanks
F.Y.I.: I am attending a seminar in Pheonix, AZ where AXCESS Insurance has announced to over 500 agency reps. (at a Black Tie Dinner) the release of the new "Stop Loss" Insurance Policy. It is reported to be the fastest selling and highest paid commission product available today. They showed some impressive numbers and the company is very well funded. The policy "sales pitch" is quite simple: The "Stop Loss" policy is the only insurance product available today that covers investor's risk in the stock market (any investment vehicle: EX: 401K, mutual fund, individual brokerage account, etc.). I spoke with an agent that sells the policy already and he says it is the source of the majority of his agencies income. I found more info at: www.axcessinsurance.com and found an agency writing the policy throughout all 50 states at: www.allriskgrp.com. I will post any other details as I come across them. Ben
