Prudential, Institution Solutions Partner To Offer Group Insurance Benefits
NEWARK, N.J.— Prudential Group Insurance and Texas-based Institution Solutions (ISI) announced they have partnered to provide group insurance benefits to more than five-million credit union members across the country.
The companies said Prudential is now offering Accidental Death and Dismemberment Insurance to credit unions through ISI and delivered by Alloy, which operates on the behalf of the credit union to deliver benefits to their members. The credit unions participating range in size from small organizations to those with more than 700,000 members, including two of the largest credit unions in the United States, the companies said.
“We’re proud to offer affordable AD&D Insurance to these credit unions so their members are able to better protect their families’ financial futures,” said Kevin Morgan, VP, Association & Cross Business Initiatives, Prudential Group Insurance. “Unexpected loss can be devastating for families and we’re grateful for Institution Solutions’ confidence in our ability to serve the unique needs of their clients by offering services that strengthen members’ overall financial health.”
Added Paul Clampitt, chairman and founder of ISI and ALLOY, “Giving Credit Unions the ability to provide accidental death benefits, along with other insurance products, provides an important, complementary service tied to the traditional credit union investment and loan model. Prudential has become a valuable partner able to provide relevant services to our clients as they look for new ways to care for their members’ well-being.”
For info: www.isillc.com.