José Marques, APR
Media Relations Manager
Western & Southern Financial Group
Mail Station 90
400 Broadway Street
Cincinnati, OH 45202
FOR IMMEDIATE RELEASE:
Sheila Veits Roth
Media Relations Specialist (513) 629-1388
Western &Southern Financial Group's Life Insurance Member Companies Lead Nation in Adoption of Credit/Debit Card for Premium Payments
CINCINNATI June 19, 2012 In April 2001, Western & Southern Financial Group (Western & Southern) life insurance member companies became the first in the nation - and remain some of the few - to accept credit and debit cards for premium payments of life insurance policies held by their policyholders.
"Today, payment by credit card or debit card is the preferred method by many individuals," said Bryan C. Dunn, president of W&S Agency Group, Western & Southern's field agent sales operation for member company Western & Southern Life. "Our goal has always been to make it as easy and as convenient as possible for our policyholders to make their premium payments."
While first-time payments can be made with either a credit or a debit card, Western & Southern also gives its policyholders the option to make recurring payments with their credit cards. "There are situations when a policy may lapse because the policyholder forgets to make the premium payment by the due date. This service removes that risk and adds a level of comfort for our policyholders knowing they won't miss a payment no matter how busy life gets," said Jim Vance, vice president and treasurer for Western & Southern. "This is a convenience we have delivered to many policyholders since 2001, well ahead of today's trends and our peers and competitors nationwide."
About Western & Southern Financial Group
Western & Southern Financial Group (Western & Southern) is a Cincinnati-based Fortune 500 diversified family of financial services companies with assets owned and managed in excess of $55 billion as of March 31, 2012. Western & Southern’s six life insurance companies (The Western and Southern Life Insurance Company; Western-Southern Life Assurance Company; Columbus Life Insurance Company; Integrity Life Insurance Company; The Lafayette Life Insurance Company; and National Integrity Life Insurance Company) maintain the following ratings for financial strength: Standard & Poor’s AA+ Very Strong (currently the highest rating held by any life insurance company and making Western & Southern one of the eight highest-rated life insurance groups in the world), A.M. Best A+ Superior, Fitch AA Very Strong and Moody’s¹ Aa3 Excellent. With a heritage dating to 1888, the group’s affiliates also include Eagle Realty Group, LLC; Fort Washington Investment Advisors, Inc.;² IFS Financial Services, Inc.; Touchstone Advisors, Inc.;² Touchstone Securities, Inc.;³ and W&S Financial Group Distributors, Inc. Western & Southern is the title sponsor of the Western & Southern Open (www.wsopen.com) tennis tournament, a premier event in the U.S. Open Series featuring the world’s top-ranked professional male and female players.
¹ Lafayette Life is not rated by Moody’s.
² A registered investment advisor.
³ A registered broker-dealer and member FINRA/SIPC.
Ratings are current as of May 31, 2012, and refer to the claims-paying ability of the insurance company and not to the safety, stability or performance of any investment product.