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Insphere Insurance Solutions^® To Begin Marketing Supplemental Insurance Products From Family Heritage

 

Insphere Insurance Solutions Adds Family Heritage Products  to Their Supplemental Insurance Portfolio

 

DALLAS/FORT WORTH – November 5, 2010 – Insphere Insurance Solutions^® (http://www.insphereis.com) announced today that it is now offering selected supplemental insurance products nationally from Family Heritage Life Insurance Company of America.

 

“Insphere Insurance Solutions is excited to add Family Heritage’s ‘Return of Premium’ supplemental insurance products to our product portfolio. These products provide our agents additional innovative coverage options to meet an even broader range of client needs,” said Ken Fasola, Insphere’s President and Chief Operating Officer. “The Family Heritage products are an important layer of financial protection and, because of the return of premium benefit*, these products are a ‘win-win’ for the client. They receive benefits when they need them or their money back if the coverage wasn’t fully utilized.”

 

Insphere will market four supplemental insurance products from the Family Heritage portfolio:

·         CancerCare Plus for cancer coverage

·         CardiaCare for heart attacks and strokes

·         InjurCare Plus for accidental injury

·         IndemniCare for hospitalizations

 

Where available, the supplemental insurance products from Family Heritage include a return of premium benefit. To be eligible, members must keep their insurance policy in force for the contracted number of years. Members who do not have any claims during the contact time will have all premium costs returned to them. Members who do have claims during the contracted time will receive a return of premium less any benefits paid during that time.

 

“Insphere’s marketing agreement with Family Heritage demonstrates our commitment to expanding our portfolio of life, health, long-term care and retirement insurance products to better meet the range of needs within the small business and middle-income market,” said Fasola. “We believe that our robust product portfolio, combined with our agents who provide personalized service and understand the unique needs of the individual insurance buyer, enables Insphere to deliver an unmatched level of service to our clients.”

 

*Return of Premium benefit may not be available in all states.

 

About Family Heritage Life Insurance Company of America

Family Heritage is an industry leading provider of supplemental health insurance products to American families.  For more information regarding Family Heritage, visit the Company’s website at http://familyheritagelife.com.

 

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About Insphere Insurance Solutions

Insphere Insurance Solutions, Inc. is a distribution company that specializes in meeting the life, health, long-term care and retirement insurance needs of small businesses and middle-income individuals and families through its portfolio of highly rated products offered by nationally recognized insurance carriers. Insphere is an authorized agency in all 50 states and the District of Columbia with approximately 2,600 agents nationwide. For more information, please visit www.insphereis.com.

 

CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This news release may include forward-looking statements relating to Insphere Insurance Solutions, Inc. that are subject to certain risks, uncertainties and assumptions.  Such forward-looking statements are intended to be identified in this document by the words "anticipate," "believe," "estimate," "expect," "intend," “may,” "objective," "plan," "possible," "potential," “project” and similar expressions.  Actual results may vary materially.  Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update them to reflect changes that occur after that date.  Factors that could cause actual results to differ materially include, but are not limited to, the effect of recently enacted national health care reform legislation on our business; other legal or regulatory developments which may adversely affect our business including, but not limited to, laws or regulations which impede our ability to obtain effective leads; any failure to comply with applicable law or regulations; our ability to maintain applicable licenses; our ability to enter into and maintain satisfactory relationships with insurance carriers and agents; our ability to implement and maintain various information technology and administrative systems, platforms and processes necessary to successfully run the businesses, or the failure of such systems, platforms and processes to provide timely and accurate information; our reliance on outsourcing arrangements, which may subject us to risks related to business disruption or otherwise adversely affect our operations; termination of agreements with insurance carriers or revisions to contract terms which may adversely affect our business; the failure of insurance carriers to pay us in a timely and accurate manner or to provide us with data required to support product sales and accurately pay our agents; and the failure of an insurance carrier to administer underwritten business in an appropriate manner, which may lead to customer dissatisfactions and the lapse or cancellation of policies for which we and our agents receive commissions. Like any business, the progress and success of the company entails substantial uncertainty. There can be no assurance that other factors not currently anticipated by the company will not materially and adversely affect our financial condition and results of operations.  Readers are cautioned not to place undue reliance on any forward-looking statements made by us or on our behalf.

Media Contacts:

Donna Ledbetter
(817) 255-5405
Donna.Ledbetter@InsphereIs.com

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