ST. PAUL, Minn., Sept. 6 /PRNewswire/ -- Minnesota Life Group Insurance has grown from the nation's sixteenth largest group life insurer to the fifth largest in only ten years.
According to data published by A.M. Best, Minnesota Life's group life insurance in force rose from $81 billion in 1996 to $475 billion 2006 and now tops $500 billion.
"Our service sets us apart," said Jim Johnson, executive vice president, Securian Financial Group (http://www.securian.com) and head of the group life business unit. "We've found that high-touch service combined with high-tech accessibility is the combination our clients are looking for." Respondents to customer surveys are 100 per cent satisfied with the service they receive from Minnesota Life, giving the company the exceptional Net Promoter(R) Score of 87 percent.
Minnesota Life's target market in the private sector is Fortune 1000 employers. In the public sector, the company provides group life benefits to nine state government employee groups, with the tenth and eleventh coming on board January 1, 2008.
Minnesota Life was among the first to enter the group life business, writing its first policy 90 years ago in 1917. In 1999, it was among the first to offer web-based group life administration for employers and employees.
For more information about web-based services offered by Minnesota Life Group Insurance, visit http://www.lifebenefits.com.
|SOURCE Securian Financial Group, Inc.|
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