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BISYS Gets Big ING Distribution Deal

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NU Online News Service, Feb. 15, 11:44 a.m. – The BISYS Group Inc., New York, has won a contract to distribute a bundle of life insurance, annuity and long-term care insurance products through 3,500 registered representatives at four broker-dealer networks affiliated with ING Advisors Network.

ING Advisors is a unit of the ING Groep N.V., Amsterdam.

The four broker-dealer networks are PrimeVest Financial Services Inc.; IFG Network Securities Inc.; Multi-Financial Securities Corp. and Vestax Securities Corp.

BISYS regional sales teams will arrange training programs for the registered reps, provide Web-based sales tools and conduct branch-office visits, the company says.

BISYS will also handle application processing, medical underwriting assistance and customer support services, the company says.