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BISYS To Distribute American Life Simple Term Coverage

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NU Online News Service, Oct. 3, 5:33 p.m. –The BISYS Group Inc., New York, says it will distribute ALNY Simple Term life insurance coverage from The American Life Insurance Company of New York, a unit of inviva Inc., Louisville, Ky.

American Life has developed a simplified-issue process to sell the coverage to pre-qualified groups of applicants through the Web.

BISYS will distribute the product to independent producers, broker-dealers, and carrier-sponsored programs as well as banks, accounting firms and direct-marketing organizations, the company says.