NU Online News Service, May 30, 2003, 12:08 p.m. EDT – UnumProvident Corp., Chattanooga, Tenn., says it will be moving away from providing field-office support for sales of true individual disability insurance and true individual long-term care insurance.
UnumProvident also will emphasize distribution of individual disability and LTC products through its primary field broker network and shift away from dependence on a “few specialized managing general agency agreements,” the company says.
UnumProvident plans to support the sale of individual products through a special unit at the home office.
UnumProvident says it will continue to provide field support for “multi-life” cases, or efforts to sell multiple individual disability insurance policies and multiple individual LTC insurance policies through the worksite.