NU Online News Service, April 6, 2005, 2:53 p.m. EDT

An East Hartford, Conn., insurer has introduced a new Internet-based life insurance sales system for bank reps.[@@]

The insurer, VantisLife Insurance Company, says the electronic system will speed up the process that VantisLife uses to give bank reps life quotes and take applications.

The new system should cut the typical turnaround time to 15 minutes, VantisLife says.