FOR IMMEDIATE RELEASE
ICBA Expands Relationship with M Benefit Solutions - Launches Supplemental Disability/Long Term Care Program
Orlando, Fla. (March 19, 2010)—The Independent Community Bankers of America (ICBA) and M Benefit Solutions, an ICBA Preferred Service Provider, expanded their relationship to offer a supplemental disability and long term care program for community bank executives and directors. This proprietary program was designed specifically for community banks and is offered exclusively to ICBA members.
“M Benefit Solutions has helped ICBA member community banks with the design, implementation and administration of benefit plans to maximize the use of a bank’s financial resources. We are pleased to announce that M Benefit Solutions will be adding yet another beneficial product to their suite of offerings,” said Dan Clancy, ICBA senior vice president of services.
The new program through M Benefit Solutions offers bank-paid supplemental disability (DI) insurance that can be converted to long term care (LTC) insurance at retirement. Special deep discounts make it affordable and guaranteed insurability makes it both accessible and easy to implement.
“This disability and long term care program offers an affordable, pragmatic benefit to executives and directors,” said Donald H. Friedman, president and CEO of M Benefit Solutions—Bank Strategies. “This proprietary program provides ICBA members with lower prices, higher benefit levels, and greater design flexibility. We are pleased to team up with ICBA to offer this service to its membership.”
For more information about ICBA, visit www.icba.org. For more information about M Benefit Solutions and the new program, visit www.mben.com/bank.
About M Benefit Solutions—Bank Strategies
M Benefit Solutions— Bank Strategies, based in Portland, Oregon, is a division of M Benefit Solutions, a Subsidiary of M Financial Group. Please go to www.mfin.com/DisclosureStatement.htm for further details regarding this relationship. M Benefit Solutions - Bank Strategies is a recognized leader in the community bank executive and director benefits and BOLI marketplace. Through a network of firms located across the country,* M Benefit Solution— Bank Strategies helps banks attract, retain, and reward key executives and directors through the design, implementation, and administration of benefit programs that maximize the use of a bank’s financial resources.
*For more information on M Benefit Solutions—Bank Strategies and our network of Advisor Firms, please visit www.mben.com/bank.