GRAND RAPIDS, Mich. — Xtend Inc. has inked a term life insurance marketing agreement with CU Insurance LLC, a CUSO of $2.4 billion Mountain America Credit Union.
Term Source, a term life insurance program, will be available to Xtend's more than 165 credit union partners starting in September, according to Xtend.The online application and quoting engine offers polices from seven major carriers in the industry including MetLife, North American, and West Coast Life, with policy amounts from $50,000 to $10 million, according to Xtend.
"We were introduced to CU Insurance and their fellow Mountain America Credit Union CUSOs through our NACUSO membership," said Scott Collins, president of Xtend. "We saw tremendous synergy between their business model and ours, and we are excited to offer their industry-leading term insurance solution to the credit unions in our sphere of influence."
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Formed in 2002, Xtend offerings include outsourced bookkeeping services, member contact services, mortgage servicing, partnered liquidity opportunities, shared branching, member surveys, and insurance services.
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