Crump Launches Policy Application Summarization and Underwriting Services Through...

Crump Launches Policy Application Summarization and Underwriting Services Through New Risk Righter Division

ROSELAND, N.J.--(Business Wire)--
Crump Life Insurance Services, a leading wholesale distributor of
insurance products in the United States, has launched Risk
Righter(TM), a new service that supplies summarization and electronic
delivery of life insurance policy application medical files and
associated documents to support the new business process.

"One of the most pressing issues for life insurance carriers, and
the industry, today is the growing number of lengthy informal
applications with large medical files and low placement rates," said
Brian Winikoff, president of Crump Life Insurance Services. "To
address this, we successfully created a process to efficiently
summarize medical files, enabling carriers to make offers much more
quickly and cost-effectively."

Risk Righter, a new business unit within Crump's independent
subsidiary, AgencyWorks, was created to offer these underwriting
summarization and technology services to carriers, as well as to
general agencies.

The Risk Righter summarization process was designed by
underwriters with the needs of underwriters in mind, and is fully
compliant with HIPAA regulations, leveraging advantages in process,
technology and trained medical professionals. Explained Mike McCarty,
Risk Righter vice president, "This process is an efficient and proven
method within the life insurance industry, and has significantly
reduced paper submissions to carriers. Initial carrier client
experience has validated a 99% file review accuracy rate."

Continued McCarty, "Building off the experience of our national
team of underwriting professionals, we are uniquely positioned to
understand the challenges and issues in the industry today, enabling
us to create a solution that works for us and will work for others
equally well."

Similar to the business model successfully employed by
AgencyWorks, Risk Righter utilizes audited and approved firewalls to
maintain the information and confidentiality of all client data. Added
Winikoff, "As with our AgencyWorks subsidiary, we are leveraging the
technology and processes developed by Crump, but the Risk Righter
service is managed separately, providing the strictest protection to
clients."

Inquiries about Risk Righter should be directed to Mike McCarty,
vice president, at Michael.McCarty@RiskRighter.com.

About Crump Life Insurance Services

Crump Life Insurance Services (formerly BISYS), is part of Crump
Group, Inc., the largest wholesale insurance distributor in the United
States and nations' largest independent administrator and recordkeeper
for small- and mid-sized retirement plans. Crump Life is a prominent
independent wholesale distributor of life insurance, linking a
national network of approximately 200,000 financial services
professionals with the products manufactured by approximately 100
highly rated insurance companies.

Crump supports the distribution of traditional and variable life,
long-term care, disability, annuity products and life settlements with
the industry's premier sales and back-office support services.

Crump's technology-driven insurance distribution solutions also
include the insurance brokerage industry's most advanced
Internet-based capabilities and the pre-eminent administration system
to support all aspects of processing with multiple insurance
companies.

Crump Life Insurance Services includes the following businesses:
AgencyWorks, Hanleigh, LifeSource, The Potomac Group, Risk Righter and
TIME Financial.

Risk Righter is a trademark of AgencyWorks, LLC

Crump Life Insurance Services
Sherri Lindenberg, 973-461-2153
Senior Vice President
Marketing Communications
www.CrumpLifeInsurance.com

Copyright Business Wire 2008