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Invis to Provide Creditor Insurance Program from Great-West Life

TORONTO, November 22, 2002 — Invis Inc. ("Invis") and Great-West Life Assurance Company (Great-West Life) today announced that they have signed a definitive agreement whereby Invis will offer Great-West Life's creditor life, disability and critical illness insurance products through its national mortgage consultant field sales force.

Under the agreement, the Invis-Great-West Life program will offer insurance products to Invis clients that complements the needs and flexibility required by a mortgage holder. The availability of these insurance products provides significant benefits to Invis' customers that are predominantly not available from traditional insurance.

"We believe that the product features built into the Invis program offer some meaningful benefits to the consumer" Mr. Ted Woodrow, Regional Director, Group Marketing stated. "Our company has been observing the rapid growth of the mortgage broker business with interest. Great-West Life is always looking at potential growth opportunities and we believe an alliance with Invis provides a unique growth and profit opportunity for our respective organizations."

"Our business is all about offering homeowners added value to a mortgage transaction. Through this strategic alliance between two leaders in their respective industries, our consultants and their clients are assured the highest quality products and services," said Andrew Moor, President of Invis. "The arrangement we have made with Great-West Life is a natural fit with our business and continues to expand on the great value proposition we provide to our customers."

About INVIS
Invis is the largest independent national residential mortgage origination firm. Since its inception, Invis has been the catalyst of change in the mortgage broker industry, integrating a quality mobile field sales force with the increasing demand for on-line mortgage services. Invis continues to lead the evolution of the mortgage industry by the creating value for its consultants, the Canadian consumer, and the mortgage lending community. Invis is growing in recognition, as the most trusted national brand for independent mortgage advice.

About Great West Life
The Great-West Life Assurance Company is a leading life and health insurer in Canada providing coverage to over 8 million Canadians. The Company ranks among the highest rated life insurance companies in North America.

For further information, please contact:
Andrew Moor, President and CEO, Invis
416-622-6363 ext. 150;
Luciano Rabbai, Vice President, Insurance Services, Invis
416-622-6363 ext. 102.

News source: Invis Inc.

 

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