SSIG, Fipsco join forces for online insurance offering

SAN ANTONIO, Texas – Security Service Investment Group (SSIG), a wholly-owned subsidiary of Security Service Federal Credit Union, has partnered with Fipsco, a unit of Fiserv, Inc., to offer members online life insurance. According to Fipsco President Gary Kasik, the new system will simplify the process of buying life insurance since comparative quotes are available from multiple insurance providers online, any time, and the application process is automated for faster turnaround. In addition to providing the technology, Fipsco will operate a call and fulfillment center for processing insurance applications. “Partnering with Fipsco provides us with a great opportunity to offer excellent insurance solutions for our members,” said Keith Sultemeier, Security Service FCU senior vice president/chief financial officer. “They will be able to access our insurance services both online and offline – helping us to enhance our relationship with them.” Fipsco is the second Fiserv business unit to be tapped for services by SSIG. Fiserv Investor Services, a registered broker-dealer, has been providing securities trading and related administrative services to SSIG since early 2001. SSFCU has more than $2.5 billion in assets and serves over 460,000 members.