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Press Releases by Date  |   Press Releases by Company Name

View More Press Releases by American Financial Systems, Inc.

Press release:


Issued by: American Financial Systems, Inc.

Date: Apr. 2, 2002

WESTON, MA (April 2, 2002) -- American Financial Systems, Inc. (AFS) , has released what it believes to be the first Internet based system designed specifically for the multi-life Corporate Owned Life Insurance (COLI) marketplace.

AFS-LINK™ will complete life insurance carriers’ suite of Internet offerings. Producers will now be able to do everything from pre-sale illustrations, including sales and marketing presentations, through submitting applications to underwriting departments, to post-sale administration, all on-line. Advantages of using AFS-LINK™ online include increased power and speed, access to presentation and illustration materials from almost anywhere, immediate and automatic system updates, and state of the art data security.

“This is a natural step for us”, says chief technology officer Alok Mehta, a twelve year veteran of the firm. “We’ve been providing cutting-edge technology to our industry for nearly twenty years. The web is clearly the right platform for our current technology.” Mehta is backed up by president Nancy MacDonald, “The opportunities for brokers and life insurance companies to use technology to increase sales and improve service have never been greater.”

Founded in 1984 by supplemental benefits professionals, AFS provides software and Internet tools for the design, illustration, and administration of supplemental (non-qualified) benefit plans to the clear majority of large COLI offices, and is the technological platform responsible for the majority of large COLI sales and case administration. AFS is best known throughout the COLI industry for the AFS Master System®, a client-specific system now distributed to most clients through the web. AFS products and services can be viewed at

For more information:

View More Press Releases by American Financial Systems, Inc.

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