Rancho Mirage, CA, Aug. 19, 2014 (GLOBE NEWSWIRE) -- Today, the world's leading surrogacy and in vitro fertilization (IVF) insurance solution provider, New Life Agency, Inc., announced that it has partnered with LightStream to provide financing options for all assisted reproduction insurance needs, including surrogacy and fertility medications through Walgreens Pharmacies.
"We have searched years for a financing option to help intended parents and patients seeking financial assistance. We are happy to have finally found a way to alleviate the upfront, out-of-pocket costs of the most important piece to their journey, securing peace of mind insurance for the liability of their future family," says Trish Taylor, New Life Chairman. "We are delighted to partner with LightStream, making it even easier for our clients to make their dreams of having children come true."
LightStream is a national online consumer lending division of SunTrust Bank, one of the nation's premier financial services companies. Their aim is to streamline the process of obtaining a loan, allowing intended parents to focus on building their family, rather than worrying about how to pay for the costs.
"This venture will further New Life Agency's mission to ensure the best fertility and maternity medical care in the world, by assisting clients in a completely different way and facilitating more future families," says Taylor.
Patients and intended parents with good to excellent credit can apply for a New Life Fertility Financing loan through LightStream. It is a streamlined, virtually paperless loan process that can provide funds for all assisted reproduction insurance needs, including surrogacy and fertility medications through Walgreens Pharmacies. LightStream loans may be obtained from $5,000 to $100,000 at fixed rates as low as 5.99% APR.* The loan is also unsecured, with no liens or collateral requirements. Upon submission, applicants receive a quick response during business hours. Once approved, funds can be deposited directly into the client's bank account as soon as the same day with no fees, down payment or prepayment penalties.
About New Life Agency, Inc.
New Life Agency has provided Assisted Reproduction Insurance® for maternity, in vitro fertilization complications, intended parents, surrogates, egg donors and professional liability exclusively to the assisted reproduction medical industry since 1998. New Life has helped parents welcome over 3,000 babies into their families, and paid more than $35 million in benefits. New Life Agency is a fully licensed Surplus Lines Company in most every State across the Nation as a Lloyd's of London Coverholder and underwriter offering insurance products secured and "A" rated superior security by A.M. Best, financial size XV (excess of two billion dollars). New Life Agency has a Member Services division that is a licensed full-service health claims Administrator/TPA providing benefit administration services for employer groups, customer care and claims handling services exclusively to New Life Agency, Inc. This division is dedicated to service providing world-class customer care in claims management and administration. New Life is located at 41-750 Rancho Las Palmas Drive, Suite F-1 in Rancho Mirage, CA. For more information: 877-952-5433 (LIFE) or www.NewLifeAgency.com and Life Insurance at www.NewLifeInsurance.com and the Fertility Pharmacy Care Card at IVFinsurance.com and the Affordable Care Act Exchange at NewLifeAgencyExchange.com and NewLifeFertilityFinance.com for fertility financing.
About LightStream, a Division of SunTrust Bank
LightStream is a national online lending division of SunTrust Bank, providing good- to excellent credit customers with competitive rates and an outstanding customer experience. LightStream's proprietary technology offers consumers a virtually paperless loan application, underwriting, funding and servicing experience. In 2012, SunTrust Bank acquired the assets of online consumer lending company FirstAgain LLC and re-launched the business as LightStream. For more information visit Lightstream.com.
SunTrust Banks, Inc. (NYSE: STI), headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of March 31, 2014, SunTrust had total assets of $179.5 billion and total deposits of $132.9 billion. Through its flagship subsidiary, SunTrust Bank, the Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through its various subsidiaries, the company provides mortgage banking, asset management, securities brokerage, and capital market services. SunTrust's Internet address is www.suntrust.com
* Rate is accurate as of 7/11/2014. The APR listed is for an unsecured loan between $10,000 and $24,999 with a term between 24 and 36 months, for the purpose of Medical/Fertility/Adoption financing. APR may differ based on loan purpose, amount, term and credit profile. Rate is quoted with AutoPay repayment option. Rates under the invoicing option are 0.50% higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. Payment example: Monthly payments for a $10,000 loan at 5.99% APR with a term of 3 years would result in 36 monthly payments of $304.17.
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Source:New Life Agency