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Gleaner Life Insurance Society in Production with StoneRiver's Life Portraits(R) for Straight-through-Processing

DENVER, Aug. 10, 2015 (GLOBE NEWSWIRE) -- StoneRiver, Inc. is proud to announce that Gleaner Life Insurance Society is in production with StoneRiver's Life Portraits® Illustrations system. From kick off to production, the implementation time was seven months.

Using Life Portraits, Gleaner Life has advanced the capabilities and efficiency of their agents and more readily supports their unique marketing approach for their portfolio of term products. This product launch enables Gleaner Life agents to perform illustrations either via the web or in a disconnected mode.

Life Portraits depicts the Gleaner Life Succession Term product, providing illustration coverage for multiple business partners with one premium payment. Additionally, Life Portraits manages the Gleaner Life Duration Term product, providing illustrations with up to four concurrent term certificates of varying length and decreasing premiums.

Upon selection, Gleaner's top priority was to migrate their new Term Portfolio onto Life Portraits web software solution, which is now complete. They also moved existing Gleaner Annuity products into the StoneRiver environment. Gleaner will continue to transition their newly developed Whole Life to StoneRiver's Life Portraits for new business processing, as well as implement and integrate LifeApply® e-applications to Life Portraits.

"The implementation of Life Portraits Illustrations will dramatically help our field force by lessening administrative work associated with the previous manual processes. This in turn will drive agent satisfaction and increase sales. It's a win for Gleaner, a win for our agents and a win for our prospective insureds," said Arell Chapman, Gleaner Life Vice President of IT.

"We're thrilled to have Gleaner in production with Life Portraits, and we look forward to the ongoing relationship as they add more products to Life Portraits and implement LifeApply," said Jim Woodward, StoneRiver's Senior Vice President of Life Carrier Solutions. "Our focus is to position Gleaner for growth and success in the ever changing insurance industry."

About Gleaner Life Insurance Society

Gleaner Life Insurance Society is a not-for-profit faith-based organization that assists its members in achieving their financial goals through a broad range of life insurance and annuity solutions. Members are entitled to a variety of member benefits including scholarship opportunities and discounted family friendly events. As a fraternal organization, Gleaner provides volunteer opportunities through its local service clubs (arbors) and supports outreach programs that make a difference in the lives of its members and the communities where they live and serve.

About StoneRiver, Inc.

StoneRiver delivers the industry's widest range of value-oriented technology solutions and services to insurance carriers, agents and broker-dealers. This versatile product group encompasses front-office, policy, claim, rating, underwriting, billing, reinsurance, financial and compliance solutions for all major business lines. Hundreds of companies of all sizes rely on StoneRiver software and processing solutions to achieve a competitive edge. Customer satisfaction and client success is the continuing goal, and is in large part achieved by maintaining and valuing strong, long-term customer relationships.

CONTACT: Emily Mertz Director of Marketing StoneRiver, Inc. 303-729-7500

Source:StoneRiver, Inc.