IZALE Financial Group is well-prepared to respond to the rapidly-changing environment triggered by COVID-19.
- Protecting information security is critical. We have a robust Written Information Security Protocol or WISP plan in place. In addition to other practices, we use MFA for accessing systems and a VPN for working remotely. This applies to employees as well as independent representatives.
- We have asked all of our representatives to stop having face-to-face meetings. Going from one client or prospective client to another is not in accordance with current guidance from public health experts. We greatly enjoy the personal interactions we have with you and look forward to getting back to normal, but in the meantime we can serve clients via phone calls, emails, and even video calls.
- While we expect no disruption to monthly reporting for BOLI or quarterly reporting for Split-Dollar Loan plans, we rely solely on the carriers to provide us with policy values. We have been in contact with them and while they have plans in place to continue timely reporting, that could be disrupted by further outbreaks affecting their workforce or limits imposed by authorities. We will clearly communicate any change in our reporting commitment.
We understand that many of you had plans for buying or adding BOLI or executive benefits and those plans may be put on hold in the short-term. We understand there are other priorities on which your institution and communities need to focus. IZALE is well-positioned to weather this delay. We will continue to send our newsletter and add relevant information to our online blog. We will work to update and expand the content of our online library and encourage you to visit it to learn more about how we help our clients and your peers.
We are grateful for the opportunity to serve our clients, and wish you the best as you implement your own plans. We’ll get through these challenging times together!
R. Scott Richardson, JD, CLU, ChFC
President & CEO
IZALE Financial Group
2400 Big Timber Road, Suite 103A
Elgin IL 60124
Contact Scott by Phone Mobile or by Email