PHILADELPHIA -- July 29, 2002 - YouDecide, a web-enabled aggregator of insurance and financial products owned by ACE INA, announced today the availability of insurance and financing services for boat owners through its comprehensive platform of voluntary benefits available to employers. With the addition of these two new products, YouDecide and its partners are now able to offer very competitive rates for marine financing through Key Bank USA and marine insurance through INAMAR Recreational Marine Insurance.
"Our four million corporate employee members not only benefit from having access to superior products, but we now combine unmatched convenience through a simple application process for their marine insurance and financing needs," said Caroline Vanderlip, president, YouDecide. "Once a customer completes a request for a quotation through YouDecide, information is submitted instantly. In most cases, quotations will be returned online or directly from a YouDecide consumer advisor. Our platform also provides valuable consultative tools and content that help members make confident purchasing decisions. These features combined make YouDecide the most comprehensive, integrated platform for financing and insurance decisions."
YouDecide has partnered with KeyBank USA, which has over 50 years experience in recreational marine lending, offering financing in 48 states (excluding Alabama and Hawaii). Products include traditional marine loans with terms up to 20 years; a lifestyle series of marine loans, including annual payment options for individuals with large seasonal bonus payouts, and skip-pay seasonal payment options, where customers can skip a payment for up to three consecutive months every year; a bi-weekly payment option with convenient automatic account deduction; variable rate loans; and custom financing for yachts and megayachts.
For marine insurance, YouDecide has partnered with INAMAR Recreational Marine Insurance, the exclusive source for the marine insurance products and services of ACE INA. INAMAR Recreational Marine Insurance offers insurance products and services in all 50 states and the District of Columbia. Coverage is available for small boats (26 feet or less); performance boats (faster than 50 mph); yachts (over 26 feet in length / pleasure or charter); and large luxury vessels. Insurance policies are underwritten by subsidiary insurance companies of ACE INA, rated A (Excellent) by A.M. Best and A+ (Strong) by Standard & Poor's.
In addition to recreational marine insurance, YouDecide offers a comprehensive platform of personal insurance products and financial services to meet the needs of employers and employees. For the employer, YouDecide's voluntary benefits platform augments core benefits, providing a cost-effective means of strengthening an employer's relationship with its workforce. YouDecide's diverse selection of competitive financial products enables employees to compare rates, utilize educational and analytical tools, and make purchases at favorable prices through the Internet, via telephone or worksite enrollment.
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YouDecide is a subsidiary of ACE INA Holdings, Inc. ACE INA Holdings, Inc. is headquartered in Philadelphia and is part of the ACE Group of Companies (NYSE: ACE). The ACE Group of Companies provides insurance and reinsurance on a global basis for a diverse group of clients through operating subsidiaries in nearly 50 countries. Additional information can be found at www.YouDecide.com and www.ace-ina.com.