Message from the

President




 


Message from the President




"

We’ve made a promise to our policyowners that we’ll be there for them when they need us the most. And so our financial stability is absolutely essential to delivering on that promise.

Katie M. Jenkins, President & Chairperson
"
 

When I am asked to describe Illinois Mutual as a company, I always start with the people. I believe that it is in the daily interactions between our employees, our agents, and our policyowners that the true meaning of what we offer comes to life. As an insurance company, we offer promises: A promise that we will be there for our policyowners when they need us; a promise that we will provide our agents the support and products to meet their client’s needs; and a promise that we will continue to grow and expand our capabilities to ensure our strength and stability for the future.

As a mutual company, our attention is on our promises to policyowners, rather than investors or shareholders, which is an essential reason why we have been in business for over 100 years. And it is because of that unwavering focus that you can rely on us to be there for the next 100 years.

When it comes to business growth, we take a long term strategic view, and we are seeing the benefits of this style of decision making. In 2015 we grew our business across all of our product lines. Company surplus and our overall Company assets also grew. We also invested more in our company through employee education, technology advancements, underwriting improvements and new product development. I believe that by bringing these important components together we are creating opportunity for a very bright future in the years ahead.

As we move into 2016, I can’t help but think the best is yet to come!



Katie M. Jenkins
President & Chairperson

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A Little Bit About

Illinois Mutual



A History of Strength and Support

 

Headquartered
in Peoria, IL

th Generation
  Family-Operated

Years of Serving
Middle America

Products Available
in 47 States

 
 

Illinois Mutual Life Insurance Company, headquartered in Peoria, Illinois, is a fifth-generation family-operated mutual insurance company. For more than 100 years, we have remained committed to helping hard-working Americans safeguard their financial future with quality life insurance, disability income insurance and workplace insurance solutions. We conduct business in 47 states through an extensive network of independent agents and strive to deliver the best personal service and support to our policyowners and distribution partners.

Read More

 

  • Mutual Metrics
  • Illinois Mutual Agents
  • Community Involvement
  • 2015 Highlights
Mutual Metrics

Our Mission Statement By-The-Numbers

Mission Statement:
Illinois Mutual helps people achieve and safeguard their financial security by creating competitive, innovative solutions.

  • Our strong partnerships with distributors, who rely on us to be accessible and responsive, are the Company's foundation.
  • Our knowledgeable, hardworking employees passionately deliver the best personal service experience and seek new ways to serve customers.
  • Our corporate culture, rich in a tradition of leadership, respect, integrity, teamwork and accountability, is genuine and alive in our Company.
  • Our commitment to the community is driven by our desire to support organizations that make a difference in the lives of those around us.

As a result, we create value and sustainable financial strength for our policyowners while always honoring our commitments.

Download the Mutual Metrics PDF

Our Agents

At Illinois Mutual, we are focused on providing the best possible service and training to our agents. We believe this attention to detail will translate into a positive experience for their clients. It will also give our agents confidence that we will treat their clients with the same respect, courtesy and compassion that they have experienced in their relationship with us.

 

Community Involvement

Illinois Mutual has a long history of being active in our community. As a company founded on strong family values, we believe in giving back and are especially proud to have a team of employees willing to donate their time, resources, and skills towards bettering the community around us.

 


2015 United Way Best in Class Award


2015 United Way Best in Class Award


Bell Ringing for Salvation Army


Bell Ringing for Salvation Army


Susan G. Komen Race for the Cure


Susan G. Komen Race for the Cure


Day of Caring at the Child Care Center


Day of Caring at the Child Care Center

2015 Highlights

Return of Premium Term Product Launch

Path Protector® Return of Premium Term offers the best of both worlds – life protection if you need it, money back if you don’t.

It is your choice how you use your Return of Premium Endowment Benefit! Some people choose to put these funds towards retirement or towards paying off a mortgage. Others use it to help with debt reduction or to help pay off business loans. Read More

Return of Premium Term Product Launch

Path Protector® Return of Premium Term offers the best of both worlds – life protection if you need it, money back if you don’t.

It is your choice how you use your Return of Premium Endowment Benefit! Some people choose to put these funds towards retirement or towards paying off a mortgage. Others use it to help with debt reduction or to help pay off business loans.

Return of Premium Term is available for face amounts of $25,000 to $250,000. If the policy is in force when the initial term period ends and its terms have been met, 100% of your Returnable Premium will be paid back to you as a Return of Premium Endowment Benefit!

The maximum Returnable Premium amount is the sum of the annual premiums you’ve paid from the time you first purchased your policy through the last day of the initial term period. Additional premiums paid for riders, supplemental benefits, and rated policies are not included in Returnable Premium calculations. The amount payable as the Return of Premium Endowment Benefit will be reduced by any outstanding loans, any paid Accelerated Benefit, and any accrued interest.

 

Policy Form LRPT15, Term Endowment Life Insurance
Not available in AK, CA, DC, HI, MT or NY. Coverage and availability may vary in other states.
For policy costs and details of coverage, limitations, exclusions and terms, contact Illinois Mutual.

Single Premium Whole Life Now Simplified Issue

FAST: Fewer medical questions to answer!
SIMPLE: No exams required at time of application, unless information developed during the underwriting process prompts additional underwriting requirements.
SEAMLESS®: Fewer ratings and faster decisions!

Same Great Product – Simplified Issue Underwriting Read More

Single Premium Whole Life Now Simplified Issue

FAST: Fewer medical questions to answer!
SIMPLE: No exams required at time of application, unless information developed during the underwriting process prompts additional underwriting requirements.
SEAMLESS®: Fewer ratings and faster decisions!

Same Great Product – Simplified Issue Underwriting

    Benefits of Single Premium Whole Life:
  • Guaranteed lifetime insurance coverage with a single payment
  • Immediate increase in estate upon policy issue
  • Tax-deferred cash accumulation under current tax laws* and federal income tax-free death benefit**
  • Guaranteed cash value accumulation

Please Note: Purchase of this policy may affect one's ability to qualify for governmental benefits, e.g., Supplemental Security Income or Medicaid.
Single premium life insurance most likely will be a MEC.
Your clients should consult an accountant or attorney in each situation.


*Withdrawals of cash value are taxed to the extent of gains. Also, penalties may apply if under 59-1/2 or not disabled. **Life insurance benefits are generally includible in one’s estate and, as such, may be subject to estate taxes. Policy Form 617, Whole Life Insurance To Age 121 Policy Not available in AK, DC, HI, MT or NY. Coverage and availability may vary in other states. For policy costs and details of coverage, limitations, exclusions and terms, contact Illinois Mutual.

Life Underwriting Updates

FAST: Fewer steps, faster decisions
SIMPLE: No exams required at time of application*
SEAMLESS®: No paper forms, electronic signature

At Illinois Mutual, we understand that your time is valuable. That’s why we made life underwriting enhancements that can help you get covered faster! Read More

Life Underwriting Updates

Fast: Fewer steps, faster decisions
Simple: No exams required at time of application*
Seamless: No paper forms, electronic signature

At Illinois Mutual, we understand that your time is valuable. That’s why we made life underwriting enhancements that can help you get covered faster!

With our Fast, Simple, Seamless® sales process, you can now obtain up to $250,000 of whole life, term or universal life insurance coverage by simply providing an application with basic personal information. If your personal, health and prescription histories are acceptable, that’s all you need to do!


*Additional underwriting requirements apply: (i) to applicants aged 66 or older; (ii) to applicants with total coverage in force and applied for exceeding $250,000; or (iii) if indicated by MIB, Rx data check, or other information developed during underwriting. Contact Illinois Mutual for further details.

Policy Form 614, Renewable Term To Age 95
Policy Form 617, Whole Life Insurance To Age 121 Policy
Policy Form 618, Flexible Premium Life Insurance Policy
Not available in AK, DC, HI, MT or NY. Coverage and availability may vary in other states.
For policy costs and details of coverage, limitations, exclusions and terms, contact Illinois Mutual.

DI Underwriting Improvements

Illinois Mutual is excited to announce new disability income insurance (DI) underwriting enhancements for our Paycheck Power® Series! We are continually looking for ways to improve our product offerings, and these updates do just that. Read More

Read More

DI Underwriting Improvements

Illinois Mutual is excited to announce new disability income insurance (DI) underwriting enhancements for our Paycheck Power® Series! We are continually looking for ways to improve our product offerings, and these updates do just that.

Whether you’re a part-time employee, business owner, skilled trade worker or paraprofessional, we are here to help you get the important DI coverage you need. Our new enhancements help us offer options to even more hardworking people in many different occupations.

  • NEW
    • W-2 Employee Occupation Class Upgrade
    • Non-Medical Guidelines
    • Financial Documentation Guidelines
    • Occupations added, improved classifications and extended benefit periods
  • ENHANCED
    • Business Owner Occupation Class Upgrade Guidelines
    • Part-Time Occupation Eligibility and Benefit Updates

Policy Form DI105, Disability Income Policy
Policy Form BE105, Business Expense Policy
Not available in AK, CA, DC, HI or NY. Coverage and availability may vary in other states.
For policy costs and details of coverage, limitations, exclusions and terms, contact Illinois Mutual.

 

Mutual Metrics

Our Mission Statement By-The-Numbers

Download the Mutual Metrics PDF


Mission Statement:
Illinois Mutual helps people achieve and safeguard their financial security by creating competitive, innovative solutions.

  • Our strong partnerships with distributors, who rely on us to be accessible and responsive, are the Company's foundation.
  • Our knowledgeable, hardworking employees passionately deliver the best personal service experience and seek new ways to serve customers.
  • Our corporate culture, rich in a tradition of leadership, respect, integrity, teamwork and accountability, is genuine and alive in our Company.
  • Our commitment to the community is driven by our desire to support organizations that make a difference in the lives of those around us.

As a result, we create value and sustainable financial strength for our policyowners while always honoring our commitments.

Our Agents

At Illinois Mutual, we are focused on providing the best possible service and training to our agents. We believe this attention to detail will translate into a positive experience for their clients. It will also give our agents confidence that we will treat their clients with the same respect, courtesy and compassion that they have experienced in their relationship with us.

Community Involvement

Illinois Mutual has a long history of being active in our community. As a company founded on strong family values, we believe in giving back and are especially proud to have a team of employees willing to donate their time, resources, and skills towards bettering the community around us.

 

 

 

 

Opportunities to

Provide




 

Linda is a dedicated foster mom who has taken the extra step to adopt five children. In addition to providing a home for her kids, Linda has a long-term plan for her family. She wants to make sure her children are protected financially should anything happen to her. That is why she purchased Life Insurance from Illinois Mutual. With her agent, Rose, she has put a plan in place to cover each of her children. Even when she is no longer with them, Linda’s children will continue to benefit from her love and generosity.

Learn about how a parent can provide for his or her family in our video: Linda’s plan to provide for her children.

Read More

 

Life Insurance


 

Life insurance can be the foundation of a strong financial plan, and can help you accomplish many planning objectives. Consider your long-range financial goals. Without your contribution to the household, would your family have enough money to meet the goals you’ve set for your family’s future? The truth is, it’s a struggle when you lose someone you love, but emotional struggles don’t need to be compounded by financial difficulties.

Illinois Mutual’s life insurance products make it easy to put a plan in place to help safeguard your financial future should the unexpected happen.

Read More
  •  
  • Path Protector®
    Whole Life
  • Path Protector®
    Term Life
  • Path Protector®
    Return of Premium Term Life
  • Path Protector®
    Final Expense
  • ValueLife ProtectorSM
    Universal Life
 
Path Protector® Whole Life

Whole life insurance can be a valuable asset within a financial portfolio that builds value over time to protect financial goals in the event of your premature death. Path Protector® Whole Life offers lifetime life insurance coverage. Premiums, death benefit and cash values are guaranteed for the life of the policy as long as premiums are paid in a timely manner.


Policy Form 617, Whole Life Insurance To Age 121 Policy

Not available in AK, DC, HI, MT or NY. Coverage and availability may vary in other states.

For policy costs and details of coverage, limitations, exclusions and terms, contact Illinois Mutual.
Path Protector® Term Life

Path Protector® Term Life is a guaranteed premium term life insurance policy, renewable to age 95. Term insurance is generally the lowest premium life insurance available, which gives you the opportunity to maximize your coverage at a more affordable cost. Most importantly, as long as premiums are paid, you have the option to convert to a permanent life insurance plan through the earlier of the 20th policy year or age 70 without evidence of insurability.


Policy Form 614, Renewable Term To Age 95

Not available in AK, DC, HI, MT or NY. Coverage and availability may vary in other states.

For policy costs and details of coverage, limitations, exclusions and terms, contact Illinois Mutual.
Path Protector® Return of Premium Term

Path Protector® Return of Premium Term is a guaranteed premium term life insurance policy that offers the best of both worlds: life protection if you need it, money back if you don’t. It also offers a conversion option to a permanent policy without evidence of insurability through the initial term period, through the 20th policy year, or to age 70, whichever is earlier.


Policy Form LRPT15, Term Endowment Life Insurance

Not available in AK, CA, DC, HI, MT or NY. Coverage and availability may vary in other states.

For policy costs and details of coverage, limitations, exclusions and terms, contact Illinois Mutual.
Path Protector® Final Expense

Path Protector® Final Expense offers two whole life policy options: Level Death Benefit and Modified Death Benefit. Both offer guaranteed premiums and a guaranteed death benefit. The income tax-free benefit* can help your loved ones with such things as funeral costs, probate expenses, outstanding debt and medical bills.

*Life insurance benefits are generally includible in one’s estate and, as such, may be subject to estate taxes. A tax or financial planning advisor should be consulted regarding taxation (personal and estate) of benefits.


Policy Form 615, Modified Death Benefit Whole Life Insurance
Policy Form 616, Level Death Benefit Whole Life Insurance

Not available in AK, DC, HI, MT or NY. Coverage and availability may vary in other states.

For costs and details of coverage, limitations, exclusions and terms, contact your Illinois Mutual agent or Illinois Mutual.
ValueLife Protectorsm Universal Life

Illinois Mutual’s ValueLife Protectorsm (VLP) is a flexible premium universal life insurance policy offering insurance protection and tax-deferred cash value buildup1. This product gives you the ability to adapt coverage and payments to meet your changing needs without compromising continued life insurance coverage you can count on.


1Illinois Mutual does not guarantee statements about taxation since federal and state tax laws are subject to change.

Policy Form 618, Flexible Premium Life Insurance Policy

Not available in AK, CA, DC, HI, MT, or NY. Coverage and availability may vary in other states.

For costs and details of coverage, limitations, exclusions and terms, contact Illinois Mutual.

Opportunities to

Protect




 

Dairy farming is both a passion and a team effort for the Hughes family. Alan, his wife Stephanie, and their two boys, Bryce and Gavin all help to make sure the business is a success. Family farming allows them to work together towards a common goal but it also means that the success of the farm is based on individual contributions. That is why Alan bought Disability Income Insurance from Illinois Mutual. He wanted protection in case the unexpected were to happen. He understood the importance of protecting his income, his business and his way of life.

See the full story in our video: Why Dairy Farmer, Alan Hughes, decided to buy DI from Illinois Mutual.

Read More

 

Disability Income Insurance


 

Your income allows you to maintain your standard of living, pay bills, save for the future and enjoy life’s simple pleasures. In short, it provides the foundation for life as you know it. But what if you couldn’t work to earn your income?

Your income is one of your most valuable assets – help protect it with DI from Illinois Mutual.

Read More
  •  
  • Personal Paycheck
    Power®
  • Business Expense
    Power®
 
Personal Paycheck Power®

This individual DI policy provides a benefit to help pay basic monthly living expenses such as mortgage, utilities, and groceries should you become sick or hurt and Totally Disabled1.


1Total Disability for any one period of disability starting while this policy is in force means:
(a) During the first 24 months, your inability to perform the substantial and material duties of your occupation and you are not engaged in any other occupation for wage or profit.
(b) After 24 months, your inability to perform the substantial and material duties of any occupation for wage or profit in which you might expect to be engaged, with due regard to your education, training, experience and you are not engaged in any occupation for wage or profit. The definition of Total Disability differs in LA and UT.

Policy Form DI105, Disability Income Policy

Not available in AK, CA, DC, HI or NY. Coverage and availability may vary in other states.

For costs and details of coverage, limitations, exclusions and terms, contact Illinois Mutual.
Business Expense Power®

This business expense DI policy reimburses you monthly for eligible fixed business expenses should you become sick or hurt and Totally Disabled1. Eligible business expenses include lease or rent payments, utilities, office maintenance, employee salaries (except those of the insured, someone who replaces the insured, and any family member working less than 3 months), and more.


1Total Disability for any one period of disability starting while this policy is in force means your inability to perform the substantial and material duties of your occupation and you are not engaged in any other occupation for wage or profit. The definition of Total Disability differs in LA and UT.

Policy Form BE105, Business Expense Policy

Not available in AK, CA, DC, HI or NY. Coverage and availability may vary in other states.

For costs and details of coverage, limitations, exclusions and terms, contact Illinois Mutual.

Opportunities for

Financial Stability




 

Working in a small company, such as Thrift Trucking, has many advantages. Owners work side-by-side with their employees building connections and a team that is there for each other. Every team member is necessary and important. The right mix of insurance and benefits can help keep the team strong by providing financial stability should the unexpected happen to one of the employees. That is why Thrift Trucking turned to agent Scott Remole to offer their team voluntary benefit options such as Accident and Disability Insurance.

Hear Thrift Trucking’s story in our video: Financial Stability for small business employees.

Read More

 

Worksite Insurance


 

Competitive benefits can help you attract and retain valuable employees while simultaneously reducing turnover and improving your bottom line. The cost of providing employee benefits continues to escalate and it can be challenging to provide all the coverage options your employees need.

Voluntary benefits from Illinois Mutual offer solutions to meet your employees' supplemental insurance coverage needs.

Our comprehensive workplace portfolio includes term, short term disability, critical illness and accident insurance. And, our web-based enrollment system makes it simple for your employees to apply for coverage – no matter their work schedules.

Read More
  •  
  • Worksite Accident
    Insurance
  • Worksite Critical
    Illness Insurance
  • Worksite Short Term
    Disability Insurance
  • Worksite Term
    Insurance
  • Voluntary Short Term
    Disability Insurance
 
Worksite Accident Insurance

Accidents are often partnered with expensive medical bills resulting in out-of-pocket costs. Accident insurance can help cover these expenses. Illinois Mutual Accident coverage is not intended to replace major medical, medical expense or Medicare Supplement coverage. The Accident policy does not meet the Minimum Essential Coverage Requirements of the Affordable Care Act.


Policy Form WSA07, Voluntary Accident Policy

Not available in AK, DC, HI or NY. Coverage and availability may vary in other states.

For costs and details of coverage, limitations, exclusions and terms, contact your Illinois Mutual agent or Illinois Mutual.
Worksite Critical Illness Insurance

Critical illnesses can result in unexpected financial strain. Critical illness insurance benefits can relieve this strain with a lump sum payment. Worksite Critical Illness is a limited benefit policy. It is not intended to replace major medical, medical expense or Medicare Supplement coverage. The Critical Illness policy does not meet the Minimum Essential Coverage Requirements of the Affordable Care Act.


Policy Form WC14, Voluntary Critical Illness Policy

Not available in AK, CA, DC, HI or NY. Coverage and availability may vary in other states.

For costs and details of coverage, limitations, exclusions and terms, contact your Illinois Mutual agent or Illinois Mutual.
Worksite Short Term Disability Insurance

Short Term Disability Insurance can help employees be prepared for the unexpected. The benefits are designed to replace a portion of income in the event that the insured suffers an unexpected injury or sickness that causes Total Disability*. Many choose to use these funds to help pay for daily expenses such as housing costs, car payments, and utilities.


*Total Disability for any one period of disability starting while this policy is in force means:
(a) During the first 24 months, your inability to perform the substantial and material duties of your occupation and you are not engaged in any other occupation for wage or profit.
(b) After 24 months, your inability to perform the substantial and material duties of any occupation for wage or profit in which you might expect to be engaged, with due regard to your education, training, experience and you are not engaged in any occupation for wage or profit. The definition of Total Disability differs in LA and UT.

Policy Form WSD07, Voluntary Short Term Disability Income Policy

Not available in AK, CA, DC, HI or NY. Coverage and availability may vary in other states.

For costs and details of coverage, limitations, exclusions and terms, contact your Illinois Mutual agent or Illinois Mutual.
Worksite Term Insurance

Worksite Term Insurance can help employees prepare for the unexpected by providing a death benefit that can help their beneficiaries pay for things like final expenses, mortgage payments, or outstanding debts.


Policy Form WL13, Renewable Term Life Insurance to Age 95

Not available in AK, DC, HI or NY. Coverage and availability may vary in other states.

For costs and details of coverage, limitations, exclusions and terms, contact your Illinois Mutual agent or Illinois Mutual.
Voluntary Short Term Disability Insurance

Voluntary Short Term Disability (VSTD11) is a group insurance product designed to help employees maintain financial stability in the event that they find themselves unable to work due to a sickness or injury that leaves them Totally Disabled*.


*Total Disability for any one period of disability starting while this policy is in force means:
(a) During the first 24 months, your inability to perform the substantial and material duties of your occupation and you are not engaged in any other occupation for wage or profit.
(b) After 24 months, your inability to perform the substantial and material duties of any occupation for wage or profit in which you might expect to be engaged, with due regard to your education, training, experience and you are not engaged in any occupation for wage or profit. The definition of Total Disability differs in LA and UT.

Policy Form VSTD11, Group Non-occupational Short Term Disability Income Insurance

Not available in AK, CA, DC, HI or NY. Coverage and availability may vary in other states.

For costs and details of coverage, limitations, exclusions and terms, contact your Illinois Mutual agent or Illinois Mutual.

2015

Financial Report



 

 

Assets 2015 2014
Cash and Short-Term Investments $9,311,361 $18,643,186
Bonds 1,165,569,998 1,128,053,285
Preferred Stocks 11,668,339 11,668,339
Common Stocks 41,309,957 43,515,319
Mortgage Loans 11,102,824 10,932,432
Real Estate 2,697,678 2,747,186
Other Invested Assets 11,259,575 13,031,800
Policy Loans 17,499,256 17,747,100
Total Cash and Invested Assets $1,270,418,988 $1,246,338,647
Other Assets 63,413,892 62,905,230
Separate Accounts 55,102,050 58,504,301
Total Assets $1,388,934,930 $1,367,748,178

 

Liabilities and Surplus 2015 2014
Life Reserves $691,328,394 $688,570,474
Health Reserves 352,817,965 345,845,972
Other Policy Reserves 16,137,187 15,202,732
Investment Reserves 41,464,445 41,565,665
Other Liabilities 20,429,613 21,753,562
Separate Accounts 55,102,050 58,504,301
Total Liabilities $1,177,279,654 $1,171,442,706
Surplus 211,655,276 196,305,472
Total Liabilities and Surplus $1,388,934,930 $1,367,748,178

Download a PDF of the 2015 Financial Report

 

Strength, Stability,

Support & Values



 

We have built our success by staying focused on what matters: earning our policyowners’ trust; building long-term, mutually beneficial relationships with our agents and employees; and giving back to the community we call home. At the same time, we remain flexible and continue looking ahead to ensure our products and services meet the changing needs of a new generation of policyowners. From one generation to the next, Illinois Mutual is here to help you protect what matters most – your family, your income, your business, your future.

Read More

Strength

Our strong capital position is backed by $1.38 billion in assets, a surplus of $201.8 million, and a surplus to asset ratio of 14.6%.*


*As of 6/30/15

Stability

We have been in business for over 100 years.

Values

We are a family-operated business for five generations.

Support

We are a mutual insurance company that focuses on the interests of our policyowners. We conduct business with a long-term strategic view.

Board of

Directors

 
 

Katie M. Jenkins
Robert D. Bollegar
Judith K. McCord

Thomas P. Jenkins
Melissa Metternich

 
 

 

Officers

Katie M. Jenkins,
President and Chairperson
  Erin K. Callahan,
Vice President
  Christopher A. Connor,
Vice President
  Louis S. Kanowsky,
Vice President, Finance, Treasurer & Controller
  Elizabeth A. Martin,
Vice President
  Maureen T. Mulville,
Secretary & Vice President, Compliance & General Counsel.  

Craig A. Parr,
Vice President
  Susan M. Reitz,
Vice President and Chief Actuary
  Jeffrey L. Wann,
Vice President
  Kevin R. Christensen,
Assistant Vice President
  Mary L. Gensel,
Assistant Vice President
  Ellen J. Gorman,
Assistant Vice President  

John A. LaFollette,
Assistant Vice President
  Kevin T. Larkin,
Assistant Vice President
  Lynn M. Rathbun,
Assistant Vice President
  Jennifer E. Schulze,
Assistant Vice President
  Donna M. Willett,
Assistant Vice President