SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) June 10, 2002
UNITED TRUST GROUP, INC.
____________________________________________________
(Exact Name of Registrant as specified in its charter)
ILLINOIS 0-16867 37-1172848
________________________ ____________ ___________________
(State or other Juris- (Commission (I.R.S. Employer
diction of incorporation File Number) identification No.)
5250 SOUTH SIXTH STREET
P.O. BOX 5147
SPRINGFIELD, IL 62705
___________________________________________________________
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code (217)-241-6300
Not Applicable
___________________________________________________________
(Former name or former address, if changed since last report)
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits
99.1 Press Release dated June 10, 2002.
ITEM 9. REGULATION FD DISCLOSURE
United Trust Group, Inc. issued a press release on June 10, 2002 announcing the
formation of an alliance with Fiserv LIS to provide business process outsourcing
("BPO"). For information regarding this transaction, reference is made to the
press release dated June 10, 2002, which is attached hereto as Exhibit 99.1 and
incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
UNITED TRUST GROUP, INC.
(Registrant)
By: /s/ Randall L. Attkisson
Randall L. Attkisson
President , Chief Operating
Officer and Director
By: /s/ Theodore C. Miller
Theodore C. Miller
Senior Vice President and
Chief Financial Officer
Date: June 10, 2002
EXHIBIT INDEX
No. Exhibit
99.1 June 10, 2002 Press Release.
Exhibit 99.1
Press Release of United Trust Group, Inc.
United Trust Group Teams with Fiserv
to Provide TPA Services
Springfield, Illinois, June 10, 2002 -- United Trust Group, Inc. (UTG),
Springfield, Illinois and Fiserv Life Insurance Solutions (a unit of Fiserv,
Inc.), Cedar Rapids, Iowa announced today the formation of an alliance between
their respective organizations. The Alliance will provide a stable, dependable
and predictable alternative to those life insurance companies seeking a Business
Process Outsourcing solution for new product introductions and administering
their business volumes more economically while enhancing customer service.
"We were seeking an experienced business partner that could offer the dependable
and predictable service our clients demand," said Mike Key, COO of Fiserv LIS.
"We are very pleased to be aligned with an organization that shares the same
business philosophies and commitment to the customer. Their proven processes and
outstanding reputation truly exemplifies their motto `We Care'."
The Alliance matches two highly successful companies' "best of practice"
offerings. UTG has established a reputation for delivering the highest quality
customer service to its insureds and those it supports as a Third Party
Administrator. UTG will expand its TPA base through the outsourcing of the
Fiserv ID3 administration system for UTG's existing business and that of its TPA
clients. Today, UTG administers nearly 400,000 policies. Several million
policies are administered on ID3 every day among its valued customer base.
"The unique value of this alliance is its ability to deliver mission-critical
support on multiple levels with many types of organizations," said Jim Rousey,
Executive Vice President of UTG. "With the technology and experience that Fiserv
brings, we are able to create a win/win opportunity for all." Many companies
have strategically selected the TPA option to reduce the volatile costs of
in-house administration. This business strategy can greatly improve both
new-product time-to-market and return on investment, Rousey said.
The alliance will offer full service support to its customers including
marketing support, policy administration, new product filing support, agency,
and conversion assistance. The BPO/TPA offering is competitively priced for
companies of all sizes and product mix.
Fiserv LIS will be responsible for the marketing and sales function for the
alliance as well as providing the operations processing service for UTG.
Together the combined operations will provide a full suite of associated
services, and UTG will staff the administration effort. The Alliance will also
be positioned to offer call center support, underwriting, document management,
imaging and workflow, and sales/illustration support.
ID3 is a software system offered by Fiserv LIS currently used to administer an
array of life, health and annuity products throughout the insurance industry.
Fiserv, Inc. (Nasdaq: FISV) is an independent, full-service provider of
integrated data processing and information management systems to the financial
industry. Headquartered in Brookfield, Wisconsin, Fiserv also can be found on
the Internet at www.fiserv.com.
As a family of companies that has been providing life insurance services for
over 75 years, UTG is committed to making a positive difference in the lives of
those they touch by:
• Believing in ourselves and each other.
• Providing quality, one-on-one customer service and valuing (respecting) our
relationships.
• Ensuring profitability through administrative efficiency.
• Giving of ourselves to the community and sharing the rewards of our
endeavors.
United Trust Group, Inc., a public corporation traded in the Over-the-counter
market (UTG) is located on the Internet at www.unitedtrustgroup.com.
