| American Fidelity Educational Services (AFES) could teach the class in providing
quality supplemental insurance and investment products supported by financial services that are advantageous
to those within the educational community.
We know and respect our Customer, providing quality protection such as our
disability income protection endorsed by the National Education Association.
AFES is proud of connecting with more than 3,900 school districts through our Section 125
offerings. We remain further committed to serving the needs of those in our schools by
spanning the nation with licenses in 49 states and the District of Columbia, plus maintaining
offices or manpower in 37 states.
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American Fidelity Educational Services’ achievements in 2007 included
great progress in our return on equity and marked an all-time high for unit value growth success at 17.1 percent.
AFES is proud to have procured $70.5 million in sales for a record-setting year. Division
performance continued to exceed target for a second straight year, due in part to attaining 120 percent of
sales quota. A five percent increase in our sales force, impressive premium growth and expansion into new
or underserved markets enabled us to keep up the pace.
Such achievement would not be possible without the many home office Colleagues working diligently
behind the scenes to increase efficiencies while reigning in expenditures. Systems utilization played a big
role in the reduction of home office expenses.
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Our past accomplishments prompt further expectations and
drive increased efforts for 2008. Key steps include becoming the 403(b) administrator
for our current Section 125 school systems and in turn gaining new Section 125 accounts
by providing 403(b) administration services.
With increased sales and service efforts come anticipated field
distribution growth and a goal for an eight percent boost in field representatives. At
the same time, we look to expand the advanced knowledge base of our home office Colleagues
with continued education opportunities.
AFES will continue to make strides in expense reduction with technological advancements including
the complete automation of claims payment processes and the expansion of Web-based enrollment
capabilities on the horizon.
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