UNIVEST INSURANCE, INC. ANNOUNCES PARTNERSHIP WITH LIAZON; INTRODUCES BRIGHT CHOICES EXCHANGE TO HELP EMPLOYERS SAVE MONEY ON HEALTH CARE COSTS

SOUDERTON, Pa, October 23, 2012- Univest Insurance, Inc., today announced a partnership with Liazon which brings the award-winning Bright Choices® Exchange to its clients.  With the Bright Choices Exchange employers can set predictable budgets for their benefits, helping businesses save on average 10-30% in the first year alone. 

 

Liazon's flagship product, the Bright Choices Exchange, is an online benefits store that is changing the way employers and employees buy benefits. Bright Choices helps employers save money on their health care costs by setting predictable budgets while allowing employees to personalize their benefits package with a selection of health, dental, vision, life, disability, and other benefits from top national and regional providers. Award-winning decision support and education help employees make smarter benefits selections.

 

"Progressive brokers like Univest Insurance are looking for new solutions to bring better benefits options to their clients," said Michael Karp, chief revenue officer of Liazon. "Through the Bright Choices Exchange businesses can gain control over their health care costs while providing more comprehensive coverage to their employees."

 

"At Univest Insurance it is a priority to give our clients more choice and control while saving them money, especially in this challenging economic environment and the Bright Choices Exchange helps us do just that," said Ron Flaherty, president, Univest Insurance.  

 

Bright Choices assists employees in making informed decisions, walking each user through a questionnaire about health, wealth, and personality in order to recommend the right benefits package for them and their families.  A personalized shopping experience follows a logical flow to help employees understand and select the best benefits for them.  From a wide variety of options, employees can compare plans side-by-side and view plan costs by pay period to ensure they are making an educated choice that will meet their needs.

 

*Insurance products are offered through Univest Insurance, Inc. and are obligations of the issuing insurance companies, are not obligations or deposits of or guaranteed by any bank and are not insured by the FDIC or any other agency of the United States. Insurance products are not a condition to any bank loan, product or service. Univest Insurance, Inc. is a licensed subsidiary of Univest Corporation of PA.

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About Univest Corporation
Headquartered in Souderton, Pa., Univest Corporation of Pennsylvania (www.univest.net) and its subsidiaries serve the financial needs of residents, businesses, and nonprofit organizations in Bucks, Chester, Montgomery and Lehigh counties. For more information on Univest Corporation of Pennsylvania and its subsidiaries, please visit www.univest.net.

This press release of Univest Corporation and the reports Univest Corporation files with the Securities and Exchange Commission often contain "forward-looking statements" relating to present or future trends or factors affecting the banking industry and, specifically, the financial operations, markets and products of Univest Corporation. These forward-looking statements involve certain risks and uncertainties. There are a number of important factors that could cause Univest Corporation's future results to differ materially from historical performance or projected performance. These factors include, but are not limited to: (1) a significant increase in competitive pressures among financial institutions; (2) changes in the interest rate environment that may reduce net interest margins; (3) changes in prepayment speeds, loan sale volumes, charge-offs and loan loss provisions; (4) general economic conditions; (5) legislative or regulatory changes that may adversely affect the businesses in which Univest Corporation is engaged; (6) technological issues which may adversely affect Univest Corporation's financial operations or customers; (7) changes in the securities markets or (8) risk factors mentioned in the reports and registration statements Univest Corporation files with the Securities and Exchange Commission. Univest Corporation undertakes no obligation to revise these forward-looking statements or to reflect events or circumstances after the date of this press release.