Your family

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Grand Pacific: Your family for life

Grand Pacific Life Insurance (GPU), incorporated in 1957, was established to help provide families with financial security by offering a variety of life insurance prod ucts. Today it is Hawaii’s largest, locally owned and operated life insurance compa ny. Its success can be attributed to: Its phi losophy; products; strategic expansion and

commitment to cus tomers and the com munities in which it does business.

Philosophy GPU’s focus has

always been on personalised service and products that meet customers’ changing

needs. “We recognise that every plan and application must be as individual as the

Grand Pacific Life Insurance looks after you and your family

customers we serve,” says President and CEO Wadsworth Yee.

It is GPU’s philosophy to listen, ask questions and make no assumptions.

Products GPLI offers a full complement of prod ucts including individual life insurance, group and credit life insurance, long-term disability insurance, decreasing term mort gage insurance and a comprehensive annuity programme.

While other insurance companies try to compete with securities institutions, Grand Pacific has remained conservative, prefer ring to stick to traditional life insurance products. “As a result, our financial position is stronger in meeting adverse claims,” Yee says. Caution, however, does not mean stagnation. “We will enter into different innovative products but not at the expense of giving away the shop. We’re not looking to be the biggest. We just want to do the best job we can for our customers,” Yee says.

Market The company provides insurance and investment services throughout the state of Hawaii, and in Guam, the Northern Marianas, the Marianas, the Marshall Islands, the Federated States of Micronesia, Palau, American Samoa, Western Samoa and Tonga. GPLI is cur rently looking to expand its services further in the Pacific region.

The company’s growth and service sup ported by its recruitment of local represen tatives, individuals that know the intricacies

of the culture and the people.

Commitment “We have been able to remain competi tive and successful by truly being a part of the communities in which we do business,” says Yee. “Living and working in the islands, we make them our home.”

GPLI reinvests in communities in many ways. GPLI supports education, the envi ronment and health and welfare pro grammes. Beneficiaries have ranged from programs that promote and teach apprecia tion of the arts, to programmes that recog nise outstanding .educators. The Finance Factors Family has been a consistent spon sor of programmes which that promote edu-' cation and the importance of parents in a child’s learning process.

Recycling programs, community clean ups and events promoting environmental awareness are long-standing priorities of the companies. Just as important are pro grams that address social and health needs: Aloha United Way, American Cancer Society, the Foodbank, the March of Dimes, Drug Abuse Resistance Education (DARE).

Grand Pacific Life and the rest of the Finance Factors Family recognise the importance of “corporate citizenship”. As a result, they are active in various chambers of commerce and business associations, and are dedicated sponsors of and partici pants in programmes that celebrate the contributions of many of the islands nations’ cultures. ■