The Defined Contribution Plan
We have designed an innovative defined contribution approach for ancillary benefits.
Differentiate from other Brokers!
GAME CHANGER.
Employers identify their fixed monthly premium allocation for all eligible employees, a "Defined Contribution"
- minimum of $25/month
Employers then select the benefits they want to offer from the “Defined Contribution” product portfolio:
- Basic Life
- Voluntary Term Life
- Dental, Vision
- Short Term Disability
- Critical Illness
- Tele-Medicine
- Legal & Identity Theft
Employees are "Empowered" to spend the employer premium allocation and choose the benefits which are important to them
Additional benefits can be purchased above the defined contribution through the ease of payroll deduction
No Census Required - rates driven by SIC codes and zip code (10 to 99 lives) (100+ census required)
100% employee choice - cafeteria style, employees choose the benefits they want and/or need
Chamber / Association Plans - available starting at 2 lives
Guarantee Issue - no underwriting for initial enrollment
No Participation Requirements - with the exception of the Basic Life at 100% & where otherwise specified
2 Year Rate Guarantee / 100% Enrollment Rates!
FIXED BUDGET - Employer can control costs and keep expenses predictable from year to year
RECRUT AND RETAIN - The Employer has enhanced the value of their Employee Benefit package as they look to attract and retain employees
INCREASED RETURN ON INVESTMENT - The Employer maximizes their return on their benefit expense as the employees maximize the alignment of their benefit elections with the exact benefits they want
BIG BUSINESS BENEFITS on a SMALL BUSINESS BUDGET - allowing employers to compete for hires
Differentiate from your peers
Level Commissions first year and renewal
Increase commissions without prospecting new clients
Protect your book of business
Win more new business.
GAME CHANGER
What's the next step?
Contact us for a Quote and see how this program can help your agency!
*No census required under 100 lives
*Group must be eligible for product offering according to Underwriting guidelines. All Rates guaranteed for 2 years unless otherwise stated. This is a basic overview of these benefits. Please refer to your formal proposal and policy for all details, underwriting guidelines and exclusions.