- 1. Because the PartnerYou ChooseCounts
2. An Industry Leader and Pioneer
- Pioneered worksite benefits via payroll deductionin 1955 and
laptop enrollment technology in early 1990s
- Second-largest U.S. provider of voluntary worksite
benefits*
- 50,000+ accounts and 2.7 million in force policies
- Exceeded $1 billion in in-force premium in 2007
- Operates in 50 states and DC; in New York, operates under
Colonial Voluntary Benefits through an affiliate, The Paul Revere
Life Insurance Company
*LIMRA International, Worksite Marketing of Voluntary Products
Quarterly U.S. Sales SurveyFourth Quarter 2007 3. One Source
Benefits CounselingEnrollment Services Insurance Products 4. The
Competitive Edge By having a partner whos flexible and provides
multiple options, you can cover the breadth of your agencys
clientele. It gives you the tools to be able to satisfy clients in
different size categories who care about their employees and want
to communicate effectively to them. Brian Tarpey, president of The
Tarpey Group, LLC, N.J. Distinguish Yourself Furnish Solutions
Preserve Your Clients 5. The Competitive Edge Enjoy the Ease and
the Accolades Record-Breaking FIVEReaders Choice Awards: 1.Most
innovative carrier 2.Best critical illness product 3.Carrier
offering best back-officesupport 4.Carrier that communicates best
with brokers 5.Best whole life product 6.
- Double-digit increases in health insurance premiums
- Greater employee financial exposure
- Employee attraction and retention issues
Voluntary Benefits Solutions The Challenges 7.
- Help clients manage costsandbridge gaps in their core
benefits
- Provide solutions for clientswho are moving to high-deductible
health plans
- Offer a limited benefit medicalplan for uninsured
employees
Voluntary Benefits Solutions Our Products 8.
- 1. Medical Hospital ConfinementIndemnity Insurance,
AccidentInsurance, Limited BenefitMedical Plan*
- 2. Income ProtectionDisability Insurance
- 3. Catastrophic IllnessesCancer Insurance,Critical Illness
Insurance
- 4. Survivor Benefits Term andCash Value Life Insurance
Employer Benefits Package
Colonial Lifes PersonalInsuranceProducts Voluntary Benefits
Solutions Our Products Underwritten by Colonial Life & Accident
Insurance Company. Products have exclusions and limitations that
may affect benefits payable. Coverage may vary by state and may not
be available in all states. 9. How Voluntary Benefits Can Work
Annual Employer Savings: $19,398
- Increase deductible by $1,000
- Offer Hospital Confinement Indemnity plan* with$1,000
benefit
Example based on group of 50 eligible employees, 2007 S.C.
benefit rates, average age 35. Sample rates are for illustrative
purposes only; rates may vary based on account type, state, group
health carrier and other factors. *Medical Bridge SM3000 Level
2:$1,000 Hospital Confinement Benefit, Employee-Only Coverage
Employee(EE) Deductible Medical Bridge Premium Monthly Group Health
Premium Annual Employer Funding $500.00 $1,500.00 $0 $18.50/EE/mo
$13,462.00 $11,845.50 $161,544.00 $142,146.00 10.
- One-to-one benefits counseling
- Call center and co-browsing one-to-one options for employees
who cant meet face-to-face
- Self-enrollment and group meeting alternative enrollment
options
- Flexible enroller payment options
- Expertise in multi-state/multi-location accounts
Flexible Enrollment Options Tailored to Enrollment Needs Turnkey
benefits enrollment & communications 11.
- Business Quality Index (systematic tracking system)
-
- Tracks persistency/customer satisfaction at the enroller level
throughout account lifecycle
- Independent post-enrollment surveys
-
- Structured national training program
-
- National Enrollment Team (Best in the Business
designation)
Flexible Enrollment Options Enrollment Quality Control 12.
- Help employees understand theirtotal benefits program and
hidden paycheck
- Boost job satisfaction and retention
Benefits Counseling Benefit Reps Who Work With You 93% of
employers surveyed say personal benefit communicationsare valuable
tools for recruitingand retaining employees.- Benefit News.com,
Survey says communication is key to benefits understandingand
appreciation, December 2006 13.
- Personal Salary Illustrations allow employees to see how their
choices affect their paycheck
Benefits Counseling BenefitsCommunication Tools 14.
- Customized Benefits Statement illustrates the employers
investment in the employee
Benefits Counseling BenefitsCommunication Tools Employers
Contribution 15.
- FreePremium Only Plans (POPs)
- DiscountedFlexible Spending Accounts (FSAs)
- Peace of mind Help ensure clients understand their options,
have access to their plan document and stay in compliance
Strategic alliances Ceridian and Ameriflex Section 125 Programs
16. Service You Can Trust What the Surveys Say
- Brokers industrywidevoted us theReaders Choice forthe best
back-office service in the 2007Benefits Selling Readers
ChoiceAwards.
9 in 10 claimantsvoice strong approvalfor the service theyve
received from us and would recommendus to others.* 99 percent of
plan administrators say its easy to reconcile our invoices. Our
customerservice repsconsistently scoreabove 90 percentfor their
courtesy, accuracy,professionalismand knowledge.* 17.
- An additional revenue stream
- A means to fund core enrollments and benefits counseling
services
- No hassle... (we get it!)
- Commitment to honoring Broker of Record letters
By partnering with us, you cantake advantage of... Service You
Can Trust Broker Services 18.
- Free CCH HR AnswersNowaccess for you and your clients
- Marketing and enrollment materials
By partnering with us, you cantake advantage of... Service You
Can Trust Broker Services 19. Choose a PartnerYou CanCountOn
- We workwithyou while youworkforyour clients
-
- Voluntary benefits andservices that increaseemployee
understandingand appreciation of alltheir benefits
Were Colonial Life. And weremaking benefits count. 20. 2008
Colonial Life & Accident Insurance Company. Atlanta Brokerage
Sales Office (404) 492-5900 [email_address]
