Assurity at Work. Assurity at Work. Product Portfolio

Transcription

1 Assurity at Work Assurity at Work Product Portfolio

2 Assurity Life Insurance Company Assurity 2014 Statutory Financial Results $2.46 billion in total assets under management $330.8 million in total surplus and asset valuation reserve (AVR) 13.4 percent ratio of surplus and AVR to assets in 2014, a strong measure of our ability to meet future obligations $17.5 million in dividends paid to policyholders in 2014 $191 million in total benefits paid to policyholders in 2014 $15.2 billion of total insurance in force (Billions) $2.50 $2.45 $2.40 $2.35 $2.30 $2.25 $2.20 Assurity Assets $ 2.42 $ $ *A.M. Best ratings for insurers financial strength and credit quality of obligations range from A++ (Superior) to F (in liquidation). For agent use only. Not for use by consumers. Policy and rider availability, features and rates may vary by state. What s important when selecting an insurance company? In addition to service and product excellence, key considerations include a record of financial strength, stability, integrity and experience. These are the defining characteristics of Assurity Life Insurance Company. Financial Strength For 125 years, Assurity has built a legacy of protecting the financial security of our policyholders, whether businesses, individuals or families. We take our future obligations to every policyholder very seriously. To fulfill this responsibility, the insurance products we offer are backed by our financial strength, industry expertise and commitment to serving our customers and distributors. Assurity s mission to help people through difficult times is complemented by the dedication of our associates and representatives nationwide. Headquartered in Lincoln, Neb., Assurity has earned the rating of A- (Excellent)* with a stable outlook from A.M. Best Company, the insurance industry s leading independent analyst. Solid Track Record Assurity is committed to honoring our promises to policyholders now and in the future. Our company utilizes conservative investment practices and a sound, disciplined management approach. Assurity s investment operations are guided by a focus on sustaining a strong financial position while limiting credit and interest-rate risk. Our emphasis is on building and maintaining a high quality, well-diversified investment portfolio, with proper matching of assets and liabilities. Longtime Stability and Commitment Assurity s core values today remain the same as they were more than a century ago protecting individuals and families, valuing community and exercising responsibility and fairness in all dealings. From the beginning, we ve designed and marketed products for Middle America. Over the decades, we ve created and refined the products and financial solutions our customers want and need. Assurity offers a selection of dependable, competitive products with strong guarantees and features that cover the risks of death, disability and serious accident or illness. To serve diverse consumer needs, we have developed a unique blend of broad-based, complementary distribution systems. Assurity serves customers across the nation, offering individual and worksite products including disability income, critical illness, accident, life and specialty health insurance plans. 2

3 Why Assurity at Work? You need a dedicated business partner to help you grow your worksite business and make the most of each opportunity. Assurity at Work, a division of Assurity Life Insurance Company, can deliver the insurance plans and back-office support to help create solid solutions for your clients. Our extensive product portfolio will get the attention of your employerprospects, while our superior electronic systems, old-fashioned friendly service and quick processing will work for YOU! Starting with your assigned regional sales team, we ll support you every step of the way. Assurity at Work assists you in providing participating companies and their employees the valuable benefits they want and need, at no cost to the employer. Employees can have the financial protection they deserve. That s a solution that works for everyone! Our Premier Value-Added Features Provide yourself and your clients the quality insurance products and top-notch service you all deserve. We have solutions that work for everyone! For Our Distributors Flexible underwriting A full portfolio of voluntary worksite group and individual insurance policies critical illness, accident expense, disability income, hospital indemnity, cancer expense, critical illness and term, whole and universal life insurance products Very high commissions, vested from day one Enticing company incentive trips You maintain control of your own cases We treat you like a partner Platinum Service Administrative support Enrollment support For Your Employer-Clients AND You Strong backroom administration, with single- point, real person billing services Consistent, speedy processing Responsive, personal phone service Quick case turnaround Best-in-class service strong values and work ethic Electronic enrollment and online proposal system We do worksite better! Find out today how easy it is to do business with Assurity at Work. For agent use only. Not for use by consumers. Policy and rider availability, features and rates may vary by state. Product Color Key Accident Expense Hospital Indemnity Cancer Expense Critical Illness Term Life Whole Life Universal Life Disability Income 3

4 Assurity at Work Health Accident Expense PRO Individual: W H1101 (24-hour) and W H1102 (Off-the-job only); Group: G H1105/G H1105C (24-hour) and G H1106/G H1106C (Off-the-job only) Accident Expense PRO Insurance is an insurance policy that helps cover deductibles and out-of-pocket expenses by providing benefits for an insured person s death, dismemberment or medical care resulting from a covered accident. Highlights: Benefit Options: Benefit Amounts: Rate Structure: Renewability: Underwriting: Issue Ages: Optional Riders: Easy to issue no health questions for coverage Group and individual plan design available Affordable as little as $3 per week Over 25 benefits payable Pays for: Accident Emergency Treatment ( emergency room visits, physician s office or urgent care) Follow-up Treatment Hospital admission Hospital confinement Diagnostic exams Lacerations Fractures Dislocations Accidental death Hospital intensive care unit confinement Coverage is portable 24-hour coverage Off-the-job only coverage One- or two-unit plans Employee, Employee/Spouse, Employee/Child, Family Unisex; Unismoke One age band Individual plan is guaranteed renewable to age 70, conditionally renewable for life; group plan is optionally renewable No health questions for coverage Employee and spouse: 18+; children: birth through 25 years Accident-only Disability Income Rider (available to employee only) Wellness Benefit Rider Where not approved, Accident Expense+ may be available with some product variations from what is described above. 4 Policy and rider availability, features and rates may vary by state.

5 Assurity at Work Health Hospital Indemnity PRO Individual: W H1229; Group: G H1230/G H1230C Hospital Indemnity PRO Insurance is an insurance policy that provides a daily benefit for hospital confinement due to a covered accident or sickness with no deductibles or coinsurance. Highlights: Benefit Amounts: Benefit Periods: Elimination Period Accident: Elimination Periods Sickness: Rate Structure: No-hassle, Guaranteed Issue (GI) available Flexible plan design allows customization to match employer health benefits Pays a daily benefit regardless of existing medical coverage Any licensed medical doctor or hospital may be used Coverage is portable $100-$1,000 per day (sold in $50 increments) 180 or 365 days 0 days (immediate) 0 or 7 consecutive days Employee, Employee/Spouse, Employee/Child, Family Unisex; Unismoker Six age bands: 18-39, 40-49, 50-59, 60-64, 65-69, 70+ Renewability: Individual plan is guaranteed renewable to age 70, conditionally renewable for life; Group plan is optionally renewable Underwriting: Guaranteed Issue and Simplified Issue available; Yes/no application Issue Ages: Employee and Spouse: 18+; Children: 0 days through age 25 Optional Riders: First Hospital Admission Rider Wellness Rider Emergency Accident Rider Critical Illness Rider Diagnostic Rider Surgical and Anesthesia Rider Initial Hospitalization Lump Sum Rider Intensive Care Unit (ICU) Rider Private Duty Nurse Rider Outpatient Sickness Rider Accidental Death and Dismemberment Rider Where not approved, Hospital Indemnity+ may be available with some product variations from what is described above. Policy and rider availability, features and rates may vary by state. 5

6 Assurity at Work Health Cancer Expense PRO Individual: W H1220; Group: G H1225/G H1225C Cancer Expense PRO Insurance is an insurance policy that provides specified indemnity benefits for the insured s diagnosis, treatment and prevention of cancer. Highlights: Radiation Treatment, Chemotherapy, Hormone Therapy or Immunotherapy benefit Pays a monthly indemnity benefit for covered treatment up to the selected monthly/lifetime maximums Bone marrow and stem cell transplant benefit Experimental treatment benefit Cancer screening benefit Prosthetics, hairpieces, breast reconstruction covered Coverage is portable Benefit Amounts: Hospital Confinement: $150, $250, $350 per day Radiation/Chemotherapy/Hormone Therapy/Immunotherapy (monthly maximum/annual maximum): $2,500/$10,000; $2,500/$15,000; $5,000/$20,000 or $5,000/$30,000 Rate Structure: Employee, Employee/Spouse, Employee/Child, Family Unisex; Unismoke Six age bands: 18-39, 40-49, 50-59, 60-64, 65-69, 70+ Renewability: Individual Guaranteed renewable for life Group Optionally renewable Underwriting: Simplified Issue; Yes/No application Issue Ages: Employee and Spouse: 18+; Children: 0 days through age 25 Optional Riders: Cancer First Occurrence Benefit Rider Cancer First Occurrence Increasing Benefit Rider Intensive Care Unit (ICU) Benefit Rider Specified Disease Benefit Rider Where not approved, Cancer Expense+ is available with some product variations from what is described above. 6 Policy and rider availability, features and rates may vary by state.

7 Assurity at Work Health Critical Illness PRO Individual: W H1108; Group: G H1107/G H1107C Critical Illness PRO Insurance is an insurance policy that provides a lump sum benefit upon diagnosis of 15 specific illnesses and procedures (with cancer rider). Highlights: Benefit Amounts: Covered Conditions: No-hassle, Guaranteed Issue (GI) available Group and individual plan design available Lump sum benefit Up to triple the maximum benefits may be paid for illnesses from the heart/stroke category, the other illnesses category and the Cancer Rider. Built-in Return of Premium Upon Death benefit for causes other than critical illness Coverage can include spouse and children Employee and Spouse: $5,000 to $100,000; Child: $5,000 or $10,000. Spouse and child benefit amount must be less than or equal to the employee benefit amount. Category 1: Category 2: Cancer Benefit Rider Heart Attack Major Organ Transplant (heart or combination transplant, including heart) Stroke Coronary Bypass Surgery Angioplasty Advanced Alzheimer s Disease Coma Kidney (Renal) Failure Major Organ Transplant not covered in Category 1 Occupational HIV Paralysis not as a result of a stroke Severe Burns Loss of Independent Living (ADL) Carcinoma in Situ (non-invasive cancer) Invasive Cancer Rate Structure: Employee, Spouse and Child (separate rates) Unisex; Non-Tobacco and Tobacco Six age bands: 18-39; 40-49; 50-59; 60-64; 65-69; 70+ Renewability: Individual plan is guaranteed renewable for life; group plan is optionally renewable Underwriting: Guaranteed Issue and Simplified Issue available; Yes/No application Issue Ages: Employee and Spouse: 18+; Children: 0 days through age 25 Optional Riders: Cancer Benefit Rider Health Screening Benefit Rider Recurrence Benefit Riders for Critical Illness and for Cancer Where not approved, Critical Illness+ is available with some product variations from what is described above. Policy and rider availability, features and rates may vary by state. 7

8 Assurity at Work Life Term Life PRO Individual: ICC13 W L1307; Group: ICC13 G L1308/ICC13 G L1308C Term Life PRO Insurance is a level-benefit, level-premium term life insurance policy that provides coverage for a five-, 10-, 20- or 30-year term. Highlights: Five-, 10-, 20- and 30-year term periods available Accelerated Benefits Rider included at no charge may accelerate a portion of life insurance proceeds if the insured is terminally ill or expected to stay in a nursing home until death (individual product only) Annually renewable to age 95 without evidence of insurability Wide array of riders including disability income and critical illness coverage Coverage is portable Benefit Amounts: Employee: Minimum $5,000; maximum $200,000 depending on issue age, group size and level of underwriting Spouse: Minimum $5,000; maximum $25,000, depending on issue age, group size and level of underwriting Dependent child: $5,000 or $10,000 Benefit Periods: 5-year term renewable in 5-year terms, annually renewable after age 80; for issue ages 75 and above, one 5-year term is available with annually renewable thereafter 10-year term renewable in 10-year terms, annually renewable after age year term annually renewable after initial term period 30-year term annually renewable after initial term period Rate Structure: Individual: Employee, spouse and dependent children Group: Employee only Unisex, tobacco and non-tobacco Convertibility: All or part of the face amount may be converted to a permanent policy without evidence of insurability. Underwriting: Guaranteed Issue, Conditional Issue and Simplified Issue available; Yes/No application Issue Ages: 5-year Term: Employee 18-95, Spouse 18-70, Children year Term: Employee/Spouse 18-70, Children year Term: Employee/Spouse 18-60, Children year Term: Employee/Spouse 18-50, Children 0-25 Optional Riders: Waiver of Premium Rider Spouse Term Insurance Rider Children s Term Insurance Rider Accidental Death Benefit Rider Accident-only Disability Income Rider Critical Illness Benefit Rider Where not approved, Term Life+ is available with some product variations from what is described above. 8 Policy and rider availability, features and rates may vary by state.

9 Assurity at Work Life Whole Life PRO Individual: ICC13 W L1305; Group: G L1306/G L1306C Whole Life PRO Insurance is a level-benefit, non-participating whole life insurance policy with level, guaranteed premiums to maturity at age 121. Highlights: Rates and values are among the best values in worksite industry Accelerated Benefits Rider included at no charge may accelerate a portion of life insurance proceeds if the insured is terminally ill or expected to stay in a nursing home until death (individual product only) Multi-product discount available policy fee waived if insured has another worksite Assurity product Wide array of riders including disability income and critical illness coverage Dependent coverage available as term rider or policy Coverage is portable Benefit Amounts: Employee: Minimum $5,000; maximum $200,000 depending on issue age, group size and level of underwriting Spouse: Minimum $5,000; maximum $25,000, depending on issue age, group size and level of underwriting Dependent child: $5,000 or $10,000 Rate Structure: Individual: Employee, spouse and dependent children Group: Employee only Unisex, tobacco and non-tobacco Underwriting: Guaranteed Issue, Conditional Guaranteed Issue and Simplified Issue available; Yes/No application Issue Ages: Individual plan: Employee and spouse: 18+; Children: birth through age 25 Group plan: Employee 18+ Optional Riders: Level Term Insurance Rider Waiver of Premium Rider Spouse Term Insurance Rider Children s Term Insurance Rider Accidental Death Rider Accident-only Disability Income Rider Critical Illness Rider Policy and rider availability, features and rates may vary by state. 9

10 Assurity at Work Life Universal Life 0410, 0420 Universal Life Insurance is a permanent life insurance policy that builds tax-deferred cash value and provides a death benefit. Highlights: No-hassle, Guaranteed Issue (GI) available Accelerated Death Benefit Rider available at no charge Withdrawals or policy loans can be taken from policy s accrued value Policy owners may have the flexibility to adjust premiums or face amounts when needed Policy is portable Issue Amounts: Minimum: $3 weekly premium Maximum: $12 weekly premium to $100,000 benefit amount Rate Structure: Unisex, Unismoke Underwriting: Guaranteed Issue, Qualified Issue and Simplified Issue available; Yes/No application Issue Ages: 18 through 65 Optional Riders: Child Term Rider Waiver of Premium Rider 20-Year Level Term Rider (Employee and Spouse only) Accidental Death Benefit Rider 10 Policy and rider availability, abil ity, features and rates may vary by state.

11 Assurity at Work Disability Income Disability Income PRO Individual: W H1207 (accident-only); W H1206 (accident and sickness) Group: G H1214 (accident-only); W H1213 (accident and sickness) Disability Income PRO Insurance is an individual short-term disability income insurance policy that provides income replacement by paying a monthly benefit when an insured person is disabled. Highlights: Benefit Options: Benefit Amounts: Benefit Periods: Rate Structure: No-hassle, Guaranteed Issue (GI) available Group and individual plan design available Plan design flexibility allows employees to select the benefit amount (in $100 increments) Premiums are level Coverage is portable Off-the-Job Accident/Sickness Off-the-Job Accident-only (On-the-job coverage available by rider) Minimum: $300 per month Maximum: $5,000 per month up to 60 percent of income (may be subject to underwriting approval) 3, 6, 12 or 24 months Employee only Unisex; Unismoke Four age bands: 18-49; 50-59, 60-69, 70+ Four industry rate classes Renewability: Individual plan is guaranteed renewable to age 70; conditionally renewable for life; group plan is optionally renewable Underwriting: Guaranteed Issue and Simplified Issue available; Yes/No application Elimination Periods 0, 7, 14, 30, 60, 90 or 180 consecutive days Accident only: Elimination Periods 0/7, 7/7, 0/14, 14/14, 30/30, 60/60, 90/90 or 180/180 consecutive days Accident and Sickness: Issue Ages: 18+ Optional Riders: Emergency Accident Rider Spouse Accident-Only Disability Income Rider Retroactive Injury Benefit Rider On-the-Job Accident/Sickness Disability Income Rider On-the-Job Accident-Only Disability Income Rider Where not approved, Disability Income+ is available with some product variations from what is described above. Policy and rider availability, features and rates may vary by state. 11

12 P.O. Box Lincoln, NE (800) Policy and rider availability, features and rates may vary by state. These policies and riders may contain reductions of benefits, limitations and exclusions. For costs and complete details of the coverage, please contact Assurity Life Insurance Company or review the policy contract. For agent use only. Not for use with consumers Rev. 4/15