Slide1 l.jpg
This presentation is the property of its rightful owner.
Sponsored Links
1 / 14

Insight. Answers. Understanding. PowerPoint PPT Presentation


2010 MFA Voluntary Benefits Webinar Special Benefits Available to MFA Member Firms January 26, 2010 We will begin at 10:00am Eastern Call in Number is 1-888-441-7987 Participant Code is 1742752#. Insight. Answers. Understanding. Longfellow Benefits.

Download Presentation

Insight. Answers. Understanding.

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Slide1 l.jpg

2010 MFA Voluntary Benefits Webinar

Special Benefits Available to MFA Member Firms

January 26, 2010

We will begin at 10:00am Eastern

Call in Number is 1-888-441-7987

Participant Code is 1742752#

Insight. Answers. Understanding.


Longfellow benefits l.jpg

Longfellow Benefits

Providing solutions for the delivery of voluntary products

Presented by:

Patrick J. Haraden – Senior Vice President, Longfellow Benefits

Brian W. Drake – Regional Sales Manager, Allstate Workplace Division

Insight. Answers. Understanding.


Agenda l.jpg

Agenda

  • Carrier Selection Process

  • MFA Member Benefits

  • Product Delivery Opportunities

  • Wellness Benefits

  • Employer Considerations

  • Resources

  • Questions and Answers


Carrier selection process l.jpg

Carrier Selection Process

  • MFA member survey

  • Meetings with several vendors based on responses

  • Criteria for selection

    • MFA benefits

    • Product portfolio

    • Commitment to partnership

    • Association experience


Allstate workplace division l.jpg

Allstate Workplace Division

  • Competitive underwriting offer to MFA

  • One of America’s most recognized brands

  • 1 in 8 homes currently have an Allstate product

  • Rated A+ AM Best, AA Standard & Poor’s, A2 Moody’s

  • Product portfolio designed to compliment core benefits through benefit consultants

  • Association experience


Mfa member benefits l.jpg

MFA Member Benefits

Guarantee Issue Products for Members 200 +

  • Employee must be actively at work

  • Only 15% aggregate participation required (standard is 25% per line)

  • Group Products Available

    • Group Critical Illness

    • Group Accident

    • Group Cancer and Specified Disease


Mfa member benefits7 l.jpg

MFA Member Benefits

Contingent Guarantee Issue for all Groups (2+)

  • 3 questions:

    • Actively At Work?

    • Aids / HIV Related?

    • Hospitalized or Disabled in the past 6 months?

  • Products available:

    • Life Insurance – up to $150,000

    • STD up to $5,000 for groups 50 and above

    • STD up to $3,000 for groups under 50 ($5,000 can be obtained with additional questions)

  • Contingent Guarantee Issue is typically available to groups 50 lives and above


Product delivery l.jpg

Product Delivery

  • Traditional 1 on 1

    • Available off annual enrollment

    • Core Benefit Communications Assistance

  • Online Core Benefit Enrollments

    • Allow for all employees to have the same benefit experience

    • Voluntary products are enrolled without the need of an agent

    • Deliver an efficient model for all future enrollments and new hires

    • Provide these systems at “no cost”

  • Wal-Mart Case Study


Wellness l.jpg

Wellness

Incent Current Wellness Using Voluntary Products

  • Current wellness programs may qualify for $100 reimbursement from voluntary products

  • Use this as leverage to drive participation in your wellness program


Wellness lifestrive l.jpg

Wellness - Lifestrive

Implement a full blown Wellness program

  • The $100 inside of the products is assigned to Lifestrive to provide each individual an executive health profile each year

  • The results are not reported to any third parties!

  • Employers receive the aggregate reporting

  • The program includes a thorough online curriculum tailored to the individual’s health situation

  • It’s your tool to say, “Being healthy can make you rich.”


Slide11 l.jpg

LifeStrive®Step 1: Engage Via Comprehensive Objective Personal Data

LifeStrive® Comprehensive Wellness Panel

50 individual tests provide thorough biochemical assessment

Lipid panel (cholesterol, HDL, LDL, the risk ratio, triglycerides)Complete Blood Count (CBC) (WBC, RBC, Platelets, Hct, Hgb)Fluids and ElectrolytesThyroid Panel w/TSHLiver Enzyme PanelKidney PanelGlucose (Diabetes)Complete Mineral Profile

  • Market Value of lab testing and reporting alone exceeds $500

  • Lab testing is only the start of the health promotion process with LifeStrive


Slide12 l.jpg

LifeStrive® - 2010GroupAggregate Analysis & Reporting


Employer considerations l.jpg

Employer Considerations

  • Will complement current employee benefits offering

  • Does not impact current broker/consultant relationship

  • Initial meeting to review products/strategy

  • Employer responsibilities

    • Payroll deductions

    • Bill payment

    • Enrollment transactions

    • Communication (shared with Allstate)


Resources l.jpg

Resources

Patrick J. Haraden, CEBS, REBC, CLU, ChFC, RHU, MBA, LIASenior Vice President, Employee Benefit ServicesLongfellow Benefits(617) [email protected]

Brian W. Drake, MBARegion Sales ManagerAllstate Workplace Division(617) [email protected]


  • Login