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Transamerica Worksite Marketing


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Voluntary Benefits Portfolio

Voluntary Benefits Portfolio

Published in: Economy & Finance, Business

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  • 1. Presented by Date
  • 2. From Life to Health and everything in between.
    • Transamerica Worksite Marketing has risen to the challenge of today’s demanding employee benefits marketplace. Through our underwriting companies, we offer a comprehensive voluntary group benefits portfolio. You now have the range and quality of life and health products needed to provide exceptional products and services to employees and their families.
  • 3. Universal Life
    • TransLegacy SM - A universal life insurance policy
    • Guaranteed Issue available down to 100 lives
    • Conditional Guaranteed Issue available down to 50 lives
    • Our highest death benefit per premium dollar
    • Increased current credited interest rate up to 5.25%
    • Choice of employee-only or employee and dependent coverage
    • Riders available
    • Automatic Face Amount Increase
    • Accidental Death and Dismemberment
    • Waiver of Monthly Deductions due to Layoff
    • Waiver of Monthly Deductions for Total Disability
    • 10 or 20 year Level Term Benefit Insurance
    • Accelerated Death Benefit for Critical Care Condition with 25, 50, 75 and 100% options
    • Accelerated Death Benefit for Long Term Care with Extension of Benefits (with paid-up life benefit)
    • Accelerated Death Benefit for Terminal Illness
    • Waiver of Premium
    • Child Level Term Insurance
  • 4. Group Term Life
    • TAC$-Advantage ® - A group term life insurance policy
    • Conditional Guaranteed Issue and Simplified Issue available. Guaranteed Issue considered with Underwriting approval for cases above 1,000 lives
    • Choice of employee-only or employee and eligible dependent coverage
    • Terminal Illness Accelerated Death Benefit Option Rider
    • Coverage is continuable (state specific)
    • Waiver of Premium Rider (included with TAC$-Advantage where approved )
    • Riders available
    • Accelerated Death Benefit for Critical Care Condition up to 100% of life insurance Death Benefit amount
    • Accidental Death and Dismemberment Rider
    • Voluntary Group Term Life and Basic Group Term Life products are also available.
  • 5. Integrated Product
    • myPack SM - A group term life Insurance with accelerated death benefit rider for critical care condition with group off-the-job accident insurance with off the job accident disability benefit rider and sickness disability benefit rider
      • TAC$-Advantage with Critical Illness Benefit & TransAccident with Accident and Sickness Disability Income Rider coverage is Guaranteed Issue
      • TAC$-Advantage with Critical Illness Benefit Buy-Up Option is Conditional Guaranteed Issue
      • Required participation for groups of 26 to 499 employees is the greater of 10% or 10 applications per group
      • Groups of 25 or less, minimum participation is 5 applications
  • 6. Critical Illness
    • CriticalAssistance SM Plus - A group critical illness insurance policy
      • Guaranteed Issue Availability Down to 100 Life Cases
      • Fully Portable
      • No Waiting Period
      • Recurrence Benefit
      • Competitive Premiums
    • Employers can select up to two plan designs to offer. Each provides a lump sum benefit for certain critical illnesses and additional benefits.
    • Categories
      • Covers heart attack, stroke, heart transplant surgery, coronary bypass surgery, and angioplasty/stent.
      • Covers major organ transplants (excluding heart) , end-stage renal failure, paralysis not due to stroke (all four limbs) , and burns.
      • Covers invasive cancer, carcinoma in situ, prostate cancer with TNM classification of T1, skin cancer and cancer screening benefit.
      • Covers an initial positive diagnosis of HIV that is contracted during the course of employment (available to the health care industry only) .
    • The base plan includes Categories 1 and 2. Categories 3 and 4 are optional and employer selected, along with the Optional Benefit Riders.
    • Optional Riders
      • Quality of Life Benefit
      • Cancer Screening Wellness Benefit
  • 7. Cancer
    • CancerSelect ® Plus - A group cancer-only insurance policy
    • Provides benefits to help defer the direct medical and indirect nonmedical costs of cancer.
      • Guaranteed Issue Availability Down to 100 Life Cases
      • No Waiting Period
      • Fully Portable
      • Family Coverage
      • Competitive Premiums
    • Employers can select up to two plan designs to offer. CancerSelect Plus, an optionally renewable policy, has 5 core modules. A unit value for each module may be selected by an employer.
    • Benefits include
      • Hospital
      • Surgery
      • Radiation and Chemotherapy
      • Wellness and Miscellaneous
      • Cancer Maintenance Therapy
    • Riders available*
      • First Occurrence
      • Specified Disease
      • Intensive Care
      • * Not all riders available in all states
    • .
  • 8. Accident
    • Initial Hospitalization for Injury
    • Accident Emergency Treatment
    • Accident Specific Sum Injuries
    • Accident Hospital Income
    • Additional Intensive Care Unit
    • Accident Follow-up Treatment
    • Ambulance
    • Appliances
    • Physical Therapy
    • Prosthesis
    • Transportation
    • Family Lodging
    • Accidental Death and Dismemberment
    • Optional Benefits
    • Off-the-Job Accident Disability
    • Sickness Disability
    • Wellness
    TransAccident ® - A group off-the-job accident insurance policy AccidentSelect ® I & II - An accident-only insurance policy Provide benefits to assist with costs associated with certain accidents. AccidentSelect II offers higher benefits per category.
    • Accident Specific Sum Injuries
    • Accident Follow-up Treatment
    • Accident Emergency Treatment
    • Initial Hospitalization for Injury
    • Accident Hospital Income
    • Additional Intensive Care Unit
    • Ambulance
    • Appliances
    • Physical Therapy
    • Prosthesis
    • Transportation
    • Family Lodging
    • Wellness Benefit
    • Accidental Death
    • Accidental Dismemberment
    • Optional Benefits
    • Off-the-Job Accident Disability
    • Sickness Disability
    TransAccident: Policy Form Series CP200500 or TPGA0100. AccidentSelect I & II: Policy Form Series CP500100 or TPA0100.
  • 9. Disability Income
    • TransDI ® Plus - An enhanced short-term disability income insurance policy
    • Enhanced Underwriting parameters including Guaranteed Issue and more liberal Conditional Guaranteed Issue
    • Revamped SIC listing with more than 50% of all classifications moved to a more favorable rating
    • New Preferred Option that pays a level commission for even more competitive pricing issued on a Guaranteed Issue basis
    • New Benefit and Elimination Period Combinations
        • Benefit Periods: 3, 6, 12 and 24 months
        • Elimination Periods: 0/7, 7/7, 0/14, 14/14, 30/30, 60/60, 90/90 and 180/180
    • Riders Available
    • Survivor Benefit
    • Accidental Death and Dismemberment
    • Hospital Indemnity
    • Limited Pre-Existing Conditions Benefit
    TransDI Plus: Policy Form Series CPDI0100
  • 10. Hospital Indemnity
    • TransChoice ® Plus - A group hospital indemnity insurance policy
    • Provide hospital indemnity benefits to full-time or part-time employees, temporary coverage for new employees, employees who are not eligible for major medical and association members.
    • Base Plan Benefits
    • Daily In-Hospital Indemnity Benefit
    • Group Term Life Insurance Policy with Accidental Death & Dismemberment
    • Optional Benefits
    • Outpatient Physician Office Visit Indemnity
    • Outpatient Diagnostic X-Ray and Laboratory Indemnity
    • Surgical and Anesthesia Indemnity
    • In-Hospital and Surgical Additional Indemnity
    • Off-the-Job Accidental Injury
    • Prescription Drug Indemnity
    • Wellness Indemnity
    • Critical Illness Indemnity Benefit and Subsequent Critical Illness Indemnity
    • Emergency Room Sickness
    • Intensive Care Indemnity
    • Daily Inpatient Drug and Alcohol Indemnity
    • Daily Inpatient Mental and Nervous Indemnity
    • Ambulance Indemnity
    • Daily Skilled Nursing Benefit
  • 11.
    • TransChoice ® Plus - continued
    • Additional Coverages (May be sold in conjunction with TransChoice Plus)
    • Short Term Disability Income Insurance
      • $400, $600, $800 monthly benefit not to exceed 60% of base salary
      • Elimination Period - 7/7 or 14/14 and Benefit Period - 3 or 6 months
    • Dental
    • Non-Insurance Discount Programs
    • Employee Discount Card (offered by New Benefits, Ltd.)
    • PPO Network (offered by KBA )
    Hospital Indemnity TransChoice Plus: Policy Form Series CPCH0200. Administration provided by Key Benefit Administrators, Fort Mill, South Carolina.
  • 12. Out-of-Pocket Medical Expense Indemnity
    • TransConnect ® - Group supplemental out-of-pocket medical expense indemnity insurance policy
    • TransConnect has been specifically designed to pay an indemnity benefit for out-of-pocket expenses of deductibles, co-insurance and co-pays from serious illnesses charged by the insured group’s comprehensive medical plan.
    • Benefits include
      • In-Hospital Benefit: $500 - $5,000
      • Outpatient Hospital Benefit: $250 - $2,500
      • Ambulance: $350
    • Coverage may be enhanced by adding the following Rider:
      • Physician Office Outpatient Treatment: $15 per visit, 8 visits per person per year OR $25 per visit, 5 visits per person per year
      • Routine Well Baby Care covered
    • For benefits to be payable, an insured person must be covered by a basic, major medical or comprehensive plan at the time charges are incurred and the other medical plan must provide benefits for the covered charges.
    • TransConnect is available to eligible applicants, regardless of age.
    • Applicants will enjoy Guaranteed Issue underwriting with no pre-existing conditions. Family coverage is available.
    • TransConnect: Policy Form Series CP201200.
  • 13. Dental
    • TransSmile ® - A group dental insurance policy
    • TransSmile is a flexible and convenient, voluntary group dental insurance policy to provide employees with benefits for common dental needs.
      • Flexibility in Coinsurance, Annual Maximum Allowance, Deductibles and Waiting Periods
      • World-Class Administration
      • Maximum Roll Forward Benefit
      • In- and Out-of-Network Options
    • TransSmile has three types of service including Diagnostic and Preventative Benefits, Basic Restorative Benefits, Major Restorative Benefits and optional Orthodontics Benefits rider.
    • The employer can select up to two plan design options for TransSmile to offer to employees. Each plan design has the following options:
      • Coinsurance Options
        • 0-100% of Available Maximum Allowance (increments of 5%)
      • Available Maximum Allowance Options
        • $500, $750, $1,000, $1,250, $1,500, $2,000, $2,500
      • Waiting Period Options
        • 0, 3, 6, 12, 18 or 24 months
      • Annual Deductible Options
        • $0, $25, $50, $75, $100, $150, $200, or $1,000 lifetime deductible
      • Number of Deductibles Options
        • No Limit, Maximum 2 per Family or Maximum 3 per Family
    TransSmile: Policy Form Series CPDEN100 and CCDEN100. Administration provided by Omega Administrators, Inc., Sherwood, Ark.
  • 14. Vision
    • SightSelect ® - A vision care insurance policy
      • Complete annual eye exam
      • Lenses and frame, if required
      • Dual-choice frame benefit: participants can choose one of the frames on display at the provider location, or apply the frame allowance to any frame on the market
      • Contact lenses are available in lieu of lenses and frame
        • including four boxes of disposables
      • Savings on PRK and LASIK laser eye surgery
      • Employers can choose between two plans offering different co-payments and frequencies of service
      • Spectera’s diverse network offers both private practice as well as leading retail chain providers with evening and weekend hours available
    SightSelect: Policy Form Series UHIC VisPol (04/02). Spectera, Inc. administers vision benefits underwritten by the following entities: United HealthCare Insurance Company, United HealthCare Insurance Company of New York and Unimerica Insurance Company, Inc.
  • 15. Legal
    • Family Legal Protection Plan - A group legal expense program
    • This is not an insurance policy.
    • Members annually receive
    • Free consultations – unlimited 1/2 hour consultations with plan attorneys each year via phone, in office or online
    • Document reviews – up to three simple documents (six pages or less) reviewed by a plan attorney
    • Simple or living wills – prepared or updated by a plan attorney
    • Dispute resolution – letters or phone calls made by a plan attorney for up to three matters
    • Members have unlimited access to user-friendly online resources
    • Guaranteed reduced rates when legal representation is needed
    • Flat fee services for bankruptcy, divorce, child/spousal support, traffic tickets and many others
    • Plan discount of 25% on plan attorneys’ hourly rates
    • Discounted contingency fees
    • 24/7 Access to Web Resources on Legal Matters such as:
    • Complete Online Member Legal Research
    • Lawsuit/Litigation Procedural Guide
    • Property Damage Disputes
    • “ Better Benefits” Package (included at no cost)
    • Identity Theft Protection
    • Financial Counseling Benefits
    • Financial Planning Benefits
    • $14 Per Month Covers the Entire Family
  • 16. Electronic Enrollment
    • TransLink ® - An electronic enrollment system
    • Take advantage of this tool and you will have time to focus on what you do best, selling voluntary benefits!
    • Advantages include
    • Jet policy issue and delivery.
    • Consistency between payroll deductions and initial billing statements.
    • Broker, enroller and employer level reporting to simplify enrollment management.
    • Optional year-round, online billing.*
    • Optional enrollment of all core and ancillary products offered to your group (yes … even products underwritten by other carriers!).*
    • Accurate data that virtually eliminates post enrollment “clean up”
    • Cost effective. This system is available to you at little or no cost!
    • Enrollments taken via a remote laptop or self service and/or call center platform. Real-time web-based service with air cards is available.
    • All of this can ultimately lead to commissions being paid quickly and accurately.
    • Call our New Business Case Management at 800-400-3042, ext. 1111.
    • TransLink is available for groups with 100 or more eligible employees and may not be available in all jurisdictions.
    • * Available at additional cost.
  • 17. Web Site
    • A useful streamlined look make that’s easy to navigate.
    • Example features for registered producers
    • MyTWM: your information at log in
    • Order Materials: answer a series of questions and an ordering wizard locates the appropriate forms to add to your shopping cart for check out. Identify the quantity and choose one, or multiple, shipping addresses.
    • Forms by State: If necessary form is known, pick a state, pick a product, add the forms to the shopping cart and check out. After check out, identify the quantity and choose one, or multiple, shipping addresses.
    • Service Forms: access PDFs to commonly used forms outside the ordering system.
    • Reporting functions
      • Production: See production as it is in your hierarchy
      • Re-enrollment: Download in PDF or excel
      • New business policy status: View policies from received to issued
      • Missing Information: View items missing to issue policies
    • Contracting and Licensing: View requirements and status by state.
    • Producer FAQ: Answers to questions about how to do business with TWM.
    • TransConnect and TransChoice Plus: links to auto-login to third-party administrator web sites.
  • 18.