AIG Employee Benefits Announces Enhanced Group Benefits Offerings for Small and Middle Market Enterprises.
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AIG Australian Industry Group American General today announced the launch of a new set of benefits offerings designed specifically for small and middle market enterprises. Marketed by AIG Employee Benefits, the enhanced product line has been approved in 33 states, with a variety of the enhanced products approved in an additional 17 states.
"The small and middle market enterprise has traditionally been under-serviced by group benefits providers," said Steve Gold, President and Chief Executive Officer, AIG Employee Benefits. "Our goal with these new offerings is to bring the products and services typically reserved for large national accounts to small and middle market companies, who typically do not have the same resources as Fortune 500 companies. By working with a client's insurance broker and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. personnel to design a benefits program that is cost effective, easy to implement and meets their specific needs, we can help companies make a real difference in their employees' lives."
Highlights of the new programs include(a):
--Group Life - Maximum issue amounts of up to five times the employee's salary are available. Spouse, domestic partner and children's coverage is included as an option on most plans, with child coverage beginning at live birth;
--Group Accidental Death & Dismemberment dismemberment /dis·mem·ber·ment/ (dis-mem´ber-ment) amputation of a limb or a portion of it.
amputation of a limb or a portion of it. - Available bundled with a term life plan or as a voluntary standalone product for groups of 10-plus insureds. The program includes enhanced seatbelt and airbag benefits, as well as new childcare and child education benefits, depending on the group size and plan;
--Group Short-term Disability - Customized short-term disability benefits package designed to help employees get back to work as soon as possible;
--Group Long-term Disability - A variety of LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability benefits options are available based on group size, including a choice of benefit percentage, elimination period Elimination Period
The length of time between when an injury or illness begins and receiving benefit payments from an insurer. Also known as the "waiting" or "qualifying" period, policyholders must in the interim pay for these services and can be thought of as a deductible. , occupation period and maximum monthly benefits. Regular occupation and progressive partial disability protection is also available. Rehabilitation and educational benefits are built into most plan offerings, with a focus on return to work assistance programs;
--Group Dental - Employees can select a PPO PPO
preferred provider organization
PPO Managed care Preferred provider organization, see there Infectious disease Pleuropneumonia-like organism, see there or indemnity plan indemnity plan,
n 1. a plan that provides payment to the insured for the cost of dental care but makes no arrangement for providing care itself.
2. , giving them the flexibility to choose any dentist or select a provider from the expanded AIG National Dental Network(SM). The Network includes dentists at more than 59,000 locations; and
--Group Vision - The EyeMed Network provides access to over 25,000 independent and retail providers nationwide, including all LensCrafters(R) locations. Vision plans also include reimbursement for non-network provider services, and benefits that apply to any brand of frame (including prescription sunglasses sunglasses A tinted pair of glasses used to ↓ light arriving at the eye, which are labeled according to the amount of UV light blocked; nonprescription glasses are classified according to use and amount of UV radiation blocked
Sunglasses ) or contact lens contact lens, thin plastic lens worn between the eye and eyelid that may be used instead of eyeglasses. Actors, models, and others wear them for appearance, and athletes use them for safety and convenience. . Discounts for LASIK LASIK laser-assisted in-situ keratomileusis.
Eye surgery in which the surface of the cornea is reshaped using a laser, performed to correct certain refractive disorders such as myopia. and PRK PRK photorefractive keratectomy.
Photorefractive keratectomy (PRK)
A procedure that uses an excimer laser to make modifications to the cornea and permanently correct myopia. surgeries are also available.
To further address the needs of small- and medium-sized employers and support the new coverages, AIG Employee Benefits' initiative includes enhanced technology and service offerings to assist employers with day-to-day administration of the programs. These services include:
--Dedicated Client Service Teams - Seasoned employee benefits advisors can work closely with employers who have group plans covering more than 100 lives to provide proactive support and simplify plan renewals;
--Personalized Marketing Support - AIG Employee Benefits can provide custom marketing materials, at an additional cost, to employers to help drive awareness of and enrollment in the new benefits programs. Communications support includes e-campaigns, website copy and articles that focus on the importance of supplemental benefits programs;
--Medical Underwriting Tracking System - An innovative web-based system that streamlines the underwriting process and offers several features that benefit employers, including automated delivery of weekly status reports on coverage applications and enhanced reporting capabilities for agents, brokers and employees;
--Online Support - Employers and employees will gain password-protected access to www.AIGemployeebenefits.com, where they can find policy forms, product information, network provider listings and view recent premium statements;
--Language Line - With Language Line, non-English speaking employees' questions regarding their employee benefits are addressed in their native tongue via a toll-free phone call; and
--Instant Access Accounts - Special interest-bearing checking accounts are available for beneficiaries, making access to the benefit much easier for those who have suffered a loss.
For more information on the new group benefits offerings from AIG Employee Benefits, and a list of states where the products are available, please visit www.AIGemployeebenefits.com or call Cynthia Osofsky, Senior Vice President, Marketing and Product Development, AIG Employee Benefits, 732-922-7035; firstname.lastname@example.org.
(a) The description above is neither a complete description nor a complete list of all policy terms, conditions and exclusions. Note that certain terms used above are defined in the policy. Please see the policy for a complete description of its scope and limitations of coverage. Issuance of coverage is subject to underwriting. Insurance is underwritten by member companies of American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. , Inc. Coverage may not be available in all jurisdictions.
AIG Employee Benefits is the marketing brand under which group life, accidental death & dismemberment, disability, dental and vision products are offered by the insurance companies that comprise AIG American General. AIG American General is the marketing name for the insurance company subsidiaries of American International Group, Inc. (AIG) that comprise AIG's domestic life operations.
American International Group, Inc. (AIG) is the world's leading international insurance and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page. organization, with operations in more than 130 countries and jurisdictions. AIG member companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , AIG companies are the largest underwriters of commercial and industrial insurance and AIG American General is a top-ranked life insurer. AIG's global businesses also include retirement services, financial services and asset management. AIG's financial services businesses include aircraft leasing, financial products, trading and market making. AIG's growing global consumer finance business is led in the United States by American General Finance. AIG also has one of the largest U.S. retirement services businesses through AIG SunAmerica and AIG VALIC VALIC Financial Advisors, a member of American International Group, Inc. AIG, is an insurance corporation that specializes in tax-qualified retirement plans, supplemental tax-deferred and after-tax investments. VALIC's headquarters are in Houston, Texas. , and is a leader in asset management for the individual and institutional markets, with specialized investment management capabilities in equities, fixed income, alternative investments and real estate. AIG's common stock is listed on the New York Stock Exchange New York Stock Exchange (NYSE)
World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and ArcaEx, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.
Louis Casaletto (Member): Retiree Life Insurance 1/7/2011 12:51 PM
I have retiree life insurance but apparently have not named a beneficiary. Would like to do so. I called the benefits center but can't get a live person, only recordings telling me to go online to do this. What links do I use to name a beneficiary online? My e-mail address is: LouCasal@yahoo.com