GMAC Real Estate Announces Innovative Insurance Program for Real Estate Professionals.Partnership with HR Trust Gives Agents and Their Families Access to Affordable, Comprehensive Large-Group Insurance Programs OAK BROOK, Ill. -- Pledging to make health insurance more affordable and at the same time more comprehensive for its 22,000 agents and their families nationwide, GMAC Real Estate GMAC Real Estate is a real estate franchise company in the United States, with 1300 locations in North America, and more than 22,000 real estate agents. The company is a division of GMAC Home Services, part of the larger General Motors Acceptance Corporation, which provides (http://www.gmacrealestate.com) today unveiled the industry's most innovative large-group insurance program. Through a partnership with HR Trust, one of the nation's leading insurance brokers, GMAC Real Estate, through GMAC's Investment and Insurance Services division, is providing individual agents and their families access to the kind of comprehensive health, dental and vision coverage normally available only as part of large-group insurance plans. "For far too long, health insurance has been a financial thorn in the side of many real estate agents, and that just hasn't sat well with our company," said Lane Barnett, chief executive officer of GMAC Real Estate Franchise Operations. "Our new GMAC GMAC General Motors Acceptance Corporation GMAC Graduate Management Admission Council GMAC Give Me A Call GMAC Genetic Manipulation Advisory Committee GMAC Genetic Modification Advisory Committee (Singapore) GMAC Give Me A Chance Real Estate/HR Trust program is designed to let our agents tap into the benefits of true large-group health insurance coverage and benefits." Because real estate professionals generally work as independent proprietors, agents and brokers are often precluded from the benefits of group health insurance rates and benefits, which can be significantly less expensive than individual policies. Barnett said the new GMAC Real Estate/HR Trust program bridges that gap, enabling individual agents and their families to design custom health insurance programs by choosing from five affordable medical plans, including dental and vision coverage. Barnett explained that, to make it possible for agents to participate in the group insurance program, GMAC Real Estate and HR Trust created a unique arrangement through which participating agents belong, contractually, to a large corporation administered by HR Trust. In essence, HR Trust contracts with individual agents; as a contract employee, they are "assigned" to client businessCoin this case, their own real estate practice. As a contract employee with HR Trust, they have access to big-company group benefits. "It's a very innovative way to make competitive group rates and reasonable deductibles available to our agents," Barnett said. "The GMAC Real Estate/HR Trust program gives our agents access to outstanding, affordable insurance coverage, and it's a great way for them to protect themselves and their loved ones loved ones npl → seres mpl queridos loved ones npl → proches mpl et amis chers loved ones love npl while maintaining their business freedom and independence." About GMAC Home Services GMAC Home Services, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control is one of North America's largest real estate organizations, delivering its unique Premier Service business program to homebuyers and sellers through its four operating companies: GMAC Real Estate Franchised Offices; GMAC Real Estate Company Owned Offices; GHS GHS Globally Harmonized System (of Classification and Labeling of Chemicals) GHS Greenwich High School (Connecticut) GHS Green Hills Software, Inc. Mortgage, and GMAC Global Relocation Services Relocation services or "employee relocation" includes a range of internal business processes that are engaged to transfer employees (and often their families) or entire departments of a business to a new work location. . The GMAC Home Services' network has more than 1,300 franchised and owned residential real estate offices throughout 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. , Canada, Portugal and Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. and is a subsidiary of Residential Capital, LLC (ResCap), a leading real estate finance company, focused primarily on the residential real estate market in the United States, Canada, Europe and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . For more information about ResCap, visit http://www.rescapholdings.com. ResCap is an indirect wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of GMAC Financial Services (GMAC LLC). About HR Trust HR Trust has been providing large-group benefits to America's workforce since 2003. Starting with two desks and a simple vision of providing group medical benefits to independent professionals, HR Trust now occupies two floors in an Austin, Texas high-rise, and provides group benefits to businesses, associations, non-profits and independent professionals across America. |
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