Work-site marketing: filling a need for employers and employees.USAble (pronounced U-S-Able) Life continues to grow and find a niche among the insurance community where it provides supplemental health and life benefits to groups, and to individuals on a payroll deduction basis. Currently, USAble Life insures over 300,000 Arkansans - over 22 percent of Arkansas' work force.
Insuring more than one of every five employees makes USAble Life Arkansas' largest domestic group life insurance company. A subsidiary of Arkansas Blue Cross and Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. (An Independent Licensee of The Blue Cross and Blue Shield Association
"USAble Life's growth has been highly successful over the past 14 years," said Jim House, USAble Life president and chief executive officer. In 1994 USAble Life's insurance in force increased to $3.8 billion, and the company again earned an "A" (Excellent) rating from the A.M. Best Company. Furthermore, the company has built a strong financial base with over $29 million in surplus funds Surplus funds
Cash flow available after payment of taxes in a project. . USAble Life's premium income increased by over 20 percent during 1994 while retained earnings Retained Earnings
The percentage of net earnings not paid out in dividends, but retained by the company to be reinvested in its core business or to pay debt. It is recorded under shareholders equity on the balance sheet. increased by 15 percent.
"We have expanded our optional products to accommodate new opportunities presented with the use of work-site marketing," said House.
USAble Life also offers cafeteria plan Cafeteria Plan
An employee benefit plan that allows staff to choose from a variety of benefits to formulate a plan that best suits their needs.
Also known as "cafeteria employee benefit plan" or "flexible benefit plan". administration as permitted through Section 125 of the Internal Revenue Code The Internal Revenue Code is the body of law that codifies all federal tax laws, including income, estate, gift, excise, alcohol, tobacco, and employment taxes. These laws constitute title 26 of the U.S. Code (26 U.S.C.A. § 1 et seq. , allowing employees to pay for certain benefits with pre-tax dollars. These programs result in savings for both the employee and employer.
Other USAble Life product lines include:
* Group Term Life and Accidental Death and Disability
* Group Long Term Disability
* Group Short Term Disability
* Universal Life
* Voluntary Group Life
* Hospital Indemnity Plans
* Cancer Coverage
* Life Insurance for Seniors
* Organ Transplant organ transplant: see transplantation, medical. Coverage
* Cafeteria Plan Administration
"With an emphasis on voluntary payroll deduction programs and employee selection of benefits, USAble Life has marketing and enrollment teams constantly on the road," House said. "These teams assist employers and individuals in cafeteria plan enrollments and in understanding every product we offer so they can more appropriately choose those products that fill their immediate and long term needs."
USAble Life is licensed to sell in 15 states and Puerto Rico. As a part of USAble's expansion plans, it recently began joint projects with Blue Cross Blue Shield plans in Hawaii, North Dakota and Iowa. Additional USAble Life sales offices are located in Jackson, Mississippi; Baton Rouge, Louisiana For the Canadian restaurant, see .
Baton Rouge (from the French bâton rouge), pronounced /ˈbætn ˈɹuːʒ/ in English, and ; and Nashville, Tennessee.