Insurance Programs / Retirement Plans

Interest Sensitive Whole Life Insurance Product:  The Boston Mutual interest sensitive whole life insurance product is a policy offering permanent protection with guaranteed premiums, cash values and death benefits.  The policy has guaranteed level premiums payable to age 95.  This policy is available with optional riders for waiver of premium, accidental death benefits, disability income, children’s insurance, insured level term to age 65, accelerated benefit option, and security plus/critical illness accelerated benefits option.

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Voluntary Disability Product:  The Boston Mutual Worksite disability product, the Employee Disability Option (“>EDO”), is a voluntary group disability product available only to the actively at work employees of client accounts.  It features elimination periods of 0 days to 2 years, and benefit periods from 30 days up to 5 years.  Coverage is restricted to non-occupational disabilities.  This product is underwritten by American Fidelity Assurance Corporation.

Universal Life:  The ING Employee Benefits’ universal life insurance product is a cost-effective method of providing permanent life insurance during a person’s working years as well as during post-retirement.  Premium payments can be modified to accomplish personal financial objectives and cash values are credited with current interest rates. 

Accident:  ING Employee Benefits’ accident insurance provides additional cash payments to cover the costs and expenses resulting from an accident.  Payments are made directly to the policy owner and can be used to offset hospital and doctor costs, lost time at work, co-payments, and deductibles.

Critical Illness:  Certain illnesses can be diagnosed unexpectedly and may create an unforeseen financial impact for employees and their families.  ING Employee Benefits’ critical illness coverage pays an immediate, one-time, lump-sum (ranging from $5,000 to $100,000) benefit following the diagnosis of one of several specified diseases.