Boston mutual life insurance company
The company was founded in 1891. It has withstood the changes of times and is one of the few companies founded in the 1800 to be still active. The company boasts of over 1 million policy holders. It is confident of servicing for another 100 years to its policy holders. The main motto of the boston mutual life insurance company is Service Value and Integrity.
SERVICE
The boston mutual life insurance company has a team of professional and a very knowledgeable staff who are capable of providing superior service to its policy holders and who can offer policies at a very competitive rate and can settle the claims at a reasonably quick time with due consideration to the policy holders.
VALUE
The boston mutual life insurance company believes in offering an array of products to the value of its policy holders and employees.
INTEGRETIY
The company is sitting on a strong foundation of assets with a well planned approach and good amount of surplus funds.
BENEFITS OFFERED
The following are the list of benefits offered by the company.
Flexible benefit schedules.
Generous guarantee issue amounts.
Multi year rate guarantees.
Easily attainable participation requirements.
Fully portable for employees and dependants.
Integrated policy provisions with Basic group and voluntary.
Bereavement counselling.
Package or Stand alone.
Custom designed plans for larger groups.
Term life insurance plans.
Accidental death and dismemberment insurance.
It offers the following benefits.
24 hour coverage.
Education benefit.
Seat belt benefit.
Repatriation of remains benefit.
Types of Coverage
The company offers coverage under broad heads.
Disability
Disability is classified as SHORT TERM, LONG TERM AND VOLUNTARY LONG TERM DISABILITY.
Short term has the following coverages
Stand alone or integrated coverage.
Multi year rate guarantees.
Accomodating benefit schedules.
Flexible benefit periods and maximums.
Plans in excess of state mandated benefits available.
On line work life solutions.
Long term offers the following benefits:
Stand alone or integrated coverage.
Flexible benefit percentages, Elimination periods and maximums.
Multi year rate guarantees.
Employee buy up programs.
Supplemental disability benefit.
Retirement protector.
Online work life solutions.
Benefits under voluntary long term disablity
No employer contribution required.
Available stand alone.
Flexible benefit options.
Comprehensive plan design.
2 year rate guarantees.
Dental insurance is broadly classified into two categories
DENTAL PROGRAMS AND SMALL GROUP DENTAL
Dental programs offers the following
No employer contribution required.
Easily attainable participation requirements.
Freedom to choose dentists.
Annual open enrollment periods.
High low employee choice plans.
Multi year rate guarantees.
Small group dentals benefits
Employer contribution is not required.
It is available to employees working for a minimum of 15 hours a week.
Allowed to choose the dentist of choice.
Dependants are covered.
Benefits are immediate.
Take over credit available.
More products and services
Small group comprises OF 2-9 employees
LIFE
STD
LTD
DENTAL
Only administrative services.
Claim payments for short-term disability and adjudication.
Assistance program for employees.
Employers vision trust.
Program for Account holders and Members.
Marketing programs on a large scale.
Travel accident coverages for business people.
Reimbursement of medical expenses.
There are various forms to be used for different kind of services. Following are some of them.
Group claim formsS.
Individual claim forms.
Apart from the claim forms various forms are available for administrative purpose.
Listed below are some of them.
Group enrollment
Evidence of insurability
Conversion
Portability
Group Insurance request for change
Group Insurance Certificate change form
Group Insurance self administration premum report
Group enrollment has the following details to be completed
Each participant must complete the form while enrolling with Boston Mutual group insurance plan with the following information.
Group Number
Division Number
Policy holder name
Date of Hire
State
Occupation
Salary type
Average working hours per week.
Identification of the department.
The following information must be provided by the employee and the completed form should be returned to the Plan Administrator.
Social security number
Name
Sex
Name of beneficiary
Date of birth
If coverage is offered to the dependant spouse name and date of birth must be given in the form.
After the form is completed in all respects one copy should be maintained by the employer and the employee with the original form sent to the boston mutual life insurance company for processing.
If there are additional coverages more copies need to be taken and forwarded to the respective administrator.
Insurance Refusal
The plan administrator has the responsibility to inform about the coverages to the participants who fall under the group plan.
The policy holders must also be informed about other features which they are eligible.
An eligible individual who is not willing to take the additional feature should complete the INSURANCE REFUSAL FORM.
The completed forms are to be mailed to the following address.
Boston mutual Life Insurance
Client Services
120 Royall Street
Canton MA 02021
With its wide range of products and services, knowledgeable and loyal employees backed by its strong financial foundation ' BOSTON MUTUAL LIFE INSURANCE COMPANY IS HEADING FOR ANOTHER CENTURY OF EXISTENCE'.
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