AMAC and Security Mutual Life Insurance Company of New York understand how hard it is to run a small business today.
We Can Relate To Your Constant Need To...
Grow your sales and revenues
Control your expenses
Keep track of ever-changing and ever-increasing government regulations
Find and keep good quality employees
While we can’t help you with every challenge you face in running your business, we can help you attract and retain quality employees. How? By providing them—and their families—help with financial security that comes with being covered by a Group Life and Accidental Death & Dismemberment (AD&D) policy through Security Mutual Life in association with AMAC. Claim proceeds can provide:
Money for the unexpected expenses that often come with the loss of a loved one
Help with financial security during a transition period
Help in paying the mortgage or other ongoing expenses
Help in paying a child’s educational expenses
Protecting your employees and their families couldn’t be easier! Simply click the link above and give us some basic information about your business and your employees. All quotes come with no obligation, so find out how affordable this program from AMAC and Security Mutual really is!
Benefits available under this AMAC program include:
Guaranteed issue for all eligible employees and dependents
Choices in amounts of employee Life and AD&D coverages ranging from $10,000 to $40,000 in $10,000 increments
Optional Life-Only benefits for Spouse and Children:
Spouse – $5,000
Children – $2,000 ($400 for children under 6 months of age.) Coverage is available for children from 15 days to age 19; age 25 if child is a full-time student
Plans are comprehensive yet simple:
All employees must receive the same amount of coverage (Age reductions may apply)
ADEA* life insurance amount reductions apply to your pre-determined amount of insurance based on age:
At age 65 your insurance coverage reduces to 65%
At age 70 your insurance coverage reduces to 40%
At age 75 your insurance coverage reduces to 25%
Dependent insurance coverage terminates at age 70
The plan must be sponsored by and 100% paid for by the employer
All employees under the program must work at least 20 hours per week
All employees must have been employed for at least 2 months
Accidental Death & Dismemberment (AD&D) terminates at age 70
Accidental Death and Dismemberment Insurance (AD&D) is available for employees only and terminates at age 70. AD&D is a form of insurance covering death or specific types of bodily injury as a result of an accident. In the event of accidental death, this insurance will pay benefits in addition to the base life insurance benefit. The loss must occur within 90 days after the date of the bodily injury. Accidental Death and Dismemberment Insurance under the policy is not in lieu of and does not affect requirement for coverage by Workers’ Compensation insurance.
Group Life and Accidental Death and Dismemberment insurance coverage underwritten by Security Mutual Life Insurance Company of New York, Binghamton, New York. This information is only a general outline of the benefits, limitations and exclusions of the Group Policy issued to the employer. More detailed information can be found in the Group Policy. Coverage is subject to the terms, conditions and provisions of the Group Policy as issued. If any information herein conflicts with the provisions of the Group Policy, the terms of the Group Policy will control.
The Company’s Group plans have exclusions, limitations, reductions and terms under which coverage may be continued in force or discontinued. For complete details of coverages, please consult Security Mutual’s Home Office in Binghamton, New York.
Industry and underwriting restrictions may apply. Product availability, features, benefits and options may vary by state.
Security Mutual Life Insurance Company of New York reserves the right to accept or reject any case based on its current underwriting practices as allowed by state statutes. Statements made in the participating employer’s application may be used to decline the group for coverage(s). This is not a contract or an offer to contract.
Rosemark Advisors is the agent of record.
Copyright 2015, Security Mutual Life Insurance Company of New York, 100 Court Street, Binghamton, NY 13902. All rights reserved.
Policy Form No. SML-GRP
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