Disability Bits: Hartford, Guardian and more
By National Underwriter
By Allison Bell
Hartford (NYSE:HIG) says expanding sales of voluntary disability insurance and other voluntary benefits is a "key growth strategy" for the company.
The company is working with Selerix Systems to set up an electronic system that groups with 50 or more employees can use to enroll employees in non-Hartford benefits along with Hartford benefits.
Hartford service teams will still handle medical underwriting.
Hartford also has added regional sales executives to support brokers and employers, and it has named national practice leads to provide case-level consulting for complex cases.
The company also is making a new disability benefits customization program available to employers with more than 1,000 employees. The company began offering the benefits customization feature to employers with 50 to 999 employees in January. The feature lets employees to choose the amount, timing and duration of disability benefits streams.
In other disability insurance news:
- Guardian Life Insurance Company of America has worked with Reed Group, a company it acquired earlier this year, to set up an absence management program.
The program can serve both large and small employers, and it can help those employers oversee a wide variety of leave programs, such as federal Family and Medical Leave Act (FMLA) leave, as well as disability-related leave and other types of leave, Guardian said.
- FastTrack RTW has updated a tool that helps disability insurers apply policy provisions that waive premiums for certain insureds, such as insureds who are getting disability benefits.
The updated version can help an insurer find and waive premiums for insureds who fall into different claimant categories, including claimants who are unable work in their own occupation, claimants who are unable to work in their own occupation or related occupations, and claimants who are unable to work in any occupation.
Originally published on LifeHealthPro.com