A new product designed to meet the needs of attorneys and their families has been introduced by Minnesota Life Insurance Company. The new products are provided to law firms nationwide through the American Bar Insurance Plans Consultants, Inc.
Deemed, “Unique Group Life Solutions,” the ABI-sponsored program will provide a range of customized group life plans for American Bar Association (ABA) member law firms.
“The ABI leverages the membership of the American Bar Association to develop exclusive insurance programs for ABA members,” said Tom Norris, CEO, ABI. “We have partnered with Minnesota Life to develop Unique Group Life Solutions, a price-sensitive, tax-advantaged group life program for all ABA member firms with 50 or more attorneys.”
The group life insurance program is available to ABA-member law firms in all 50 states and has been endorsed by the boards of directors of the American Bar Insurance Plans and the Association of Legal Administrators. The program includes: variable group universal life insurance; group universal life insurance; group term insurance; and coverage for spouses and children.
Minnesota Life, a subsidiary of Securian Financial Group, offers self-managed, web-based group life insurance plans that employers and employees alike can administer coverage on line at their convenience.
Minnesota Life has been in the group life insurance business nearly 90 years. It is the fastest-growing group life insurer in the nation, rising from sixteenth largest in 1997 to sixth in 2004, with nearly $400 billion of group coverage in force.
Source: Minnesota Life Insurance Company
Topics Minnesota
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