Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
STUDIO CITY, Calif., Nov. 16, 2012 /PRNewswire/ --SeeChange Health Insurance, www.SeeChangeHealth.com, one of the nation's newest and most innovative health plans and a leader in providing value-based benefit plans to small and mid-sized employers, announced a partnership with United Heritage Life Insurance Company, which has offered a strong portfolio of life and other products to businesses since 1934, to make group term life insurance policies available alongside its group medical plans in California and Colorado beginning November 16.
"This collaboration enables employers using SeeChange Health's medical plans to improve the health and wellbeing of their workforce to also deliver the added protection of life coverage through a single bill," said Alan Katz, Executive Vice President of SeeChange Health. "We're delighted to team up with a market leader like United Heritage."
Shane Nelson, Vice President, Group at United Heritage Life, noted, "We're delighted to be partnering with SeeChange Health Insurance. Their unique approach to medical coverage promotes health and wellness. Our group term life coverage promotes peace of mind. It's a natural combination."
SeeChange Health Insurance will begin offering the United Heritage group term life product to new and existing clients on November 16, 2012. All life policies will be guaranteed issued for up to $50,000 of coverage so long as the group is enrolled in one of SeeChange Health's medical plans. The group policies include accidental death and dismemberment (AD&D) coverage, waiver of premium, and may be converted to an individual policy. More information, including exclusions and limitations, are available from appointed brokers or at www.SeeChangeHealth.com.
About SeeChange Health
SeeChange Health delivers plans, technology and services aimed at creating better health for employees, increasing workforce productivity, and lowering overall health care costs by encouraging individuals to play an active role in managing their health to prevent, detect and treat serious health conditions. Its SeeChange Health Insurance division provides value-based benefit plans to fully insured employer groups in California and Colorado. For more information please visit www.SeeChangeHealth.com.
About United Heritage Insurance
United Heritage Life Insurance Company (A.M Best rated A-, Excellent) offers a strong portfolio of products in 38 states and the District of Columbia. For more information please visit http://www.unitedheritage.com
Paulo da Costa
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SOURCE SeeChange Health