Kansas City Life - Defined Contribution Plan
FOR GROUPS WITH 5-99 FULL-TIME EMPLOYEES
The Defined Contribution Plan offers unique underwriting in a buffet-style offering that is appealing to most small employer groups. In exchange for a small contribution from the employer of $15, $30, or $50 for each eligible employee, the Defined Contribution Plan will allow guaranteed-issue underwriting with minimal participation requirements into each of the following group insurance products:
BASIC LIFE*
VOLUNTARY LIFE
VOLUNTARTY SHORT-TERM DISABILITY
VOLUNTARY LONG-TERM DISABILITY*
VOLUNTARY DENTAL
VOLUNTARY VISION
*1) Basic Life requires 100% participation if offered
2) LTD requires 2+ participants and can only be offered to groups with 10+ employees
Each benefit option within the Defined Contribution Platform is standalone with no participation requirements, other than what is stated. The employer can choose to offer one or more portions of the plan to go alongside other benefit offerings.
On the portions dealing with Dental, Short-Term Disability, Long-Term Disability, and Vision plans, the employer chooses the benefit level from among those quoted to offer employees.
Defined Contribution Plan quoted rates are all shelf-rated and will vary depending on the employer contribution, the employer's standard industry classification (SIC), and their state of residence.
To access the Defined Contribution group quote page, please click on the following link:
DC GROUP QUOTES
The Defined Contribution Plan offers unique underwriting in a buffet-style offering that is appealing to most small employer groups. In exchange for a small contribution from the employer of $15, $30, or $50 for each eligible employee, the Defined Contribution Plan will allow guaranteed-issue underwriting with minimal participation requirements into each of the following group insurance products:
BASIC LIFE*
VOLUNTARY LIFE
VOLUNTARTY SHORT-TERM DISABILITY
VOLUNTARY LONG-TERM DISABILITY*
VOLUNTARY DENTAL
VOLUNTARY VISION
*1) Basic Life requires 100% participation if offered
2) LTD requires 2+ participants and can only be offered to groups with 10+ employees
Each benefit option within the Defined Contribution Platform is standalone with no participation requirements, other than what is stated. The employer can choose to offer one or more portions of the plan to go alongside other benefit offerings.
On the portions dealing with Dental, Short-Term Disability, Long-Term Disability, and Vision plans, the employer chooses the benefit level from among those quoted to offer employees.
Defined Contribution Plan quoted rates are all shelf-rated and will vary depending on the employer contribution, the employer's standard industry classification (SIC), and their state of residence.
To access the Defined Contribution group quote page, please click on the following link:
DC GROUP QUOTES
For Additional Information, Click The Links Below: