New Partner to Provide Members with Comprehensive Insurance Benefits
The AIA Trust is pleased to announce its new partnership with AGIA, Association Group Insurance Administrators, through which the AIA Trust now offers a comprehensive package of life, disability and health-related insurance benefits to its members.
AGIA, a leader in association insurance administration for more than 50 years is endorsed by the AIA Trust and offers comprehensive benefits such as Term Life, Business Overhead Disability, Disability Income, and Firm Term Life & Disability Insurance—to name a few. Through the combined buying power of AIA membership, these benefit plans are available at affordable group rates.
Also available to AIA members are health insurance information and access to free online quotes, price and benefits comparisons, from A-rated insurance carriers and providers across the country – making it easier to find affordable health coverage for members and their families and small firms.
If you have questions before purchasing insurance, AGIA and the AIA Trust are here to help get you answers. Some of the more frequently asked questions are:
Why do I need Life Insurance?
Term life insurance provides coverage to safeguard your family’s financial future. Proceeds can be used to pay mortgages and other debts, fund your children’s college education, cover “key person” term life insurance, care for aging parents and your family’s many other needs.
Life insurance is primarily for the loved ones we leave behind. How much annual income will your family need to continue their lifestyle when you are no longer with them? To determine how much life insurance you need, consider the following expenses:
- Immediate expenses such as burial costs, medical payments, estate tax settlements etc.?
- Continuing mortgage payments, car payments, real estate taxes, college tuition, and daily living expenses such as food, clothing, traveling etc.?
- The other annual expenses you cover?
How do I obtain life insurance for my employees?
If you have 10 or more employees who participate in this plan, they are all eligible for guaranteed acceptance for a benefit amount up to $50,000 per employee. In most cases, your firm can deduct this coverage as a business expense, provided your firm pays your employees’ premiums (consult your firm’s tax advisor for more details). Your employees can contribute up to 75 percent of the cost of their premiums if your firm has four or more employees and 75 percent of them participate in this plan.
Why do I need disability insurance and what types are offered?
Statistics indicate that 40% of those aged 45 and older will have a disability lasting longer than 90 days during their career, with 87% due to illness and 13% due to accident. How many of those people must go without income to cover their expenses? Disability is not planned, so the Trust offers both Disability Income Insurance to cover your personal expenses such as mortgage or rent and groceries, and Business Overhead Disability Insurance to cover your office expenses such as rent, salaries, and leasing. In addition, the Trust now offers firm disability coverage. With a variety of waiting periods/benefits to choose from, you can obtain the coverage that best fits your needs – to keep you functioning until you’re back on your feet
Why do I need Accident Insurance?
Accidents happen! They occur suddenly and unexpectedly. If you should suffer an accident resulting in the loss of life, limb, or faculty, would your family have the financial help it needs? Help protect yourself and your family against the unexpected with affordable accident coverage. The AIA Trust Accidental Death and Dismemberment Plan provides worldwide, 24-hour-a-day protection.
To find answers to more questions, learn more about the AIA Trust’s new partnership with AGIA, and to enroll in an insurance program, visit www.TheAIATrust.com or call 1-866-768-1075.