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Important Information about SecureScript:

  • No experience underwriting on groups up to 150 employees.
  • Employer must have a medical plan in place to participate.
  • Only employees (and their covered dependents) who are participating with employer’s medical plan can participate.
  • Four Specific Plan Designs.
  • Rates guaranteed for 12 months (based upon census).

Agent Information:

  • Agent must be licensed in the state of Michigan for Life and Health Insurance, and provide copies of these licenses to SecureOne Benefit Administrators, Inc.
  • Agent must become appointed with Fidelity Security Life Insurance Company (agent pays licensing fee). Click here (88KB PDF) for a link to the FSL Agent Application.
  • Agent must have a current E & O policy with a minimum of $200,000 coverage, and provide a copy of the policy to SecureOne Benefit Administrators, Inc. annually.
Commissions:                  
Plan First Year Renewal
Generic Only Program10%12%
All Other Programs7%10%

Administration:

  • Monthly billing fee of $10.
  • Premiums due first of the month.
  • Additions/Terminations must be furnished the day the event occurs.
  • Waiting periods for SecureScript will coincide with the current medical coverage requirements.
  • Number of hours required for full-time for SecureScript will coincide with the Employer’s group medical plan.
  • A $100 fee will be charged for non-sufficient funds of a premium check.
  • $10 per employee charge with a minimum of $100 reinstatement fee.

 

 

Underwritten by Fidelity Security Life Insurance Company, Kansas City, MO

 



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