Transition: there is change in the air.
Subject: Disability insurance
Pub Date: 07/01/2012
Publication: Name: West Virginia Medical Journal Publisher: West Virginia State Medical Association Audience: Academic Format: Magazine/Journal Subject: Health Copyright: COPYRIGHT 2012 West Virginia State Medical Association ISSN: 0043-3284
Issue: Date: July-August, 2012 Source Volume: 108 Source Issue: 4
Product: Product Code: 6323000 Income Loss Insurance; 9105313 Special Disability Insurance NAICS Code: 524114 Direct Health and Medical Insurance Carriers; 92313 Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs) SIC Code: 6321 Accident and health insurance
Accession Number: 310150694
Full Text: Disability Insurance Product Transition: Change of Company Name

In August of 2011, the West Virginia Medical Insurance Agency announced a preferred carrier relationship with Union Central Life Insurance Company which provided a 15% premium discount for members of the West Virginia State Medical Association should they purchase disability insurance through Union Central Life Insurance Company utilizing the West Virginia Medical Insurance Agency.


A change in carriers for this program has recently occurred. In the future disability insurance products written through Union Central Life Insurance Company will transition to being written by Ameritas Life Insurance Corporation (Ameritas Life). Both Union Central and Ameritas are subsidiaries of UNIFI Mutual Holding Company, and are rated A (Excellent) by A.M. Best Company; therefore, the result of this change is only cosmetic for clients of the West Virginia Medical Insurance Agency. The advertisement on the inside back cover introduces the new carrier's name: Ameritas Life Insurance Corporation (Ameritas Life). This visible change is the only change in our program, while the things you value the most remain unchanged:

1. The great team of professionals you work with remain unchanged.

2. The great key competitive coverage features you rely on remain unchanged.

3. The availability of the WVSMA/ WVMIA 15% membership premium discount for DI policies remains unchanged.

For questions about this change or questions about the West Virginia Medical Insurance Agency's WVSMA disability insurance product, please contact Steve Brown, agency manager, at 1-800-257-4747 ext 22 (304-925-0342 ext 22).

401K Marketing to Change to All Inclusive Retirement Planning

On Wednesday, March 21st, we were advised by The Hartford that as a result of their decision to "sharpen its focus on the property and casualty, group benefits, and mutual fund business" they will be pursuing sales or other strategic alternatives for Individual Life and Retirement Plans. The Hartford strategy is expected to take 12 to 18 months to implement. During this time the Agency will seek a new partner (carrier) for our preferred carrier retirement plan program.

We were surprised by The Hartford's announcement due to the significant role they had established in 401K business, but believe this will allow us to refine our offering of retirement planning and make it more attractive for WVSMA members.

Our relationship with The Hartford for property and casualty business (businessowners' and workers' compensation insurances) will be strengthened by this announcement, as The Hartford's focus will be more directed towards property and casualty business. In fact, The Hartford currently offers WC and BOP (businessowners policies) products very specifically designed for medical practices at very competitive pricing.

Should you have questions, please do not hesitate to contact Steve Brown, agency manager, at 1-800-2574747 ext 22 (304-925-0342 ext 22).


Web-Page Changes

Check us out on the WVMIA web page at or go direct to our link at

Although our web-page is new, we hope to be making numerous changes to it as new information is available. Please check us out and give us some feedback on what you want to see. E-mail Steve Brown, agency manager, at

EPLI Changes

In order to make their EPLI (Employment Practices Liability Insurance) offering more customer friendly, The Hartford has reduced minimum premiums by as much as 75%; created limits availability of up to $1,000,000 maximum and reduced the number of underwriting questions to quote higher limits.

Do you need EPLI? EPLI is essentially used to protect businesses against lawsuits by employees alleging specific employment related exposures such as sexual harassment, age discrimination, illegal retaliatory treatment of employees, negligent evaluation of employees and employment-related invasions of practice to name some.

For more information, call Steve Brown, agency manager, at 304-9250342 ext 22 or (1-800-257-4747 ext 22).
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