First your monthly tax savings referred as your "Benefit Bank" is determined.This is the dollar amount you can use to purchase your qualified insurance benefits.
In determining how to best use your "Benefit Bank" towards obtaining qualified insurance benefits, we will want to acquire these benefits in order of importance/value to your specific needs.
Your "Benefit Bank" will first be used to obtain your Gap & Life insurance. Then, what remains of your "Benefit Bank" would be used to obtain Injury Benefit & Critical Illness supplemental coverage. Then what if anything, left in your "Benefit Bank" can be applied towards optional Dental Insurance.
Example of average benefit package
Benefit Bank
$160
This comes out of your tax savings, you're not paying extra for below benefits. This is what you use to obtain your benefits.
Gap Insurance
$70
This will pay your health insurance deductible and co-insurance
Life Insurance
$20
This is a required benefit.
Injury Benefit
$30
Pays up to $4,000 per injury
Critical Illness
$20
Pays out lump sum benefit after diagnoses of a critical illness
Dental Insurance
$20
Pays up to $2,000 annually
When you click on the Application you will pull up your life insurance application. Fill out your basic information in the blue fields. Once we receive your application we will complete it for you along with the rest of the benefits and send it back to you to review, approve, and sign. When reviewing we can customize your benefits to meet your specific needs.