Why you should consider MRA's life insurance plan

As a business owner you have numerous opportunities to purchase life insurance. Your automobile or homeowners agent may now be selling life, your college alumni association may have a group plan or you can search the Internet to find attractive life insurance plans. You may even already have a life insurance agent.

With so many options, why should you consider the MRA Life plan to help you fulfill some or all of your life insurance needs?

A big advantage of the MRA plan is guaranteed-issue coverage. Even a sole proprietorship with only one employee can obtain $10,000 of life insurance on a guaranteed-issue basis—that means no health questions or examinations. If you select supplemental life insurance, Unimerica provides another $10,000 of life insurance without evidence of insurability.

For larger businesses, if two or more full-time employees sign up for life insurance, each employee receives $25,000 of guaranteed-issue life insurance, with the same offering of $10,000 of guaranteed-issue supplemental life insurance. Of course, higher amounts of coverage are available with evidence of insurability, and the process is streamlined and simple.

Some life insurance plans offer very attractive rates, but the “fine print” mentions that the rates quoted assume the individual purchases a minimum of $100,000 or even $250,000 of coverage. In contrast, the MRA rates are the same—per $1,000 of coverage—whether you sign up for $10,000, $100,000 or more.

The cost of coverage is very important, and some plans offer a low cost but require that the whole annual premium be paid up front. If the applicant wants to pay on a monthly or quarterly basis, there is a surcharge—so that, for example, the monthly premium may be 10 or 15 percent higher than the equivalent annual premium. MRA sends billings monthly, which makes budgeting much easier.

Probably the most important reason to consider the MRA life insurance plan is that MRA sponsors and recommends this program. It was selected by means of a thorough review process that considered many programs. The new plan offered by Unimerica offers a fine combination of benefit flexibility and low prices.

Service is also very important, and when you buy the MRA life insurance plan and later call with a question, you don’t have to worry about being trapped in a long and confusing menu of voice-response options. Instead, your call is answered promptly and you speak with a customer service representative you may already know from previous conversations.

Flexibility in benefit choices, guaranteed-issue coverage, competitive prices and top-notch customer service are all reasons to consider the MRA life insurance plan. Please call MRA’s Linda Pollock (formerly Linda Cook) at 800.366.3699 to obtain a quote.

Do you have a question about group life and disability insurance? Contact “Ask Joe” in writing at 603 South Washington Avenue, Lansing, MI 48933, or by fax at 517.372.1303 or by email at abuttery@retailers.com.