Missouri Voluntary Life Insurance Contractor
As the third-party administrator for the Missouri Voluntary Life Insurance Contractor (MoVLIC), McDaniel Hazley Group (MHG) works with State Departments, Commissions and Agencies offering Allstate's Universal Life Insurance (Allstate Workplace Division1) statewide.
Allstate Workplace Division1 universal life program is available to all State of Missouri employees and made available to employees in other Missouri public entities. For more information regarding the contingent guaranteed issue universal life product, contact us.
For more information regarding the contingent guaranteed issue universal life product, contact us.
What Is Universal Life Insurance?
A universal life plan builds fund value while providing flexible life insurance coverage to meet your changing needs. Premium payments are adjustable, as is the amount of insurance coverage you select. Fund value accumulations are tax-deferred and earn a competitive rate of interest. Cost of insurance charges and expense charges are deducted each month.
How does Universal Life Insurance Compare with Term Life Insurance?
Universal life gives you the security of term life insurance with the added advantage of flexibility. You can choose to change the face amount of your insurance (subject to evidence of insurability), or decrease, skip or even stop your premium payments as long as there is sufficient fund value to cover your premium. These options available to you through universal life insurance may make it the last life insurance policy you’ll ever need.
What Company Insures the Plan?
American Heritage Life Insurance Company is a wholly-owned subsidiary of The Allstate Corporation, one of the largest insurance companies in the nation. American Heritage Life Insurance Company is rated “A+” (Superior) by A.M. Best (2005), an independent rating service that reviews the financial status of thousands of insurers. Ratings reflect Best’s opinion of the relative financial strengths and operating performance of an insurance company compared to the life/health insurance industry norms.
Eligibility
Who is Eligible to Apply for Universal Life Insurance Coverage?
As long as you are an active employee working at least 20 hours per week at the time of enrollment, you are eligible to apply for coverage.
Is my Family Eligible for Coverage?
Yes. You can apply for coverage for your spouse, children and grandchildren even if you don’t purchase coverage for your own life.
Is a Physical Exam Required?
Physical exams are not required for yourself or any family members under the normal underwriting guidelines.
Allstate Workplace Division
The Allstate Workplace Division is the marketing name for American Heritage Life Insurance Company, a wholly-owned subsidiary of The Allstate Corporation.
