To help meet the needs of mid-sized companies -- and the employee benefits brokers and consultants who serve them -- Liberty Mutual Insurance has introduced the Benefits Select product line. Benefits Select is a suite of cost-effective group disability products designed to help employers attract and retain employees while watching the bottom line.
"Our goal with the Benefits Select product is to provide affordable benefits backed by our exceptional customer service and claim management," notes Jean Scarrow, chief operating officer, Liberty Mutual Insurance's Group Benefits unit. "We offer the same level of case management as in our high-end customized products. Benefits Select offers solid group disability products, balanced with a standard plan design that allows a lower price point." ??Benefits Select features two complementary group products. The first is an administrative services only short-term disability product. The second is a fully insured long-term disability product. Taken together, the Benefits Select suite provides:
• Flexible funding options
• Alternate plan designs
• Secure online tools for employees and employers to file and manage claims
• Effective clinical management
"The addition of Benefits Select allows benefits brokers and consultants to better meet the needs of their clients," notes Scarrow. "Some -- particularly those in the middle-market -- want the savings provided by the cost-effective, standardized plan design of Benefits Select, while others require higher levels of customization and flexibility to meet the needs of their employees. In any event, without exception, all of our customers benefit from our unparalleled clinical management protocols and return to work focus."
More information on Liberty Mutual Insurance's Benefits Select products is available at www.libertymutualgroup.com/groupdi.
About Liberty Mutual Insurance
"Helping people live safer, more secure lives" since 1912, Boston-based Liberty Mutual Insurance is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on A.M. Best Company's report of 2010 net written premium.
Liberty Mutual Insurance also ranks 82nd on the Fortune 100 list of largest corporations in the U.S. based on 2010 revenue. As of December 31, 2010, Liberty Mutual Insurance had $112.4 billion in consolidated assets, $95.4 billion in consolidated liabilities, and $33.2 billion in annual consolidated revenue.