Albany, New York: February 17, 2018

Do you have contractor clients or prospects that bid on government projects – federal, state or local?  Most likely those employers are subject to the provisions of the Davis-Bacon Act, Service Contract Act or select Taft-Hartley groups with available benefit funds.

If yes, Inventavis wants you to read further about an exciting new offering.

In conjunction with MassMutual (A++ rated by A.M. Best) and Fringe Assist, we are pleased to announce the first and only program that allows employers to utilize a Group Participating Whole Life product to satisfy the “bonafide” employee benefit requirements of these regulatory statutes.

Here are some key features:

  • Employer-paid premiums using Health and Welfare dollars to provide the benefit
  • Premiums range from $50 – $450 per employee per month
  • Death benefits up to $500,000
  • All coverage is guarantee issue
  • Premiums, death benefits and cash value increases of 4.5% are guaranteed—and, the policy is eligible for dividends at the current rate of 6.4%
  • Coverage is fully portable at termination of employment with no change in premium or benefits

This is a win for everyone – the agent, the employer and the employee.

As an agent, be the first to offer a targeted product that does not exist in the prevailing wage market today. And do it in a manner that generates significant financial opportunity for you—strong first year commissions and a residual commission year two—without the need to disturb existing plans and relationships.

For employers, the tax savings generated by providing a “bonafide” employee benefit enable plan sponsors to bid more competitively while simultaneously providing a meaningful benefit that will aid in attracting and retaining top talent.

The employee and their family benefits as well via greatly enhanced long-term financial security and avoiding the risks associated with over-reliance on group or individual term insurance.

Inventavis can assist you in developing an offering while educating you and your team on the nuances of the program—please contact us if you have any questions!

About Inventavis

Inventavis is an innovative consulting and distribution company. It offers expert strategic guidance on a variety of business elements including new customer markets, programs, technology, services and products for the Life and Health industry.

Inventavis was formed by two leading health industry executives with over 65 years of combined experience and a long track record of success. Inventavis has offices in New York and California to service customers across the US and internationally.

For more information contact – smanzelli@inventavis.com or 518.419.2452.