Allied Administrators has added AXA Life/AD&D and Disability products to the Allied Benefit Suite (ABS). Unum will no longer be available through the ABS.
AXA will offer flat Life/AD&D amounts of $15,000, $25,000, or $50,000. A $100,000 flat benefit can be quoted for groups with 50-99 employees. Rates are based on group size and are uniform per $1,000 benefits. Current Life/AD&D rates are:
- <10 EEs = $0.30/$1000 Life & $0.03/$1000 AD&D
- 10-49 EEs = $0.16/$1000 Life & $0.03/$1000 AD&D
- 50-99 EEs = $0.13/$1000 Life & $0.03/$1000 AD&D
Long Term Disability
AXA LTD can only be sold in conjunction with an AXA Life product. AXA requires a company to be in business for 2 years to be eligible for Disability coverage.
LTD plan options include up to 60% income replacement with the maximum benefit up to $10,000 per month.
Broker commissions on AXA products are a flat 10%.
The change is effective immediately. AXA’s Life/AD&D plans and rates are being loaded into bpQuote and will be available shortly. Please request a Disability quote from your B&P Sales Team and we will return the quote within 3 to 5 business days.
For questions, please contact a member of your B&P Sales Team – 888.722.3373.