Client-Administered
Carrier-Administered
Insured
Supplemental Life
Third Party Administrator (TPA)
Coverage Effective Date
Basic Life
Client
The date on which coverage becomes in force.
Securian (the carrier) is the ‘record keeper’ of the insured profiles and coverage information. Also known as Home Office Administered.
Coverage that is automatic with employment and paid for by the employer.
Optional coverage that must be elected/applied for; employee is responsible for paying the premiums.
The employer who offers insurance policies to its employees.
The client is the ‘record keeper’ of the insured profiles and coverage information. Also known as Self-Administered.
The individual person covered by the insurance.
An outside vendor clients may choose to hire to handle their benefit administration.