Methodology and Disclosures
The Employee Retirement Income Security Act requires a plan administrator to furnish plan documents on written request. The operative provision, 29 U.S.C. 1024(b)(4), reaches further than most people assume:
The census
This report draws on a census of the 2,912 financial services employers that filed a Form 5500 disclosing group long-term disability coverage with the Department of Labor for the most recently disclosed plan year. Filings were joined by employer name, standard industrial classification, and named insurance carrier. Where an employer filed more than one long-term disability contract in the same plan year, the contract carrying the larger covered population was used.
The plan documnets
This report draws on a census of the 2,912 financial services employers that filed a Form 5500 disclosing group long-term disability coverage with the Department of Labor for the most recently disclosed plan year. Filings were joined by employer name, standard industrial classification, and named insurance carrier. Where an employer filed more than one long-term disability contract in the same plan year, the contract carrying the larger covered population was used.
The interviews
Three interviews inform this report. Each subject was told plainly, before the interview began, that this publication is affiliated with a disability insurance brokerage, and each was interviewed for professional judgment rather than for a specific transaction. Quotations are lightly edited for length and clarity; no quotation has been altered in a way that changes its meaning.
Machine assistance
Three interviews inform this report. Each subject was told plainly, before the interview began, that this publication is affiliated with a disability insurance brokerage, and each was interviewed for professional judgment rather than for a specific transaction. Quotations are lightly edited for length and clarity; no quotation has been altered in a way that changes its meaning.
Disclosures
This report is published by KF Financial, D/B/A Set for Life Insurance, a licensed insurance producer. Every interview subject named in this report was told, before the interview, that this publication is affiliated with a disability insurance brokerage.
Disclaimer
This report is provided for informational purposes only. It is not an offer or solicitation to buy or sell any insurance product, and it does not constitute financial, legal, or tax advice. Figures are reported as filed for the most recently disclosed plan year and are not independently guaranteed; coverage terms vary by carrier, by employer, and by state, and no coverage is issued except after individual underwriting. Statements by interview subjects are their own views and are not endorsed by KF Financial, D/B/A Set for Life Insurance. This publication is not affiliated with the U.S. Department of Labor or the Social Security Administration. Corrections may be sent to 26 Broadway, 3rd Floor, New York, NY 10004.
The Employee Retirement Income Security Act requires a plan administrator to furnish plan documents on written request. The operative provision, 29 U.S.C. 1024(b)(4), reaches further than most people assume:
The census
This report draws on a census of the 2,912 financial services employers that filed a Form 5500 disclosing group long-term disability coverage with the Department of Labor for the most recently disclosed plan year. Filings were joined by employer name, standard industrial classification, and named insurance carrier. Where an employer filed more than one long-term disability contract in the same plan year, the contract carrying the larger covered population was used.
The plan documnets
This report draws on a census of the 2,912 financial services employers that filed a Form 5500 disclosing group long-term disability coverage with the Department of Labor for the most recently disclosed plan year. Filings were joined by employer name, standard industrial classification, and named insurance carrier. Where an employer filed more than one long-term disability contract in the same plan year, the contract carrying the larger covered population was used.
The interviews
Three interviews inform this report. Each subject was told plainly, before the interview began, that this publication is affiliated with a disability insurance brokerage, and each was interviewed for professional judgment rather than for a specific transaction. Quotations are lightly edited for length and clarity; no quotation has been altered in a way that changes its meaning.
Machine assistance
Three interviews inform this report. Each subject was told plainly, before the interview began, that this publication is affiliated with a disability insurance brokerage, and each was interviewed for professional judgment rather than for a specific transaction. Quotations are lightly edited for length and clarity; no quotation has been altered in a way that changes its meaning.
Disclosures
This report is published by KF Financial, D/B/A Set for Life Insurance, a licensed insurance producer. Every interview subject named in this report was told, before the interview, that this publication is affiliated with a disability insurance brokerage.
Disclaimer
This report is provided for informational purposes only. It is not an offer or solicitation to buy or sell any insurance product, and it does not constitute financial, legal, or tax advice. Figures are reported as filed for the most recently disclosed plan year and are not independently guaranteed; coverage terms vary by carrier, by employer, and by state, and no coverage is issued except after individual underwriting. Statements by interview subjects are their own views and are not endorsed by KF Financial, D/B/A Set for Life Insurance. This publication is not affiliated with the U.S. Department of Labor or the Social Security Administration. Corrections may be sent to 26 Broadway, 3rd Floor, New York, NY 10004.