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Recent News

Illinois Mutual is continually looking for ways to improve our customers’ experience. This holds true with our recent update to the Wellness Benefit Claim Form for our Worksite product line.   Read More

Customer Experience Enhanced with Quicker Wellness Benefit Claims Process—No More Invoices!

Illinois Mutual is continually looking for ways to improve our customers’ experience. This holds true with our recent update to the Wellness Benefit Claim Form for our Worksite product line.

Our Wellness Benefit process is now even more streamlined - no more copies of bills or invoices required before we pay the benefit! Just submit the revised Wellness Benefit Claim Form (BD169).

The revised Wellness Benefit Claim Form (BD169) makes things easier for you. Previously, Illinois Mutual required the Wellness Benefit Claim Form to be submitted along with copies of bills or invoices showing exactly what test was completed. Now with this exciting update, we no longer require bills or additional documentation - simply submit the new claim form.

The new Wellness Benefit Claims Process significantly increases our policyowners’ ability to receive Wellness Benefits promptly without the extra burden of copying bills or invoices!

Just one more reason working with Illinois Mutual is Fast, Simple, Seamless®!

When your clients partner with us to provide Voluntary Benefits at the Worksite to their employees, they can experience the convenience of complimentary Combined Billing.   Read More

Complimentary Combined Billing: Voluntary Benefits Made Easy!

Combined Billing limits your clients’ involvement in the time-consuming process of benefits administration at no cost to them or their employees, as the service fee is paid by the carrier!

Illinois Mutual wants to make doing business with us as easy as possible. When your clients partner with us to provide Voluntary Benefits at the Worksite to their employees, they can experience the convenience of complimentary Combined Billing.

Combined Billing Will Save Your Clients Time!

  • A Simple Solution for Accounts Payable or HR: Simple electronic transfer (ACH) of the premium deductions is made for the month to the third party administrator’s lock box.
  • Easy Reconciliation of Premium: The employer simply sends the deduction register to the secure FTP site of our third party administrator, Vision Financial, which then reconciles each company’s bill and pays the premium to the carriers.
  • Automatic Deduction Adjustment: When notified of changes by the carrier, Vision Financial automatically adjusts the deduction amount and sends the information securely to the employer’s payroll department. 

How Does Combined Billing Work?

Vision Financial, a licensed and bonded third party administrator, works behind the scenes to reconcile changes in the deductions and premium due for employees’ benefits selections and channels the premium payments to the proper carriers.

Steps for Setting up a Case with Vision Financial

  1. Complete a Vision Financial Case Information Form and submit it directly to Vision Financial at mktsupport@visfin.com. All carriers to be included in Combined Billing must have a contract with Vision Financial. Please contact Vision for a list of contracted carriers.
  2. Complete and submit the Workplace Case Data Report (8021) to Illinois Mutual. Make sure to indicate that the employer group will be billed by Vision Financial in Section 4 of the report.
  3. Advise your employer group that a Vision Financial representative will be in contact to confirm payroll deduction setup and data exchange.

Just one more way Illinois Mutual is making doing business with us Fast, Simple, Seamless®!

 

Contact your Worksite sales team for more information.

(800) 437-7355, ext. 782 • WorksiteSales@IllinoisMutual.com

Illinois Mutual’s 2015 Annual Report microsite, www.IllinoisMutualNow.com, is live! Visit the site to see our 2015 highlights, videos covering real life stories from Illinois Mutual policyowners, and our 2015 Financial results.   Read More

2015 Annual Report - Creating Opportunities

Illinois Mutual’s 2015 Annual Report microsite, www.IllinoisMutualNow.com, is live! Visit the site to see our 2015 highlights, videos covering real life stories from Illinois Mutual policyowners, and our 2015 Financial results.

Opportunities to Provide

Learn about how a parent can provide for his or her family in our video: Linda’s plan to provide for her children.

Opportunities to Protect

See why dairy farmer, Allen H., decided to buy Disability Income insurance

Opportunities for Financial Stability

Hear how a small businesses, Thrift Trucking, provides a valuable service to their employees by offering them voluntary benefits.

Visit www.IllinoisMutualNow.com to learn more about how Illinois Mutual helps families and businesses plan for the future by providing insurance solutions that protect what matters most.

Living Benefits
Offer your clients more value with life insurance that DOES MORE! Read More

LifeAid™ Accelerated Benefit Rider is Here!

Living Benefits
Now you can offer more value to your clients with life insurance that DOES MORE. As people continue to live longer, it is important to have a flexible policy that lets them choose when to use their benefits. LifeAid™ Accelerated Benefit Rider1 is now included as part of Illinois Mutual’s Path Protector® Whole Life policy. These living benefits give your clients the flexibility to accelerate a portion of their policy’s death benefits if they become chronically or terminally ill.2

LifeAid™ Advantages

  • Available at no additional premium
  • Living benefit protection
  • No waiting period once eligibility is met
  • No restrictions on how the money is spent

Accelerated benefits for a chronic illness are available when a licensed physician certifies that the insured is permanently unable to perform, without substantial assistance from another individual, two or more activities of daily living for a period of at least the last 90 consecutive days due to a loss of functional capacity; or that the insured requires substantial supervision to protect him or her from threats to health and safety due to permanent severe cognitive impairment.

Accelerated benefits for a terminal illness are available when a licensed physician diagnoses the insured with a medical condition that is expected to result in death within 24 months of the date we receive due proof.

For more details, download form UP111 and order a supply of C5758 LifeAid™ Consumer Brochures from the Resource Library on the Agent Forum today!

1Insured must be 65 or younger at time of application and meet established underwriting criteria to qualify for the LifeAid™ Accelerated Benefit Rider. A rider providing accelerated benefits for terminal illness only will be available to individuals who do not qualify.
2Certain charges accrue when an Accelerated Death Benefit is paid. Acceleration of death benefits creates a lien that reduces (and may terminate) the policy’s death benefit and the cash available for loans, withdrawals, and nonforfeiture options. Interest continues to accumulate after the payment date. Only one benefit for chronic illness may be paid during any 12-month period.

Payments made under these riders are intended to qualify for favorable tax treatment under the Internal Revenue Code. Illinois Mutual recommends that you consult a qualified tax advisor prior to purchasing the policy or accelerating benefits.

Accelerated Death Benefit Payments may affect eligibility for or the amount of certain state or federal government benefits such as Medicaid or Supplemental Security Income (SSI). These riders are not intended to be a substitute for long term care insurance, health insurance, or nursing home insurance.



Policy Form 617, Whole Life Insurance To Age 121 Policy
Policy Form 5738, Chronic and Terminal Illness Accelerated Death Benefit Rider
Policy Form 5739WL, Terminal Illness Accelerated Death Benefit Rider

Not available in AK, CA, CT, DC, HI, MT or NY. Coverage and availability may vary in other states.

For policy costs and details of coverage, limitations, exclusions and terms, contact Illinois Mutual.

Video Center

Show the importance of insurance protection with videos from Illinois Mutual! These videos provide a simple way for you to get the conversation started, help explain how a product works, or share real policyowner stories with your clients.