September 24, 1990
TO: INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 42-90
SMALL FUNDS MEMBERS NO. 3-90
RE: GROUP EMPLOYEE BENEFIT INSURANCE PROGRAM
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We are now entering our third year of the ICI sponsored
Benefit Source Trust, an employee benefit program for both
members and associate members. A number of Institute members now
participate in this program.
The Benefit Source Trust offers wide flexibility among the
available benefits from which to choose. While the program does
not offer packages, it offers carefully designed plans at costs
substantially lower than similar plans purchased outside the
Trust.
Recently, Phoenix Mutual Life replaced Metropolitan, the
insuror of the program. Phoenix specializes in multiple-employer
programs and brings an expanded portfolio of benefits and
corresponding ranges of costs. Overall, the Trust has a long
history of cost stability and efficient administration.
While the program is offered to firms of all sizes, groups
with fewer than ten (10) insured staff will need to complete
health questionnaires for each enrolling person. But there is a
great deal of flexibility with Phoenix , including the
availability of self-insurance for firms who qualify.
The enclosed brochure summarizes some of the highlights of
the Benefit Source Trust. For further information call or mail
the postage paid reply card to Hendrickson & Company, Inc., the
Institutes's marketing group for the Trust. You will be
contacted promptly with complete benefit and cost information
allowing you to accurately compare with your present program.
Donald E. O'Connor
Vice President - Operations
Enclosure