Reliance Standard Announces New Voluntary Benefits Program; Voluntary Benefits Let Employers, Employees Design Their Own Plans
PHILADELPHIA, Nov. 19 /PRNewswire-FirstCall/ -- Reliance Standard Life Insurance Company has announced the launch of an enhanced suite of voluntary employee benefits called Reliance Standard Voluntary Plans (RSVP). The RSVP program is available exclusively through brokers working with Reliance Standard. RSVP Benefits include Voluntary Term Life, Voluntary Disability Income Protection (VIP), which integrates STD and LTD coverage, and Voluntary Accidental Death & Dismemberment. Flexibility, whether bundled or unbundled, is a hallmark of the new product offerings. While it has traditionally offered voluntary group term life, AD&D and dental coverages among its menu of benefits and services, Reliance Standard designed the RSVP suite of voluntary benefits to be "flexible and cost- effective to meet our customers' changing and competing demands," according to Christopher Fazzini, senior vice president, sales & marketing. "Employers are under continually increasing pressure from rising benefits costs, a sluggish economy and expensive and complex government mandates. We wanted to design a benefits program that delivers real value," Fazzini said. "The employer can design a voluntary benefits plan that is unique to that company," said Blaise DiFedele, assistant vice president, strategic partnerships. "And of course, once the program is rolled out to employees, they have the flexibility to customize their program to fit their individual wants, needs and budgets." According to DiFedele, Reliance Standard incorporated innovative features from its standard group offerings into its voluntary coverages. "For example, our voluntary disability coverage is a truly integrated disability plan that can include many features of both short term disability and long term disability in a single policy, which is an important differentiator," he said. Reliance Standard markets employee benefits through independent agents and brokers. For more Information on this and other Reliance Standard news, call (800) 351-7500 or visit the company on the web at www.rsli.com. Reliance Standard Life Insurance Company provides insurance products and services in all states (except New York), the District of Columbia, Puerto Rico and the U.S. Virgin Islands. In New York, insurance products and services are provided through First Reliance Standard Life Insurance Company, home office: New York, N.Y. Product availability and features may vary by state. It distributes its products through independent agents and brokers. Reliance Standard Life Insurance Company is a wholly owned subsidiary of Delphi Financial Group, Inc. (NYSE: DFG). Delphi is an integrated employee benefit services company. Delphi is a leader in managing all aspects of employee absence to enhance the productivity of its clients and provides the related insurance coverages: group life, long-term and short-term disability, excess workers' compensation, and travel accident. Delphi's asset accumulation business emphasizes individual fixed annuity products. Delphi's common stock is listed on the New York Stock Exchange under the symbol DFG and its corporate website is www.delphifin.com.
SOURCE Reliance Standard Life Insurance Company
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.