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