Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance

CIGNA Adds Group Life Beneficiary Services

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, May 6, 2003, 4:10 p.m. EDT – The group insurance unit at CIGNA Corp., Philadelphia, is offering a new package of free services with its group life and accidental death policies.

The package includes grief counseling, financial counseling and time with a lawyer, along with a booklet that discusses the legal and financial responsibilities involved with settling an estate.

CIGNA will also provide a personal consultant to guide beneficiaries through the benefit process, and it will automatically put life and accidental death insurance benefits of more than $5,000 into an interest-bearing checking account.

Putting the benefits in a checking account, rather than paying it to the beneficiaries in the form of a lump sum, can help shield beneficiaries from decision-making pressure, CIGNA says.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.