GE Forms Trust To Pursue Financial Institution Benefits Market

NU Online News Service, Oct. 8, 2003, 4:43 p.m. EST – GE Financial Employer Services Group, Enfield, Conn., has set up a special employee benefits program aimed at financial institutions with two to 1,000 employees.

The program, the Financial Institution Trust, is a multiple employer trust that will provide fully insured medical insurance as well as group life insurance, group disability insurance and other benefits. The cost of trust benefits will be low because most financial institutions have good risk profiles, GE Financial says.