Pricing, Contract, and Endorsement Options
Forecast Rate Protector
For self-funded groups concerned about future pricing, consider the weather before you set sail. REM’s Forecast Rate Protector option provides protection for policyholders against significant rate action or individual underwriting at renewal. For an additional 5% of the proposed specific premium rates, Forecast Rate Protector guarantees policyholders that their specific rates will not increase by more than 50% upon renewal, and that individual deductibles (lasers) will not be added at renewal. Fine print: The maximum increase applies to specific premium and aggregate specific deductibles. Assumes duplication of current contract terms. Available on a case by case basis, contact your REM sales rep for more details. This option does not impact or remove existing lasers.
Risk Anchor
Don’t float into troubled waters….Lock your stop loss coverage in early with REM’s Risk Anchor option. For self-funded groups looking to bind stop loss coverage early, consider the stability of REM’s Risk Anchor option. REM Risk Anchor allows policyholders to bind specific and aggregate coverage 60 days prior to the effective date for groups with less than 500 employee lives, and up to 90 days for groups over 500 lives. Drop your anchor and rest easy knowing that the AUL specific stop loss coverage through REM is securely fastened for those last minute risks. Fine Print: Requires the policyholder to submit a binder premium and completed paperwork (AUL Disclosure and Application) within 15 business days of the date of request for early lock for 60 Day Anchor, and 10 business days for 90 Day Anchor. Policyholders must not have material changes to demographic make-up from the date of original released quote through the actual effective date
Contract Options
24/12, 18/12, 15/12, 12/12, 12/15, 12/18, 12/24 available on specific and aggregate coverage
Available Endorsements
Terminal Liability (specific and aggregate), aggregated specific deductible (no premium load), monthly aggregate accommodation, and family specific deductible
