Beam Offering Group Life Benefits Through Nationwide®
COLUMBUS, Ohio (July 8, 2020) — Beam Dental, one of the country’s fastest-growing ancillary benefits providers, today announced it will begin offering group term life and accidental death and dismemberment (AD&D) benefits through Nationwide®.
By partnering with Nationwide, Beam is taking the next step toward building a comprehensive ancillary benefits selection for employers across the country. Beam groups and brokers in eligible states can start quoting group life and AD&D policies effective July 1.
“Beam strives to be the premier provider of ancillary benefits, and our partnership with Nationwide to add group life coverage brings us closer to that goal,” said Alex Frommeyer, co-founder and CEO of Beam. “Nationwide is an industry leader, and we’re thrilled to join them to bring an exciting new product to our customers on top of the dental and vision products we provide.”
Nationwide’s group term life policies will be paired with AD&D coverage, which also includes the Employee Assistance Program (EAP) at no additional charge. Policies, which are shelf-rated, will be available on an employer-paid basis for full-time employees. Notable plan features include premium waiver and accelerated death benefits, as well as 12-month rate guarantees.
“We see a great fit in advancing our partnership with Beam to deliver our group life plans to Beam’s customers,” says Syed Rizvi, VP and Chief Specialty Officer for Nationwide. “Beam’s innovative approach to the market matches Nationwide’s goal to deliver new digital experiences and solutions for our customers.”
About Beam Dental
Beam Dental was built around the idea that blending technology with traditional insurance policies could bring incredible value to a commoditized employee benefits market. Beam Dental is a company’s best choice for a differentiated, innovative take on dental and ancillary employee benefits with a nationwide network of dentists. For more information, visit beam.dental or blog.beam.dental.
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by both A.M. Best and Standard & Poor’s. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com. Follow us on Facebook and Twitter.