|[August 20, 2014]
Managing Employee Benefits with a Cell Phone
ST. PAUL, Minn. --(Business Wire)--
Updating beneficiary information on the group life insurance coverage
they receive through their employers isn't a top-of-mind task for most
American workers. That's why thoughtful employers choose a group life
carrier with mobile access to beneficiary information.
Beneficiary management is the most recent transaction added to the mobile
capabilities available with group life insurance from Minnesota
Life, a Securian Financial Group affiliate.
"When beneficiary information is not up-to-date and employees'
situations change before they pass away, it can be difficult to identify
the current beneficiary," said Adam
Taylor, anager, Group Life client Technology, Securian Financial
Group. "Employers who give workers the opportunity to update this
crucial information on the go understand their employees' desire for
In addition to beneficiary management, Minnesota Life lets employees
complete Evidence of insurability with real-time response from a mobile
device. Employees with mobile devices also can manage the cash value in
their group universal life and variable group universal life insurance
"We know that consumers expect to be able to use their smartphones and
tablets to perform any number of transactions," said Taylor. "By
providing mobile functionality, employers meet employees' expectations
and help them get full use of their group life coverage."
Since 1880, Securian
Financial Group has provided financial security for individuals and
businesses in the form of insurance, investments and retirement plans.
Now one of the nation's largest life insurance groups, it is the holding
company parent of several companies.
Insurance products are issued by Minnesota
Life Insurance Company in all states except New York where products
are issued by Securian
Life Insurance Company, a New York authorized insurer. Both
companies are headquartered in Saint Paul, MN and each insurer is solely
responsible for the financial obligations under the policies and
contracts it issues. Product availability and features may vary by state.
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