Life insurance can provide years of income to loved ones in an affordable way and Group Term Life insurance is a foundation of insurance protection for employees and their families. It provides protection for a specific period of time (term) and pays a benefit if the insured dies during the term. There is typically no cash value buildup in a term life insurance policy. Group Term Life insurance provides a base level of protection that can be enhanced by personal savings, individual life insurance and Social Security benefits. The death benefit is paid income tax free to the beneficiary.

Morris & Reynolds offers all forms of group life insurance and represents all of the leading insurers that write this type of coverage. There are several different types of group life insurance including:

Basic Group Term Life coverage which provides a basic, low cost, level of life insurance, typically paid for by the employer. Premiums for up to $50,000 of coverage paid by the employer are considered an income tax-free benefit to the employee.

Supplemental Group Term Life coverage is voluntary life insurance that is paid for by the employee, allowing the employee to choose the amount of insurance that fits his or her personal and financial situation. Employers often offer this insurance in conjunction with an employer-paid Basic Term Life plan so that those employees which desire or need a higher limit of coverage in addition to the Basic Group Term limit can purchase more protection. Depending on the size of the group the Supplemental coverage can often be written on what is commonly known as a Guaranteed Issue basis meaning that up to a set limit established by the insurer the Supplemental coverage is not subject to the insurer’s underwriting questions and is issued automatically to those who apply for coverage and pay the premium each month via payroll deduction.

Dependent Term Life provides coverage for your spouse, civil union partner or domestic partner, and eligible children.

Portable Term Life insurance provides supplemental coverage to employees and dependents who lose eligibility under the group policy. Employees can take this protection with them if they leave the group or retire and continue coverage until age 70 (under most plans) by making payments directly to the insurer. Payments can be conveniently continued through electronic funds transfer (EFT).

Group Variable Universal Life (GVUL) has a variety of unique features that can help you meet your needs today and in the years ahead. GVUL combines life insurance protection with tax-deferred investment options, that provide you the opportunity to:

1) Invest additional dollars above the cost of insurance into variable investment portfolios or an interest-bearing account with a guaranteed minimum interest rate, or both.

2) Benefit from earnings growth, generally tax-deferred, on your contributions.

3) Supplement your 401(k) or other qualified savings plans.

4) Access cash value before age 59½, generally without penalty or surrender charges.

Group Universal Life (GUL) insurance can provide you with affordable, guaranteed, protection. You can build your policy’s cash value by contributing additional dollars into a tax-deferred interest bearing account. With a fixed rate account that never drops below a certain minimum, you can focus on guaranteed protection.

In addition to group life insurance solutions, some of the benefits of our employee benefit’s work for our clients include;

ALL FORMS OF INSURANCE & EMPLOYEE BENEFITS

• Ancillary (Voluntary/Employee Paid)
• Benchmarking
• Benefits Administration
• Brokerage
• Cancer & Critical Illness
• Communications
• Compliance Consulting
• Consulting
• Dental Insurance
• Disability (Short & Long Term)
• Employee Assistance Plans (EAP)
• Health & Welfare Plans (Group)
• Health / Medical Insurance
• Healthcare Reform
• Hospital Indemnity
• Individual Health
• Life Insurance (Group)
• Payroll Deduction Auto & Home
• Pharmacy Consulting
• Plan Design
• Plan Management
• Pre-Paid Legal Plans
• Network Evaluation
• Retiree Health Care
• Retirement Plans (401k’s)
• Vision Insurance
• Wellness & Productivity

SUPERIOR MARKET KNOWLEDGE, RELATIONSHIPS & INSURER ACCESS

Morris & Reynolds represents and has access to the entire market of leading insurers. Many of our relationships with major insurers span decades and often find us in a leadership position as an advisor or agent Board member.

AGGRESSIVE, TRANSPARENT, NEGOTIATIONS

Your employee benefit’s goals and bottom line are our sole focus. The coverage and costs that we negotiate, in fact all we do, is focused on you and your employees. We are known as aggressive negotiators who have our clients’ best interest at heart. Always.

We also enjoy serving our clients in the most transparent manner possible and are happy to discuss and disclose our compensation and answer your questions about that important topic with you. Morris & Reynolds is a truly independent insurance agency and has been since 1950. Our focus is never on stockholders, stock prices or an insurance company preference but our client’s goals, dreams and desires. Always.

HANDS-ON DAY TO DAY CARE & ADVOCACY FOR YOU & YOUR EMPLOYEES

Let’s face it, insurance can be time consuming and frustrating. Dealing with providers and insurers is often an experience filled with ‘red tape’, delays and frustration. Whether you or your employees have a question about your coverage, a provider, a bill or a claim we are here to help every step of the way. Our Client Advocates are here at Morris & Reynolds everyday focused on assisting you and your employees with provider and claim concerns as well as the never ending ‘red tape’ involved with America’s medical ‘system’.

WELLNESS

An apple a day really can keep the doctor away (along with exercise, an education on health and wellness). Morris & Reynolds is deeply proud of the work we do with many of our employee benefit clients to help make their employees happier, healthier and more productive both personally and professionally.

PEACE OF MIND

Your employees and their satisfaction with the benefits you offer to them is very important to your business and your peace of mind. At Morris & Reynolds Insurance we take your benefits, employees and peace of mind, to heart in all we do from the coverage that we structure, the insurers we suggest and the day to day service and care we provide to our clients and your employees. When you need us most, we will always be there.

VISION & INNOVATION

At Morris & Reynolds Insurance our client’s receive the best of both worlds. We are well known for our ‘old fashioned’, reliable and responsive service that dates to the founding of our agency in 1950. We are also known for employing cutting edge technology and offering the latest in coverage innovations and ideas to serve our client’s ever evolving needs. Services such as The Protection Portal and Morris & Reynolds MyWave are just two examples of our forward thinking approach to service.

AWARD WINNING, EDUCATED, PROFESSIONAL PEOPLE

Our Client Service Underwriters, Client Advocates and Professional Agents are deeply committed to their profession and career-long learning. Our award winning TEAM of professional people, the finest people in employee benefits and insurance, is unique to Morris & Reynolds Insurance. In order to offer our client’s the very finest results possible we constantly seek improvement by way of training, performance measurement and process reviews.

Our corporate office is an approved and certified testing site for the prestigious Insurance Institute of America and their curriculum is part of our ongoing TEAM educational efforts. Morris & Reynolds Insurance is proud of the awards that TEAM members have received from a variety of industry associations and insurers, including the Florida Agent of the Year, The National Agent of the Year and The Customer Service Representative of the Year Honors to name a few.

Trusted Insurance

"Savings & Service Has Been Our Policy Since 1950"
14821 South Dixie Highway, Miami, Florida 33176
P 305.238.1000 | F 305.255.9643
E info@morrisandreynolds.com

Independent agent