The First Rehabilitation Life Insurance Company of America (First Rehab Life) has written its 100,000th active DBL policy. First Rehab Life now insures 100,000 companies or 21 percent of eligible commercial businesses in New York State*. DBL (Disability Benefits Law) is New York State's mandatory short-term disability insurance.
"Hitting the 100,000 DBL policy mark is a milestone for us. We are extremely happy about this achievement and would like to extend our thanks to all independent agents and brokers who sell our DBL. Without their hard work, our tremendous growth would not have been possible," says David Epstein, Vice President of Sales.
The company sells exclusively through 5,000 plus independent agents and brokers.
John Baldwin, President, explains why the independent brokerage community is First Rehab Life's sole means of selling insurance: "Independent brokers are businesspeople, leaders in their communities. They are insurance experts. They know the insurance needs of their clients better than anyone else does. Carriers could never assemble the talent and the expertise contained in the producer community."
To expand their leading position in the statutory DBL market, First Rehab Life has introduced new, enriched benefit options. First Rehab Life now offers the most versatile DBL benefits in New York for groups of 1+ employees: 1.5-times DBL, 2-times DBL and additional in-hospital coverage.
(*U.S. Small Business Administration, Office of Advocacy: Small Business Profile, New York, 2005, p. 1)
About: The First Rehabilitation Life Insurance Company of America (First Rehab Life), an A- rated company by A.M. Best and Standard & Poor's, was founded in 1972 and sells employee benefits through a network of 5,000 plus independent brokers and agents in 16 states. Headquartered in New York, First Rehab Life is a leader in the statutory disability market (DBL and TDB). The 100% Solution, a Medical Reimbursement Policy, is First Rehab Life's distinctive product. The company also writes group Vision, Dental, Short- and Long-Term Disability and Life insurance.