Sun Life and MGIS continue strong partnership; offer specialized benefits solutions
SALT LAKE CITY AND WELLESLEY, MA, Nov. 10, 2015 – The MGIS Companies, Inc. (MGIS) and the U.S. business group of Sun Life Financial announce the extension of their partnership in serving the customized benefits needs of physician groups nationwide. In a new multiyear contract, Sun Life will continue to be the exclusive provider of group life and disability insurance to MGIS’ growing customer base of physician group practices and medical professionals.
Having provided insurance program management services to medical practices since 1969, MGIS has a steadfast commitment to the physician audience and is recognized as a market leader. MGIS applies its specialized knowledge and resources to provide tailored underwriting, account management, and service for its physician customers and their insurance brokers.
Since beginning its partnership with MGIS in 2006, Sun Life has customized its group benefits to bring feature-rich, competitively priced products to physicians and deliver differentiated claims management through a dedicated team of professionals.
Together, MGIS and Sun Life have introduced market-leading offerings such as the unique Medical Malpractice Insurance Reimbursement rider, which helps physicians and dentists keep important professional liability coverage in force while on long-term disability, and the new multipractice solution, which allows physician practices that are part of a multigroup structure to receive high customization and dedicated support. Through the renewed partnership, MGIS and Sun Life are building on a strong foundation and continuing to lead the way with distinctive solutions for the evolving medical market.
“Sun Life Financial is the ideal insurer partner for this program. They bring world-class financial strength, expertise and resources, and unwavering commitment to the specialized needs of our medical-professional clients. Above all, Sun Life Financial is an insurer and program partner our clients, brokers, and MGIS can trust,” says Jeff Brunken, President, MGIS.
Scott Beliveau, Senior Vice President, Group & Voluntary Benefits, Sun Life Financial, adds, “With unmatched passion and commitment to protecting medical professionals, MGIS is the clear leader in this important market, and we are honored that they’ve once again selected Sun Life for its physician group benefits. We’re attuned to the distinct needs of medical professionals and the brokers who serve them and are excited to continue working with MGIS to deliver the custom-fit insurance products and programs that they deserve.”
About Sun Life Financial
Celebrating 150 years in 2015, Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth products and services to individuals and corporate customers. The Sun Life Financial group of companies operates under the “Sun Life Financial” name strictly as a marketing name and no legal significance is expressed or implied. Sun Life Financial and its partners have operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. In the United States and elsewhere, insurance products are offered by members of the Sun Life Financial group that are insurance companies. In the United States, Sun Life Financial provides a range of products and services to employers and their employees, including Group and Voluntary Accident, Critical Illness, Dental, Disability, Life, and Stop-Loss insurance products. Product offerings may not be available in all states and may vary depending on state laws and regulations. Sun Life Financial Inc., the holding company for the Sun Life Financial group of companies, is a public company. It is not an insurance company and does not offer insurance products for sale in the United States or elsewhere, and does not guarantee the obligations of its insurance company subsidiaries. Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE), and Philippine (PSE) stock exchanges under the ticker symbol SLF. For more information, visit www.sunlife.com/us.
The MGIS Companies, Inc. helps brokers, practice managers and other healthcare professionals create effective and targeted malpractice and disability insurance programs for physicians and medical professionals. Since its founding in 1969, the company has provided specialized group disability insurance, medical-professional liability insurance, and practice improvement ancillary products and services to more than 10,000 physician groups, 900,000 group members, and 300,000 physicians nationwide. The MGIS group disability policies are backed by Sun Life Financial,® one of the largest and highest-rated insurance companies in North America. The MGIS medical-professional liability insurance policies are backed by Freedom Specialty Insurance Company, a Nationwide® Company rated A+ (Superior) by A.M. Best. For more information, visit http://www.mgis.com.