What are the responsibilities and job description for the Claims Advisor position at nationallifeinsurancecompany?
Come join one of America’s fastest-growing insurance companies. Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad. Throughout that history, we have provided peace of mind to those families as they plan their futures.
Our mission extends beyond the insurance and annuities policies that we offer. We strive to make the world a better place through our grants from our charitable foundation, paid volunteer time for our employees, environmentally sustainable and healthy workplaces, and events that promote the work of nonprofits in our own backyard.
We foster a collaborative environment with opportunities for growth and encourage our associates to live our values: Do good. Be good. Make good.
Please note that we do not offer visa sponsorship for this position.
Summary
The Claims Advisor is responsible for reviewing documents received for all Life and Annuity claims, and adjudicating the claim in accordance with state regulations and company policy.
Key Responsibilities
- Has a thorough understanding of the various life, annuity and disability insurance products and/or riders in-force on the Company’s books.
- A pioneer in new products: documenting, administering and processing for the first time.
- Conducts or directs any necessary investigation to determine the extent of the Company’s liability.
- Authorizes and directs settlement of claim payments for life, annuity, disability, accelerated benefits and/or long term care.
- Responsible for the co-approval, authorization and direction of settlement in claims
exceeding the single decision authority levels of other claims examiners.
- Develops understanding and application of medical terminology, insurance law, tax law and financial principles.
- Effectively communicates daily in writing and verbally with policy owners, agents, attorneys, beneficiaries, physicians in the review, approval or denial of all claims.
- Acts as a resource for less experiences colleagues.
- Works closely with management, law department, compliance department, reinsurance department and companies, actuarial, underwriting as well as others to maintain the contractual provisions and company practices.
Job Requirements
- 7-10 years as claims examiner, death claims for life and annuity, disability, waiver, long term care experience.
- Bachelor’s degree.
- LOMA Courses and ALHC (International Claim Assoc. designation) Preferred.
- Will be expected to obtain ICA designations
- Ability to successfully pass a background check that may include fingerprinting.
Benefits
- Your benefits start day one and are flexible and customizable to your and your family’s specific needs. Check out the BENEFITS of a Career at National Life!
Base Pay Range. The base pay range for this position is the range National Life reasonably and in good faith expects to pay for the position taking into account the wide variety of factors, including: prior experience and job-related knowledge; education, training and certificates; current business needs; and market factors. The final salary or hourly wages offered may be outside of this range based on other reasons and individual circumstances.
Additional Compensation and Benefits. The total compensation package for this position may also include a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. The successful candidate may also be eligible to participate in National Life’s discretionary annual incentive programs, subject to the rules governing such programs. If hired, the employee will be in an "at-will position" and National Life reserves the right to modify base salary (as well as any other discretionary payment or compensation or benefit program) at any time, including for reasons related to individual performance, company or individual department/team performance, and market factors.
National Life is accepting applications for this role on an ongoing basis and the role remains open until filled.
Salary Pay Range
$64,125 - $94,050 USD
National Life Group® is a trade name of National Life Insurance Company, Montpelier, VT – founded in 1848, Life Insurance Company of the Southwest, Addison, TX – chartered in 1955, and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York. Equity Services, Inc., Member FINRA/SIPC, is a Broker/Dealer and Registered Investment Adviser affiliate of National Life Insurance Company. All other entities are independent of the companies of National Life Group.
Fortune 1000 status is based on the consolidated financial results of all National Life Group companies.
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National Life Group
1 National Life Dr
Montpelier, VT 05604
Salary : $64,125