HG Insurance Services
Contact Us
contact_phone Click to call
HG Insurance Services
Contact Us
contact_phone Click to call
Term Life Insurance WraPPlan®
WraPPlan® solves a basic employee need. Employer-provided Group Term Life normally stops at retirement.

WraPPlan® is designed to build maximum paid-up values so at age 65 the employee has a paid-up policy to replace the Term Life lost at retirement. Employers are receptive to WraPPlan® because:

  • It’s a voluntary plan; there’s no premium cost to the employer.
  • It relieves pressure for post-retirement benefits.
  • They enjoy easy administration with few, if any, problems.
  • They’re concerned that most employees will lose what is often their only Life Insurance at retirement.
Employees recognize their need for WraPPlan® because:
  • The concept is simple: "keep what you have, don’t lose it."
  • WraPPlan® is not only permanent*, but portable.
  • Current death benefits are minimized, so cost is relatively low.
  • Employee presentations often result in more than 50% participation.
  • The carrier, Transamerica Assurance Company, provides stability and credibility.
Brokers are enthused about WraPPlan® because:
  • A unique product minimizes competition, so it’s easier to sell.
  • HGIS can arrange for qualified enrollers with computerized systems.
  • Generous commissions are offered, especially for large cases.
  • Reasonable underwriting; 95% of enrollees often qualify immediately.
  • Annual premiums average more than $300 per employee.

WraPPlan® is a unique, proven program designed to meet a genuine need that employers and employees recognize. Enrollment is easy and broker involvement can be minimal, while administration is trouble-free. How does WraPPlan® work?

  • Employer provides Group Term Life.
  • Employee "Wraps" Universal Life coverage around Group Term Life. Employee pays the premium and purchases minimum insurance required by law for WraPPlan® to qualify as Life Insurance.

  • Employee doesn’t have to duplicate existing coverage.
  • Premiums build cash value to fund permanent coverage.
Level entry age premium:
  • Designed to pay for WraPPlan® coverage, which replaces Group Term after employee retires or leaves.

  • Based on employee’s current age, not his or her age at retirement or resignation/termination.

To enjoy the benefits of this outstanding program, call George Schmid at (949) 249-3834, or John Burkart at (949) 548-1629. WraPPlan® is marketed by HG Insurance Services (HGIS), a Heusinkveld Group company, created to assist insurance professionals in providing programs for their clients.

U.S. States Available

  • U.S. States Available:
  • Provider Type:
  • Admitted:
  • Carriers:
  • Carrier Ratings:
  • Commission:
  • Min Premium:


Request a Quote Now!


There are no locations attached to this storefront.
CompleteMarkets is The Insurance Industry's Professional Network
Please Register for FREE or Sign In to contact
Not an Insurance Agent? No problem, we help hundreds of people find the right agent/advisor every day!
Visit our dedicated Insurance Consumer section and we will recommend the right agent for your specific needs.

HG Insurance Services has other insurance programs like Identity Theft.