Polk is the latest county to take advantage of the Employee Life Option (ELO) program, a new FAC Enterprise partnership that offers guaranteed whole life insurance coverage to county employees. FAC’s newest partner, Boston Mutual, offers this program at no cost to the county.
ELO combines the guaranteed premium coverage and values that have always been so attractive in whole life insurance with the advantages of cash accumulation at current interest rates. One of the major features of this program is the ability to obtain life insurance coverage without medical questioning or physicals -- as long as you are employed by the county.
In Polk, the ELO program was presented to more than 1,500 county employees. Nearly half of them have already signed up. This is incredible considering industry statistics show that 15 percent of employees are uninsurable. If Polk County had not offered this program, those employees would not have been able to purchase life insurance. The benefits of this program to these families are invaluable.
Polk County is the third county in the state to bring this program to its employees and family members. Welcome aboard Polk! Your county could be next!
For more information about how to bring this program to your county, please contact Latoya Washington at firstname.lastname@example.org or 850-922-4300.