Insurance Proposal for Michael Smith

INSURANCE PROPOSAL Prepared for: Michael Smith

Are you providing the best benefits package to attract and retain top talent? The right insurance plan not only safeguards your employees’ well-being but also enhances workplace satisfaction and productivity. Our comprehensive proposal is designed to offer tailored solutions that balance cost efficiency with superior coverage. Let’s build a benefits strategy that works for your business. Protecting Your Team, Strengthening Your Business Video 2

Premium Summary Table of Contents 4 Property 5 About Us 6 Billing / Audit Information Conditions / Subjectivities Valuation Definitions Our Culture Service Teams 3

Premium Summary Understanding your benefits cost is essential to making the best decision for you and your family. Below is a breakdown of the premium costs for each coverage option, helping you plan effectively while maximizing your coverage. Plan Type Employee Only Employee + Spouse Employee + Child(ren) Family Medical $150.00 $300.00 $275.00 $450.00 Dental $20.00 $40.00 $35.00 $55.00 Vision $10.00 $20.00 $15.00 $30.00 Life Insurance $5.00 $10.00 $10.00 $15.00 Disability $12.00 $24.00 $20.00 $35.00 Billing / Audit Information Conditions / Subjectivities Coverage is subject to eligibility requirements, timely premium payments, and adherence to the terms outlined in the policy. Category Details Frequency Due Date Premium Billing Monthly invoice for enrolled employees Monthly 1st of each month Payment Method ACH, Wire Transfer, Check As billed - Annual Audit Review of active employees and coverage Annually End of policy year 4

Property Named Insurance NovaShield Health Policy Dates 04/30/2x to 1/30/2x Carrier / A.M. Best Ratings Sentinel Insurance Policy Number NSH-8745623 Coverage Type Limits Deductible Coinsurance Out-of-Pocket Max Medical $1,000,000 per policy year $500 80% $2,500 Dental $2,000 per year $50 100% preventive, 80% basic, 50% major $2,500 Vision $200 per year $25 exam, $100 glasses/contacts N/A $2,500 Life Insurance 60% of weekly salary, max $1,500 N/A N/A 12 weeks max Disability $10,500 N/A N/A N/A Valuation Definitions ● Replacement Cost (RCV) – Pays for the cost to replace an insured item with a new one of similar quality, without depreciation. ● Actual Cash Value (ACV) – Covers the item's value at the time of loss, factoring in depreciation. ● Agreed Value – A pre-determined amount agreed upon by both insurer and insured, avoiding depreciation calculations. ● Market Value – The price an asset would fetch in the open market, which can be different from replacement cost. ● Functional Replacement Cost – Covers replacing an item with one of equivalent function rather than identical materials. 5

6 About Us Founded over two decades ago, NovaLink Insurance was built on a commitment to providing businesses and individuals with comprehensive, reliable coverage. What started as a small firm with a vision to simplify insurance has grown into a trusted industry leader, serving thousands across the country. Reliability Expertise Adaptability Commitment Trust We foster a collaborative environment where expertise meets adaptability, ensuring top-tier service and lasting partnerships.

7 Service Teams Sophia Reynolds Director of Client Services Sophia focuses on building strong client relationships and ensuring seamless service delivery. She works closely with teams to enhance customer experience and provide personalized support. Liam Carter Head of Risk Management Ethan specializes in analyzing risks and developing strategies to minimize client exposure. He ensures compliance with industry regulations and optimizes policies for maximum protection. Emily Carter Claims Specialist Emily guides clients through the claims process, ensuring fair and timely settlements. She works closely with policyholders to provide support and clarity during difficult times.

INSURANCE PROPOSAL Prepared for: Michael Smith Phone: (555) 987-6543 Email: [email protected] Website: www.novalinkinsurance.com