State Volunteer Mutual Insurance Companybenefits

State Volunteer Mutual Insurance Company's benefits plans covered 143 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $175,315. Insurance brokers and agents were paid $99,101 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 56.5% of premiums. That is $693 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 3.2x the $31,032 reported for 2023.