Group Reinsurance
What is Group Reinsurance?
What is your A.M. Best rating?
In what states is Atlanta Life able to reinsure?
What industries do you serve?
Who are some of your clients?
How does your policy period run?
Will my company's premiums be effected by an agreement with Atlanta Life?
Preneed
What is Preneed Insurance?
What is the benefit of prearranging my funeral now?
Why should I prepay when I make my prearrangements?
What payment plans are available for Preneed?
If I make prearrangements with my hometown funeral home and later move to a different city, can my funeral prearrangement be transferred?
Asset Management
How is Herndon Capital Management structured?
What is the firm's total assets under management?
Who are your prospective clients?
Is performance AIMR or GIPS® compliant?
What is your firm's dominant asset class?
Does your firm have capacity constraints in managing money? If so, what are they?
Are you fully participating in consultant databases? If so, which ones?
What is Group Reinsurance?
Just as individuals or businesses purchase insurance to protect them from the financial consequences of property and liability losses, insurance companies purchase reinsurance to protect them from some of the financial consequences of insuring the loss of others. Reinsurance is very common between insurance companies, and is not usually disclosed to the person or business that is buying the insurance. That's why many employers and individuals are not aware of the amount of reinsurance that is routinely transacted on a daily basis.
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What is your A.M. Best rating?
A.M. Best: C+ (Marginal)
A.M. Best provides an opinion of an insurer's ability to meet long-term obligations to its policyholders. The opinion is rendered on a comprehensive quantitative and qualitative evaluation of a company's balance sheet strength, operating performance and business profile.
Ratings are current as of June 2010.
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In what states is Atlanta Life able to reinsure?
We are able to reinsure in all states, as well as internationally.
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What industries do you serve?
An increasing number of corporations, organizations and government clients from the industries listed below continue to reinsure their Employee Group Benefits Program through Atlanta Life Insurance Company:
- Aerospace & Defense
- Airlines
- Beverage
- Chemical
- Consumer Goods
- Education
- Energy
- Government
- Insurance
- Motor Vehicle and Parts
- Petroleum Refining
- Retail
- Securities Banking
- Steel
- Telecommunications
- Tobacco
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Who are some of your clients?
Our Strategic Partners include:
- Aetna
- Cigna
- CNA
- MetLife
- Prudential Financial
- UnumProvident
Some of our Group and Reinsurance clients include:
- Coca-Cola
- Delta
- Ford
- State of Georgia
- GM
- Harvard University
- Hyatt
- Lockheed Martin
- Southern Company
- P&G
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How does your policy period run?
Our policy period runs concurrently with the employer's group life insurance policy.
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Will my company's premiums be effected by an agreement with Atlanta Life?
No, the employer's premiums will not be affected by an agreement with Atlanta Life.
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More Information
If you would like more information about Group Reinsurance, please contact:
Leonard Grimes
Vice President, Chief Operating Officer, Atlanta Life Insurance Company
Herndon Plaza
100 Auburn Ave., N.E.
Atlanta, GA 30303
P 404.654.8893
F 404.654.8955
lgrimes@atlantalife.com
Howard Stephenson
Group Sales Manager
Herndon Plaza
100 Auburn Ave., N.E.
Atlanta, GA 30303
P 404.654.8842
F 404.654.8808
hstephenson@atlantalife.com
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What is Preneed Insurance?
Preneed Insurance is simply the funding vehicle that is used by the funeral home you choose when prearranging your funeral. By funding your arrangements through Atlanta Life, you can be assured that your funds and funeral selections are safe and secure backed by our history of providing nearly a century of financial service to our members. And, Atlanta Life offers a wide range of product options that enable your preplanning process to be as simple and easy as possible.
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What is the benefit of prearranging my funeral now?
By making funeral arrangements yourself, not only are you relieving the burden that your loved ones will face upon your death, but you have the assurance that your wishes will be documented and carried out as you have chosen.
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Why should I prepay when I make my prearrangements?
You will save money by ensuring that the services and products you have selected will be provided at the time of your death when your funeral home uses an Atlanta Life Preneed product. Pre-funding also eliminates the situation of causing your family to have to pay extra at the time of your death.
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What payment plans are available for Preneed?
Although single payments eliminate any further consideration on your part, Atlanta Life offers payment plans over three years, five years, and ten years that are available in monthly, quarterly, semi-annual, and annual increments. You may also choose to have monthly withdrawals made automatically from you checking account.
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If I make prearrangements with my hometown funeral home and later move to a different city, can my funeral prearrangement be transferred?
Yes, with Atlanta Life's Preneed products, you retain the ownership right to change the named funeral home and also to designate a different beneficiary should you wish to do so in the future.
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More Information
If you would like more information about Preneed, please click here.
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How is Herndon Capital Management structured?
Herndon Capital Management is a privately owned, subsidiary of Atlanta Life Financial Group. Fifty-five percent of the outstanding shares are owned by Atlanta Life Financial Group. The remaining forty-five percent is allocated among the firm's partners.
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What is the firm's total assets under management?
As of June 30, 2009, the firm has a seven year domestic track record of performance, and as of July 31, 2009, a five year international track record of performance. In addition, as of December 31, 2009, the firm has accumulated $1,577,299,168.41 assets under management.
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Who are your prospective clients?
Herndon Capital Management's initial focus is the institutional market. Our prospective institutional clients include:
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Is performance AIMR or GIPS® compliant?
Herndon Capital Management claims compliance with the Global Investment Performance Standards (GIPS®)(formerly known as AIMR-PPS). A third-party verification as set forth by the GIPS standards (previously known as the AIMRPPS, Level I) has been conducted from June 30, 2002 through June 30, 2008, and a performance examination (previously known as Level II) was conducted for five of the firm's composites beginning as early as June 30, 2002. Currently our firm wide verification for the fourth quarter of 2008 is in progress. We anticipate that the verification will be completed by the end of the 3rd quarter of 2009.
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What is your firm's dominant asset class?
All of Herndon Capital Management's product offerings are focused on the Large Cap asset class.
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Does your firm have capacity constraints in managing money? If so, what are they?
No, Herndon Capital Management does not have capacity constraints in managing money for the following reasons:
- Adequate Personnel
We have assembled an investment team of three seasoned investors that have the dual responsibility of Portfolio Manager and Analyst.
- Product Offering
We offer Large Cap products and screen for liquidity.
- Systems
We utilize Advent, a state-of-the-art portfolio accounting system.
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Are you fully participating in consultant databases? If so, which ones?
Consultant Databases
Brockhouse & Cooper, Inc.
Callan Associates, Inc.
CRA Roger Casey Manager Database (EQuest)
DeMarche Associates
Frank Russell Company
Hewitt Investment Group
LCG Associates, Inc.
Marco Consulting Group
New England Pension Consultants
PI Analytics
Tremont Advisers
William M. Mercer's Global Investment Manager Database
Wilshire Associates' Odyssey
Yanni Partner's GRID Database
Other Proprietary Databases
Mobius Group's M-Search
Nelson Information Investment Management Database
Effron Enterprises Plan Sponsor Network (PSN)
Money Manager Review
Pension & Investments Performance Evaluation Review (PIPER)
EVestment Alliance
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If you are interested in learning what Atlanta Life Investment Advisors can do for your portfolio, feel free to contact us:
Drake J. Craig, CFA
COO/Principal
Herndon Capital Management
Herndon Plaza
100 Auburn Ave., NE
Atlanta, GA 30303
P 404.232.8803
F 404.232.8815
dcraig@herndoncap.com
Kenneth R. Holley, CFA
Chief Investment Officer & Principal
Herndon Capital Management
Herndon Plaza
100 Auburn Ave., NE
Atlanta, GA 30303
P 404.232.8802
F 404.232.8815
kholley@herndoncap.com
Randell A. Cain, Jr., CFA
Principal
Herndon Capital Management
Herndon Plaza
100 Auburn Ave., NE
Atlanta, GA 30303
P 404.232.8804
F 404.232.8815
rcain@herndoncap.com
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