Flexible Benefit Solutions | Personalized Service
Finding and retaining top-notch employees can be a challenge in today's marketplace. Better compensation and benefits are among the most common ways employers are doing both. That's where The EPIC Life Insurance Company can help. EPIC offers the finest choices in benefit packages. We've designed our coverage plans to be flexible, fit easily into your budget, and provide you with a simple solution for enhancing your employee benefits package.
EPIC is a Wisconsin-based subsidiary of WPS Health Insurance. Formed over 65 years ago, WPS is one of the state's largest health insurers – offering group and individual health insurance. In addition, WPS serves millions of military families and seniors through significant administrative contracts with the United States Government for Medicare Part A and B, and TRICARE.
At EPIC, we're proud of our Midwestern roots and strong work ethic. We've built our reputation by providing our customers with flexible benefit solutions, personalized service, and competitive rates. Superior customer service is our number one priority – and it shows! In 2012, customers rated their overall satisfaction with EPIC at 96%. This is the 7th year of 95% or better.
Strength in Numbers (as of December 31, 2012)
- Over $2.8 billion of life insurance in force
- Assets of $56.9 million
- Cash and investments of $53.6 million
- Capital and surplus of $28.2 million
- 1130% of Compulsory Statutory Wisconsin Standards
The compulsory standard is the minimum amount of surplus required by the State of Wisconsin.
- Net premium written to capital and surplus ratio is 0.9:1
The National Association of Insurance Commissioners (NAIC) standard is 10:1, which means that $10 million in premium requires only a minimum of $1 million in capital and surplus. The lower the ratio, the better.