18212 E Petroleum Dr Suite 1A, Baton Rouge, Louisiana 70809
VFIS:
LOSAP Defined Insurance
The Defined Length of Service Awards Program is similar to a retirement program. It is designed to retain and rewards volunteers for their service. VFIS has provided LOSAP administration since 1983. With the Defined LOSAP departments can customize the LOSAP to meet their needs and budgets.
Lump Sum Benefit – At Retirement or Termination
Death Benefit – Funds earned will be paid to Beneficiary
Disability Benefit – Funds may be distributed
Benefits of LOSAP
Special Risk Insurance provides the following coverages:
Death and Disability
Retirement Income
Who Benefits?
Volunteers
Retain Volunteers
Increase participation
Recruitment
Customization
EMS’s
How does it work?
Each year the sponsor contributes to the plan on behalf of each eligible volunteer. These funds, plus accumulated interest (less administration fee), equal the participants balance. The benefit is payable upon death or retirement.
