Together, Building Healthy Communities. Precept merged with BB&T Insurance Services, Inc., in November 2011. Precept is a national provider of integrated solution for all aspects of employee benefits. Since 1987, Precept has worked with its clients to ensure their investments in employee benefits create real and material worth. Known for innovation, Precept has and will continue to anticipate, design, develop and deliver practical and proven approaches to ensure its clients truly “get what they paid for.”