Voluntary Benefits

Voluntary Benefits

We offer a full suite of benefits customized to employer needs and offered by A-rated carriers. Voluntary insurance benefits include:

Universal and Whole Life Insurance
We offer choices in permanent life insurance benefits, ranging from the high death benefits available with Universal Life Insurance to guaranteed value of Whole Life Insurance. Policies include a cash accumulation feature. Some plans offer Long Term Care riders, as well. In many situations, the carriers offer Guaranteed Issue underwriting for employees and their family members – this means there is no medical underwriting on eligible employees!
SIMPLIFIED Term Life Insurance is also available

Short Term/Long Term Disability (STD/LTD)
Short and Long Term Disability programs provide protection against financial hardship through illness or injury, both on or off the job. Both STD and LTD are available on a group or individual voluntary basis, and can cover up to 60% of employees’ monthly salary. Short Term Disability plans have optional waiting periods of 7, 14, 30, 90 and 190 days with benefit periods ranging from 90 days to five years. Long Term Disability plans coordinate with short term disability or sick banks/leave and can provide income protection from 5 years up to age 65.

Critical Illness/Cancer Insurance
These plans provide benefits in addition to the employee’s group health or disability coverage, providing an additional layer of protection. Critical illness insurance provides financial protection against serious, life-threatening illnesses such as heart attack, stroke, major organ transplant, permanent paralysis, end stage renal failure, or coronary bypass surgery. Employees may choose various face amounts, ranging from $5,000 to $100,000. Many carriers offer additional and/or re-occurrence benefits. Cancer insurance provides benefits paid directly to employees upon first diagnosis of cancer. Employees can use the lump sum benefits to help with a range of expenses, including experimental treatment, childcare costs, transportation for treatment, and more. Many cancer and critical illness plans also include a wellness benefit, which can help pay for screening tests.

Accident Plans
Accident plans provide cash benefits if employees and/or their covered family members are involved in an accident. Coverage options include 24-hour or off-the-job-only coverage. The schedule of benefits can cover hospital admission, surgery, emergency room admission, ambulance, burns, physical therapy, and much more.

Supplemental Health/Limited Medical Plans
Adapted for employees who are part-time or who want to move away from high cost / high deductible plans, Limited Medical Plans offer employees basic medical coverage options. Limited medical benefits include doctor office visits, pharmacy benefits, and surgery benefits, all with a reduced lifetime maximum.

Long Term Care (LTC)
Not just for the elderly, Long Term Care provides nursing coverage in the home or in a licensed facility when someone needs assistance with activities of daily living. The monthly facility benefit includes professional nursing or home health care, with an array of choices for the benefit duration. Plans are available to the family of the employee. In some cases, coverage can be extended to the parents and grandparents of the employee. Guaranteed Issue coverage may also available, if the employer meets the minimum participation requirements.

Executive Carve Out Plan
These plans appeal to the special needs of highly compensated or key management personnel. Plans include high value life insurance and disability plans or even Long Term Care plans.

Other Benefits
We can also offer a variety of other insurance and non-insurance benefits in conjunction with the voluntary benefits listed here. Click here to learn more.