Voluntary Benefits

Term Policy
Life insurance that does not build cash value, however, it will pay a set amount to the named beneficiary upon the death of insured within the stated term. Some policies may also make payments upon terminal or critical illness.

Short Term Disability
During the time an employee is unable to work due to a qualifying disability (illness or injury), STD generally allows for income payments to the employee to begin after about a two-week waiting period and will continue to pay the employee until he/she recovers or maxes out the benefits–usually anywhere between one month to two years, depending on the policy.

Long Term Disability
During the time an employee is unable to work due to a qualifying disability (illness or injury), LTD generally allows for income payments to the employee to begin after about a 90-day waiting period, although it could be much longer depending on the policy, but will continue to pay the employee far longer than STD–for a few years, up to age 65, or even for life.

Dental Plans
Regular dental exams help employees stay healthier and more productive in the work place. Simple routine visits to the dentist, which are usually covered 100% by insurers, help to detect serious underlying conditions such as heart disease and diabetes. The National Association of Dental Plans and the Centers for Disease Control have performed studies that show that employees with Dental Insurance plans have better attitudes and are less likely to suffer from depression, a common condition in today’s fast-paced world.

Dental Plans offer a variety of diagnostic, preventative care and corrective services including cleanings, exams, x-rays, fillings, root canals, orthodontia for children, and emergency care while traveling.

Vision Plans
Similar to dental policies, vision plans are inexpensive and save money on routine exams, eyeglass frames and lenses, contacts, and even discounts on procedures like LASIK. Monitoring your eye health with regular exams also helps to prevent serious eye diseases like glaucoma and cataracts and also helps to detect early stages of diabetes, high blood pressure, and high cholesterol.

Hospital Indemnity Plans

Unlike a traditional major medical plan that reimburses you or pays directly to a provider for approved hospital stays and medical care, a Hospital Indemnity Plan pays a lump-sum payment directly to the insured.  The cash payment helps with out-of-pocket expenses and covers your employees when they are off work due to a hospital stay.  The coverage is usually a set amount per day, per week, per month, or per visit depending on the benefit level selected.

Note:  The benefits and riders offered are supplemental and are not intended to cover all medical expenses.  Certain terms, exclusions and limitations may apply.

Final expense insurance is designed to help protect your loved ones from the financial burden of funeral costs related to your passing.  Unlike life insurance, final expense policies have a much lower face value because they are intended to only cover costs related to a person’s final expenses. Therefore, these policies can often be purchased at low or reasonable premiums.

Here are some of the features of final expense policies:

-Premiums do not increase, ever
-As long as make you premium payment, policies will remain effective
-Guaranteed death benefit
-Some policies can be written similar to whole life policies, meaning they may earn dividends

Do you still have the old kind of life insurance that only pays benefits upon your death?  With people suffering from a heart attack or stroke every 30 seconds, and with those developing cancer and or Alzheimer’s at the alarming rate of every minute, doesn’t it make sense for life insurance benefits to be accelerated and available for people to use while they are still alive?  The industry refers to this type of insurance as “Living Benefits” which help people to receive care and pay for chronic or terminal illness that precedes death.

Living Benefits is one plan with multiple benefits:

• Pays death benefit
• Pays accelerated benefit for critical illness
• Pays living benefit if you are unable to perform daily living activities