Below is a summary of available voluntary insurance products that employers can make available to their employees through payroll deduction.*

 

Critical Illness Insurance (policy form LP750 and rider form LP751):

 

Today you are likely to survive a critical illness, but would your finances?

 

Critical Illness Insurance covers expenses related to a critical illness that are not covered by your health insurance, such as mortgage payments and daily living costs, coinsurance and deductibles, and travel and lodging.

 

Based on a 10-year or 20-year term life policy with an Accelerated Benefit Rider, Critical Illness Insurance provides a lump-sum cash payment up to 100% of your life insurance benefit in the event you are diagnosed with a covered critical illness.

 

Critical Illness Insurance features the following:


• Benefit options from $10,000 to $100,000
• 16 covered conditions
• No medical exams (simplified underwriting)
• Guaranteed to issue available
• Portable
• Spouse benefit amounts up to $30,000 without spouse's signature
• Children benefit amounts up to $20,000
• Unemployment Benefit Rider (not available in CA, FL, MI, SC and TN)
• A death benefit is paid if a critical illness does not occur.

   

Workplace Increasing Whole Life Insurance (policy form ELP001):

 

Your life moves fast; you need insurance that can keep up.

 

Workplace Increasing Whole Life provides peace of mind that your family can be taken care of in the event of your death, while safely building cash value, giving you the option to use that money while you are still alive. It can help meet the immediate obligations of death and provide future income to sustain the household.

 

Workplace Increasing Whole Life features the following:


• Benefit amounts from $5,000 to $100,000
• Guaranteed to issue available
• Guaranteed level premiums, cash value and death benefit
• Increasing death benefit guaranteed to increase until it doubles
• Benefit amounts up to $100,000 with no medical exams (simplified underwriting)
• Employee benefit amounts up to $20,000, spouse and children up to $10,000 with only two qualifying questions
• Lifetime protection (if all premiums are paid)
• Portable
• Unemployment Benefit Rider (inherent in policy but subject to state approval), Accelerated Benefit Rider (automatically available at no charge in states where approved) and optional Children's Term Insurance Benefit Rider

   

Workplace Permanent Life Insurance (policy form ELP002):

 

You have dreams to protect.

 

Cost-effective Workplace Permanent Life provides the coverage needed to take care of the mortgage, send the kids to college or save for future financial needs. It is designed to provide basic supplemental life insurance coverage for employees in the workplace setting.

 

Workplace Permanent Life features the following:


• Benefit amounts from $5,000 to $100,000
• Guaranteed to issue available
• Premiums will not increase for the initial guarantee period.
  

  Issue Age	Initial Guaranteed Period
  18-40	30 Years
  41-60	to age 70
  61-70	10 Years

  Premiums will change for subsequent periods.
• Level death benefit for as long as you own your policy – benefit does not decrease as you get older
• Benefit amounts up to $100,000 with no medical exams (simplified underwriting)
• Employee benefit amounts up to $50,000, spouse up to $25,000 with only three qualifying questions**
• Lifetime protection (if all premiums are paid)
• Portable
• Unemployment Benefit Rider (inherent in policy but subject to state approval), Accelerated Benefit Rider (automatically available at no charge in states where approved) and optional Children's Term Insurance Benefit Rider

 

** Height and weight guidelines must also be met.

 

Group Term Life Insurance (policy form LH727):

 

In order to recruit and retain the best people in the marketplace, many employers, including school districts, government entities and health care organizations, are recognizing the need to provide the most basic of coverage to employees – term life insurance. At the same time, employees are looking to their employers to offer this coverage as a benefit.

 

Group Term Life is an annual renewable term life insurance product designed for groups of 10 or more employees.

 

Group Term Life features the following:


• Minimum death benefit: $10,000
• Supplemental employee and dependent coverage available
• Optional riders and benefits, including Waiver of Premium, Accelerated Death and Accidental Death and Dismemberment
• Customization of the plan to fit each group's needs
• Coverage can be converted to an individual policy if an employee changes jobs

 

Group Disability Income Insurance (policy form LP656):

 

Our disability plans are available separately but coordinate perfectly for a complete disability income program. Disability Income Insurance is available on an employer-paid basis or an employee-paid voluntary basis.

Group Long-Term Disability

• Provides a monthly benefit to disabled employees following an elimination period
• Benefits are provided for both occupational and non-occupational illness or injury

 

Group Short-Term Disability


• Weekly benefits payable after an elimination period for up to 26 weeks
• Benefits are provided for non-occupational illness or injury

* Not all products and riders are approved in all states. Complete product and rider details are contained in the respective policy forms for each product and may vary by
   state.