Employee Benefits

70%

of employers who offer voluntary benefits do so to aid in recruiting and retaining employees

Source: Eastbridge, MarketVision: The Employer Viewpoint, 2016.

What Are Voluntary Benefits?

Sometimes called “supplemental insurance,” these often employee-paid benefits can stand alone or fill gaps in major medical and other insurance coverage.

Paid directly to the employee, they help personalize benefits packages to fit individual needs. Employees use them for:

CO-PAYS OR CO-INSURANCE

TRAVEL EXPENSES

HOUSEHOLD BILLS

REPLACING WAGES OR SAVINGS

83%

of workers with health care coverage would enroll in a voluntary benefits program without expecting their employer to pay for it

Source: Benefits Pro, Voluntary benefits: 3 key insights on purchasing behavior, 2017.

Take A Total Benefits Approach

Employees rely on you for more than wages – they rely on you for security. That’s what a total benefits approach can provide.

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Wages

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Medical insurance

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Health & wellness benefits

Accident insurance
Dental insurance
Hospital confinement
Indemnity insurance
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Income protection

Disability insurance
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Survivor benefits

Life insurance
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Catastrophic illness

Cancer insurance
Critical illness insurance

Many policies include a wellness benefit that helps pay for certain wellness screenings, such as mammograms, colonoscopies, cholesterol tests and more.

If you could add one benefit to your current package without adding cost, what would it be?

ACCIDENT INSURANCE

CANCER & CRITICAL ILLNESS INSURANCE

DENTAL INSURANCE

DISABILITY INSURANCE

HOSPITAL CONFINEMENT INDEMNITY INSURANCE

LIFE INSURANCE

It’s easy to build a coverage package that can help your employees be better prepared for life’s unexpected events. Talk with an Agent to learn more.

You choose the coverage

If you have fewer than 100 eligible employees, you can choose a minimum of two, but no more than four, Colonial Life products to offer your employees. These plans are available guaranteed issue, if certain criteria are met.

Choose two or more from these voluntary insurance plans:

  • Accident provides multiple coverage levels to help with expenses related to covered accidents. Also offers an optional sickness hospital confinement rider. Health questions are not required.
  • Individual Short-Term Disability allows you to tailor short-term disability plan options and provide on/off-job or off-job only accident and sickness coverage.**
  • Critical Illness 1.0 pays a lump-sum benefit upon diagnosis of a covered critical illness.
    – For enrollments through March 2017, guaranteed-issue face amount of up to $15,000 is available.
    – For enrollments beginning April 2017, guaranteed-issue face amount of up to $20,000 is available.
  • Whole Life provides guaranteed level premiums, guaranteed cash value accumulation and a guaranteed death benefit, as long as premiums are paid when due. Available for employees only. Spouse and eligible dependent child coverage is available with term riders.
  • Long-Term Care Benefit Rider – If you add this rider to Whole Life 1000, it will be included on a guaranteed-issue basis at initial enrollment, with all employees required to participate.
* The greater of three enrolled employees or 10% participation. Health questions may be asked for some individual products.
** Plan limits apply. See your Colonial Life representative for details.

Get In Touch Now

Have a question? Want to know more? Give us a call or setup an appointment. Our specialized agents are experts at creating bundle choices for your specific needs.