Group Critical Illness
Having a Critical Illness policy may help you pay for expenses you could incur when diagnosed with a covered illness such as a heart attack, stroke, coma, major organ failure and possibly cancer.
In general, under a Group Critical Illness policy you can receive a lump-sum benefit payment upon diagnosis of the covered condition to use as you see fit. For example, if you elect to have a $10,000 policy amount and experience a stroke you could receive the full $10,000. This benefit can be used to help offset your income, pay for deductibles and copayments, apply towards your regular living expenses, or even pay for transportation so your loved ones can be with you.
In addition, the policy you elect can be used for each covered condition as long as the allowable period of time has been met between the diagnoses of each condition. Each condition is payable once per lifetime. Depending on your plan options, you may also add Cancer as an additional covered condition. Spouse and Dependent coverage is also available.
This policy also pays a $75 Wellness Benefit for each covered individual per year if a covered health screening is performed: blood tests, chest x-rays, stress tests, mammograms, colonoscopies. To claim your Wellness Benefit, please call Unum at 800-635-5597.
This is your policy, therefore coverage is portable. You can take this coverage with you if you leave or retire without having to answer health questions.
Please review the plan documents to see details on the coverage options available including a full list of covered conditions.
Whole Life with Long Term Care Benefit
An interest sensitive whole life policy is available for all eligible employees ages 15 to 80 who are actively at work. This policy accumulates a cash value at a guaranteed rate of 4%. You can borrow from the cash value or use it to buy a reduced policy with no more premiums due.
The premium for this policy is fixed and guaranteed for life. You are also able to purchase covferage for your spouse or term coverage for your children.
The policy includes an optional rider for Long Term Care coverage. This rider can be used to finance a LTC facility or assisted living facility.