Term Life insurance is the least expensive form of life insurance coverage you can purchase. It provides life insurance for a stated period or term and is guaranteed renewable for subsequent term periods.
If you need additional term life protection for you and your eligible family members, think about USAble Life’s affordable Voluntary Group Term Life coverage. You select the benefit amounts to suit your specific situation, and premium payments are made through payroll deduction.
Voluntary Accidental Death & Dismemberment coverage provides protection in the event of an unexpected loss of accidental death or dismemberment. Protection is issued on a 24-hour basis for you and your eligible family members, and covers you as the result of a covered accident anywhere in the world.
If you need to insure your income, Voluntary Short Term Disability can help by providing partial income replacement when you experience disability due to a covered sickness, injury, or pregnancy. Benefits are paid to you weekly as long as you are insured under the plan, remain disabled, and under the regular care of a physician.
Voluntary Long Term Disability provides partial income replacement for you if you become disabled as the result of a covered sickness or injury.
Critical Illness coverage provides a lump-sum payment upon the first diagnosis of a covered critical illness. Covered critical illnesses include carcinoma-in-situ, heart attack, stroke, end-stage renal disease, major organ transplant surgery, quadriplegia, coronary artery bypass surgery, balloon angioplasty, stent or laser relief obstruction procedures, or cancer (may be purchased with or without). Benefits are paid directly to you over and above other insurance coverage.
Cancer insurance provides supplemental coverage when certain losses occur as the result of cancer or a covered specified disease. This coverage is available to you and your eligible family members with a choice of three plans. Benefits are paid directly to you regardless of other insurance coverage.
Accident insurance provides supplemental coverage for costs associated with covered accidental injury and death and allows you the option of tailoring coverage to fit your personal needs. You may also add your choice of optional disability riders: Accident Disability Rider (off-the-job only), 24-Hour Accident Disability Rider, and a Sickness Disability Rider. The policy is guaranteed renewable and can be paid by payroll deduction. All benefits are limited per covered accident (or covered sickness on the Sickness Disability Rider) and are paid directly to you.
A (Section 125) Cafeteria Plan allows you to pay for certain employer-sponsored benefits with pretax dollars. Some examples of coverage that may be eligible for pretax premiums include health, dental, cancer, hospital, and accident policies. In most cases, if the premiums are paid on a pretax basis, the benefits will be subject to income tax. Elections to pay for a benefit in pretax dollars under a Cafeteria Plan are generally required to be effective for a 12-month period. They may not be changed during that election period unless you have a change in status such as death, marriage, divorce, adoption, birth, or a change in your spouse’s employment status.