Whole Life Insurance with Long Term Care Provided by MetLife Even if you have employer paid life insurance, it may not be enough for you and your family’s needs. Whole Life provides the continued protection you need during and after your working years into retirement. It helps alleviate financial stress by paying for final expenses such as medical bills or a funeral, includes an 80% Accelerated Death Benefit for Long Term Care, and remains active even if you leave your job as long as you continue to pay the premium. It is coverage you own, and MetLife will never cancel your coverage, even if your health changes. Base rates are fixed from the time of purchase, and employees can enroll up to the Guaranteed Issue maximum with no medical questions during open enrollment or upon hire. Long Term Care Benefit The Whole Life Plan pays out a portion of your benefit in advance if you: • become temporarily or permanently chronically ill and are receiving qualified long term care services under a plan of care • are diagnosed with a terminal illness Accident Insurance Provided by Colonial Life Colonial Life’s Group Accident insurance helps fill some of the gaps in your deductible, coinsurance, and out-of-pocket costs if you or a covered family member is injured at home or at work – on the playground or on the road. Covered accidents include, but are not limited to, dislocations, fractures, burns, concussions, emergency dental work, and lacerations. Benefits are paid for the initial emergency treatment (ambulance, x-rays, and more), surgery and surgical care, transportation and lodging, hospital care (admission, confinement, and ICU) and follow-up care (physical therapy, pain management, appliances, etc.). An annual $100 wellness benefit per covered person is also included. Cancer Insurance Provided by Colonial Life Colonial Life’s Cancer/Specified Disease insurance provides cash benefits directly to you to help fill the gaps created by deductible, coinsurance, and other out-of-pocket living expenses that occur when undergoing treatment for cancer or a covered disease. Benefits include, but are not limited to, a $5,000 benefit for an initial diagnosis of internal cancer, benefits for expenses incurred for radiation and chemotherapy up to $10,000 per year, surgery benefits, hospitalization benefits, hospice benefits, and some treatments and procedures your group medical insurance may not cover. Included with new policies written for 2022 and later, COVID-19 is covered at 25% of the face value; all other named infectious diseases are covered at 50%. The plan includes an annual $100 wellness benefit per covered person. Voluntary Benefits Protect your financial wellbeing against unexpected or catastrophic healthcare costs.
