Page 25 - Product Summary of Colonial Life_Neat

Accident Insurance
Flexible plan designs
Modern benefits
Strong guarantees
Competitive features
Comprehensive
family coverage
Accident insurance helps a benefits package
work harder.
Today’s medical plans, with their rising deductibles and co-pays, can leave workers
exposed to many of the costs of an accidental injury. Accident insurance helps a
benefits package go the distance, by providing employees money they can use to
help cover out-of-pocket costs resulting from a covered accident.
„ You can customize the plans you offer your employees:
– On/off-job or off-job only plan
– Three levels of base plan benefits: Basic, Preferred and Premier
„ You may also choose from four optional base benefits:
– Active Lifestyles, Gunshot Wound and two Wellbeing Assistance benefits
„ And you can allow employees to choose from five optional riders:
– Accident Disability, Accident/Sickness Disability, Critical Illness,
Sickness Hospital Confinement and Sickness Hospital Confinement with
Sickness Hospital Admission
In addition to important base plan benefits such as accident emergency treatment,
physician’s visits, hospital benefits and AD&D, modern benefits are available.
Examples include telemedicine, post-traumatic stress disorder treatment, medical
equipment and therapy.
„ Guaranteed issue — for businesses with three or more eligible employees and at least one
enrolled employee. Only the Accident/Sickness Disability rider includes health questions.
„ Base plan is guaranteed renewable for life as long as premiums are paid when due.
Disability riders are guaranteed renewable to age 75.
„ Fixed, level benefit amounts that are the same for employee, spouse or child
(except for Accidental Death benefits)
„ No coordination of coverage with other insurance
„ Compatible with health savings accounts
„ Not subject to Affordable Care Act market reforms
„ Employees can purchase coverage for themselves, spouse and/or dependent child.
Family coverage choices are also available.
„ All dependent children under age 26 are eligible.
IAC4000