Unum is offering group accident coverage and an enhanced group critical illness product to employers and employees.
Accident insurance offers lump sum benefits for a broad range of accidental injuries, from sports-related to catastrophic events. Benefit levels vary according to the injury, and typically include benefits for emergency room treatment, hospitalization, ambulance, and follow-up treatment.
Unum’s group accident plan brings something new to the market: multiple benefit level choices, including the ability to tailor or eliminate up to 12 benefit amounts. This can help employers meet their health plan objectives and their employees’ needs.
Unum’s critical illness policy typically pays 100 percent of the benefit amount for 10 conditions such as heart attack, stroke, major organ transplant or failure, end-stage kidney failure, and permanent paralysis resulting from an accident. Coverage for children is included in all policies at no additional cost for conditions such as cleft lip or palate, Down syndrome and cystic fibrosis. Cancer coverage is available as well. As with the new accident plan, enhanced group critical illness coverage includes a wellness benefit.