Help employees prepare for the unexpected with accident insurance.
Life doesn鈥檛 always go according to plan. Accidental injuries happen, and they can have a big impact on the wallet. Accident insurance helps supplement key benefits by providing employees a lump-sum cash benefit1 after a covered accidental injury.
Who pays the insurance premium?
Employees pick up the entire cost of the premium with voluntary accident insurance. They choose who to cover and pay the premiums through payroll deduction.
What is accident insurance?
Accident insurance can help employees and their families be better prepared to handle expenses that pop up after an accidental injury. A lump-sum cash benefit1 is paid directly to the insured person after having a covered injury. This benefit provides cash that can be used however it鈥檚 needed.
Why offer group accident insurance?
Accident insurance helps your employees maintain financial wellness. The expenses that can result from unexpected injuries can often be overwhelming to your employees and their families. When they鈥檙e covered by accident insurance, they can breathe a sigh of relief that they鈥檙e better prepared financially just in case an accident happens.
How does group accident insurance work?
Our accident insurance is different, offering a simplified design that鈥檚 unlike many other accident coverages. It pays an up-front, lump-sum benefit based on covered injuries received鈥攔egardless of other coverages or actual expenses. It鈥檚 not dependent on services, tests, or treatments, so employees can get paid right away with less paperwork. And there鈥檚 no guesswork about the benefit amount.
The benefit can be used any way the employee chooses, such as medical deductibles and copayments, transportation, food and lodging, child care, lost income from missing work, home healthcare needs, and more.
What injuries are covered?
Accident insurance covers:
- Burns
- Comas
- Concussions
- Dental or eye injuries
- Dislocations
- Fractures
- Internal injuries
- Knee cartilage
- Ruptured disc
- Tendon/ligament/rotator cuff injuries
Key features of 海角社区group accident insurance
Our simplified product design includes these features:
- Simplified design, minimal paperwork, and quick claims
- Proof of good health is never required
- Employees can buy protection for their spouse and/or kids
- You can include an accidental death and dismemberment (AD&D) benefit, wellness, and portability
Build upon your benefits package.
Talk to your financial professional about offering group accident insurance. And, consider combining group accident insurance with other offerings for a more comprehensive benefits package.
Group life insurance
Your employees and their families all have different needs for life insurance. Our flexible products can be a nice fit.
Group critical illness2 insurance
Helps employees protect their financial security when diagnosed with a serious illness by providing them with a lump-sum cash benefit.
- Based on current federal income tax laws, if insurance premiums are paid with after-tax dollars, the benefits are received income-tax free.
- Specified disease in New York.
ACCIDENT INSURANCE PROVIDES LIMITED BENEFITS. This is an overview of the benefits accident insurance provides, but there are limitations and exclusions. For AZ residents, see Accident Limitations and Exclusions. For cost and coverage details, contact your 海角社区representative. Insurance issued by 海角社区Life Insurance Company庐, a member of the 海角社区Financial Group庐, Des Moines, IA 50392. Oregon policy GC 8000 (ACC) (0915) OR.
2988611-072023