Unum announced recently the launch of a critical illness (CI) product that will include additional opportunity to protect policyholders during a life-stage event.
The improved CI product covers a broader range of conditions than prior standard CI products, including infectious diseases, Parkinson’s, dementia, Alzheimer’s, multiple sclerosis, ALS, and more. Employees can sign up for a life-stage plan and would receive a lump sum when diagnosed with a covered condition. Josh Roland, principal and senior client executive at OneDigital Marietta, is confident the new CI product is leading the innovation charge, even going as far to say the addition of attained-age pricing places the product in the industry’s top 1% best CI contracts. Although other carriers offer some aspect of the product, none currently provide the combination, Josh explains in the article, “Unum Critical Illness Plan Offers Expanded Life-Stage Protection” published in Employee Benefit Adviser.
A few dollars saved per paycheck is not worth the pain of low value at claim time. It is a terrible thing to overpay for voluntary benefits, but it is an equally terrible thing to underpay for them. Many other carriers offer some of these policy provisions, but Unum combines them all into one super-contract, along with traditional coverage for heart attack, stroke, cancer, end-stage renal failure, organ transplant, paralysis, coma, blindness, etc.
— Josh Roland, Principal and Senior Client Executive, OneDigital Marietta
Incorporating innovative benefits products enhances your overall plan design and can have an impact on the growth of your organization. Contact your OneDigital consultant to make sure you have the right critical illness coverage for your company.