Protect your employees.
Employees' needs are not all the same. Make a positive impact on their financial lives by offering a more complete benefits plan.
Consider this:
80%
of workers would keep a job with benefits rather than take one that offered more pay and no benefits.1
66%
of workers feel that benefits and perks are the largest determining factor in considering a job offer.2
6 out of 10
employers offer at least one voluntary benefit to their employees; the number increases for large employers with over 80% offering a voluntary product.3
23%
of employees who purchased voluntary benefits did so because they needed help with out-of-pocket medical costs.4
Coverage to meet each employee's needs
Give employees the freedom to choose the coverage that’s right for them.
Affordable
Voluntary benefits can be offered at no additional cost to you. Employees may purchase coverage at affordable rates.
Convenient
Payments are automatically deducted from an employee's paycheck. Benefits are paid directly to them, regardless of other coverage.
Protection
Voluntary employee benefits can help cover out-of-pocket costs related to a covered illness or injury.
Essential protection for your workforce.
As employees face the responsibility of funding their futures, help protect them from the financial impact of an injury, critical illness, hospitalization or loss of income.
Benefits at Work
Accident Expense
Pays benefits for injuries resulting from a covered accident.
How it works
Big or small, accidents happen and the costs related to recovery can add up. Accident Expense insurance provides specific cash benefits and may be used for expenses like copays and deductibles.
Consider this
The average health insurance deductible for single coverage for covered workers in plans with a deductible has increased 39% over the past five years, from $1,135 in 2013 to $1,573 in 2018.5
Advantages
- Helps cover out-of-pocket expenses
- Benefit paid directly to the employee
- Flexible plans to complement a variety of employer medical plans.
- Guaranteed issue – no medical exams or tests to take
- No deductibles, copays or coinsurance
- HSA friendly
Critical Illness
Pays an employee when diagnosed with a covered illness or procedure, helping offset the cost of care and providing the freedom to choose treatment options.
How it works
Pays an employee directly when they are diagnosed with a covered illness or procedure.
Watch VideoConsider this
2 of 3 Americans who file for bankruptcy cite medical issues as a key contributor.6
Advantages
- Helps cover out-of-pocket expenses
- Benefit paid directly to the employee
- Flexible plans to complement a variety of employer medical plans.
- Guaranteed issue – no medical exams or tests to qualify
- No deductibles, copays or coinsurance
- HSA friendly
Hospital Indemnity
Pays benefits starting at admission for each day of hospital confinement.
How it works
Even with major medical insurance, a hospital stay can lead to financial burdens. Assurity pays benefits starting at admission and for each day of hospital confinement. Benefits can be used to help pay for out-of-pocket costs related to these unexpected expenses.
Watch VideoConsider this
The average hospital stay is over 4.5 days and the average hospital bill is $11,259.7
Advantages
- Helps cover out-of-pocket expenses
- Benefit paid directly to the employee
- Flexible plans to complement a variety of employer medical plans.
- Guaranteed issue – no medical exams or tests to qualify
- No deductibles, copays or coinsurance
Disability Income
Provides short-term coverage to replace lost income due to an accident or sickness (sickness only policies available).
How it works
If an accident or sickness make work impossible, chances are the paychecks stop too. Disability insurance can help replace income (usually up to 60% of salary) and provide cash benefits for expenses that may not be fully covered by major medical insurance.
Watch VideoConsider this
Only 29% of Americans have enough emergency savings to cover at least six months of expenses.8
Advantages
- Helps replace income and maintain financial stability
- Keeps focus on recovery, not finances
- Benefits are paid directly to the employee
Term Life
Allows an employee's loved ones to remain financially secure after they die.
How it works
Affordable term coverage provides family and loved ones money to pay for childcare, college tuition, rent or mortgage, bridge retirement income gaps, and cover any final expenses.
Watch VideoConsider this
More than one-third (35 percent) of all households would feel adverse financial impacts within one month if a primary wage earner died.9
Advantages
- Group Whole Life coverage available
- Premiums won’t increase, even if health changes
- The policy’s death benefit will never decrease
Whole Life
Allows an employee's loved ones to remain financially secure after they die.
How it works
The family can use the money from life insurance to pay for childcare, college tuition, rent or mortgage, bridge retirement income gaps, and cover any final expenses.
Watch VideoConsider this
72% of Americans overestimate the true cost of a basic term life insurance policy.9
Advantages
- Death benefit amounts won't decrease10
- No medical exams -- guarantee-issue coverage up to $150,000 available11
- Planned level premium period options of 10-years, 20-years or To-Age-70
Essential protection for your workforce.
As employees face the responsibility of funding their futures, help protect them from the financial impact of an injury, critical illness, hospitalization or loss of income.
Benefits at Work
-
Accident Expense
Accident Expense
Pays benefits for injuries resulting from a covered accident.How it works
Big or small, accidents happen and the costs related to recovery can add up. Accident Expense insurance provides specific cash benefits and may be used for expenses like copays and deductibles.
Watch VideoConsider this
The average health insurance deductible for single coverage for covered workers in plans with a deductible has increased 39% over the past five years, from $1,135 in 2013 to $1,573 in 2018.5
Advantages
- Helps cover out-of-pocket expenses
- Benefit paid directly to the employee
- Flexible plans to complement a variety of employer medical plans.
- Guaranteed issue – no medical exams or tests to take
- No deductibles, copays or coinsurance
- HSA friendly
- Critical Illness
Critical Illness
Pays an employee when diagnosed with a covered illness or procedure, helping offset the cost of care and providing the freedom to choose treatment options.How it works
Pays an employee directly when they are diagnosed with a covered illness or procedure.
Watch VideoConsider this
2 of 3 Americans who file for bankruptcy cite medical issues as a key contributor.6
Advantages
- Helps cover out-of-pocket expenses
- Benefit paid directly to the employee
- Flexible plans to complement a variety of employer medical plans.
- Guaranteed issue – no medical exams or tests to qualify
- No deductibles, copays or coinsurance
- HSA friendly
- Hospital Indemnity
Hospital Indemnity
Pays benefits starting at admission for each day of hospital confinement.How it works
Even with major medical insurance, a hospital stay can lead to financial burdens. Assurity pays benefits starting at admission and for each day of hospital confinement. Benefits can be used to help pay for out-of-pocket costs related to these unexpected expenses.
Watch VideoConsider this
The average hospital stay is over 4.5 days and the average hospital bill is $11,259.7
Advantages
- Helps cover out-of-pocket expenses
- Benefit paid directly to the employee
- Flexible plans to complement a variety of employer medical plans.
- Guaranteed issue – no medical exams or tests to qualify
- No deductibles, copays or coinsurance
- Disability Income
Disability Income
Provides short-term coverage to replace lost income due to an accident or sickness (sickness only policies available).How it works
If an accident or sickness make work impossible, chances are the paychecks stop too. Disability insurance can help replace income (usually up to 60% of salary) and provide cash benefits for expenses that may not be fully covered by major medical insurance.
Watch VideoConsider this
Only 29% of Americans have enough emergency savings to cover at least six months of expenses.8
Advantages
- Helps replace income and maintain financial stability
- Keeps focus on recovery, not finances
- Benefits are paid directly to the employee
Already have Assurity?
Assurity works for employers
Choosing to offer voluntary benefits is a win-win situation for employers and employees—provided you’ve chosen the right carrier. Here are just a few reasons why you and your employees can count on Assurity.
Proven strength
With more than $2.6 billion in assets and a 130-year history, you can rely on Assurity to be there when you need us.
Valuable products
Affordable insurance protection for your employees that is easy to understand and to buy.
Personalized attention
We'll help educate your employees on benefit offerings. Dedicated case managers handle all billing and administration, and we pay more than 80% of claims within 10 business days.
Important Disclosure InformationNOT AVAILABLE IN NEW YORK.
These policies may contain reductions of benefits, limitations and exclusions. For costs and complete details of coverage, please contact Assurity or review the policy contract.
Group Accident Expense, Group Critical Illness, Group Hospital Indemnity and Group Short-Term Disability Income insurance provide limited benefit coverage and may contain reductions of benefits, limitations and exclusions. The description of benefits is intended only to highlight the insured employee’s benefits and should not be relied upon to fully determine coverage. If this description conflicts in any way with the terms of the policy/certificate, the terms of the policy/ certificate prevail. For complete benefits descriptions and conditions, see the policy/certificate.
Group Accident Expense, Group Critical Illness and Group Hospital Indemnity insurance are not a substitute for major medical insurance, may not be appropriate for Medicaid recipients, and do not satisfy the requirement for minimum essential coverage under the Affordable Care Act (ACA).
Circular 230 Disclosure: Any U.S. tax information contained in this communication is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code, or (ii) promoting, marketing or recommending to another party any matters addressed herein.
Policy/Certificate Form Nos. G H1708 and G H1708C, G H1715 and G H1715C, G H1730/G H1730C, G H1731/G H1731C, G H1808/G H1808C and Certificate Rider Form Nos. R G1709C, R G1710C, R G1711C and R G1712C; R G1716C, R G1717C, R G1718C, R G1719C, R G1720C and R G1721C; R G1809C, R G1814C, R G1810C, R G1811C, R G1812C and R G1813C; R G1722C; and R G1736C underwritten by Assurity Life Insurance Company, Lincoln, NE.
Assurity is a marketing name for the mutual holding company Assurity Group, Inc. and its subsidiaries. Those subsidiaries include but are not limited to: Assurity Life Insurance Company and Assurity Life Insurance Company of New York. Insurance products and services are offered by Assurity Life Insurance Company in all states except New York. In New York, insurance products and services are offered by Assurity Life Insurance Company of New York, Albany, New York. Product availability, features and rates may vary by state.
- Americans Favor Workplace Benefits 4 to 1 over Extra Salary: AICPA Survey, American Institute of CPA, 2018.
- Randstad US, 2018.
- Eastbridge Consulting Group, Inc., The Employer Viewpoint Spotlight Report, November 2018
- Lisa Greenwald and Paul Fronstin, “The State of Employee Benefits: Findings from the 2018 Health and Workplace Benefits Survey.” EBRI Issue Brief, no 470 (Employee Benefit Research Institute, January 10, 2019).
- Kaiser Family Foundation 2018 Employer Health Benefits Survey.
- American Journal of Public Health. 2019.
- Agency for Heathcare Research and Quality (AHRQ). Healthcare Cost and Utilization Project (HCUP), National (Nationwide) Inpatient Samples (NIS) 2006-2015 (all available data as of 11/20/2017)).
- The U.S. Economy May Be Booming, But Americans Aren't Saving, Bloomberg, 2018
- LIMRA 2023 Insurance Barometer Report
- If premiums are paid when due.
- Maximum guaranteed issue limits determined by issue age and group size (per issue guidelines).
- LIMRA, Facts About Life 2018.
