While many employees carry a basic term life plan, it may not be enough to provide the level of protection dependents need. As time goes on, families expand, expenses fluctuate — and financial responsibilities tend to grow. Unum offers a wide range of life insurance plans that can supplement your current coverage and offer more options to employees.
Our life insurance benefits allow you to offer needed life protection while also meeting your company’s goals. Whether you choose employee-paid, employer-paid or shared funding plans, your employees will appreciate the opportunity to enhance their coverage since many employees do not have access to life coverage outside of work.
Provides coverage during an employee’s working years with high benefit options and the ability to increase coverage at enrollment events. Employees can take the protection with them if they change jobs.
Offers coverage that lasts through retirement and premiums that do not increase. Whole life can accumulate cash value, which employees can borrow from or use toward a paid-up policy at age 70 (no additional premium payments). A second option allows employees to pay smaller premiums through age 120.
Also provides coverage that lasts through retirement. It offers flexible premiums and the ability to increase or decrease the benefit as employee needs change.
Group life coverage is underwritten by Unum Life Insurance Company of America, Portland, Maine
Individual life coverage is underwritten by Provident Life and Accident Insurance Company, Chattanooga, Tennessee
In New York, life coverage is underwritten by First Unum Life Insurance Company, New York, New York