A strategic blend – voluntary benefits

A strategic blend

Benefit plans with voluntary employee-paid options

Voluntary benefits have become an important part of a broad benefits plan, offering employees the coverage they want to help protect their families without adding to an employer's budget.

According to LIMRA:[1]

  • Nearly 650,000 firms now sponsor one or more voluntary benefits.
  • Nearly 82 million U.S. workers have the opportunity to enroll in voluntary benefits.
  • Critical illness and supplemental medical insurance products showed the greatest growth.

Unum makes it simple to implement voluntary benefits.
Our solution

Simply Unum combines effective benefits education, simplified administration and a cost-effective way to offer a broad range of benefits choices. Learn more about how you can stretch your benefits budget, minimize administrative chores and meet the needs of a diverse workforce.

Benefits education and enrollment

Unum can educate and enroll employees in both core group and voluntary benefits — often with guaranteed or simplified underwriting for quick coverage.

Coordination with medical and dental

In most cases, Unum can enroll benefits purchased from other providers, including medical and dental plans, at the same time as our voluntary products.

Easy administration

Unum's web-based platform, Simply Unum, makes voluntary and group benefits easier and quicker to administer.
References:
1. LIMRA, "Research Briefings: Analyzing the Size and Potential of Voluntary Worksite Benefits," by Ron Neyer, CLU, CHFC, August 6, 2007. Note: All companies surveyed have 10 or more employees.