Unum Accident Insurance can help your employees get back on their feet after an accidental injury. Our plans provide a lump-sum benefit to help them with expenses not covered by their medical insurance, such as co-pays, transportation costs and out-of-pocket fees.
One in four U.S. workers says their household has less than $1,000 in savings.1 Without significant money in the bank, an accidental injury could put your team members under significant financial strain.
We help your employees protect their finances and get back to work after an accident. Our Accident Insurance plans can pay a lump-sum benefit directly to your employees when they or covered family members experience a covered injury.
)
suffer an injury severe enough that emergency department treatment is needed, each year.2
)
is the average cost of an emergency room visit in 2016 (up more than 31% from 2012).3
)
would have enough savings to pay an unexpected expense of $1,000.4
1 EBRI, The 2017 Retirement Confidence Survey, 2017.
2 Office of Disease Prevention, 2020 LHI Topics-Injury and Violence, 2020.
3 Health Care Cost Institute, 2016 Healthcare Cost and Utilization Report, 2018.
4 Bankrate.com, Most Americans Don’t Have Enough Savings to Cover a $1K Emergency, 2018.
5 This benefit is not available in all states.
THESE POLICIES PROVIDE LIMITED BENEFITS
Insureds in some states must be covered by comprehensive health insurance before applying for Accident insurance.
The policy or its provisions may vary or be unavailable in some states. The policy has exclusions and limitations which may affect any benefits payable. See the actual policy or your benefits representative for specific provisions and details of availability.
Individual coverage is underwritten by Provident Life and Accident Insurance company, Chattanooga, Tennessee. Group coverage is underwritten by Unum Life Insurance Company of America, Portland, Maine or Unum Insurance Company, Portland, Maine. In New Jersey, individual coverage is underwritten by Unum Life Insurance Company of America, Portland, Maine or Provident Life and Casualty Insurance Company, New York, New York.
The base policy provides ACCIDENT insurance only. It does NOT provide basic hospital, basic medical or major medical insurance as defined by the New York State Department of Financial Services.
The expected benefit ratio for the individual accident policy is 50% percent. This ratio is the portion of future premiums that the company expects to return as benefits, when averaged over all people with this policy.
IMPORTANT NOTICE – THE BASE POLICY DOES NOT PROVIDE COVERAGE FOR SICKNESS.
