Voluntary Supplemental Insurance from Colonial Life
We provide voluntary supplemental insurance benefits from Colonial Life which gives employees and their families’ financial protection from whatever life throws at us.
Your employees can choose from a range of voluntary supplemental insurance packages, which can cover lost wages, out-of-pocket expenses and household bills.
The Colonial Life Difference
1-to-1 Benefits Counseling
Our trained benefits counselors will help educate your employees understand the value of the benefits you provide, as well as identify and fill coverage concerns in their personal and family benefits.
Personal Salary Illustrations
Personalized benefit statements are provided for your employees to give them a better understanding of the benefits you offer, and how their benefit choices will affect their paycheck.
Premium Only Plan
Complimentary administration set up of your Section 125/cafeteria plan through Ameriflex, which will allow for certain Colonial Life products to be offered on a pre-tax basis, helping save your business money.
Human Resources Website
Complimentary access to the popular HRAnswersNow® website, which includes a labor law library, state employment laws, and templates for job descriptions and performance reviews.
Health and wellness discount card
Available at no charge to employees. The Well Savings Card provides discounts on prescription drugs, medical and dental expenses, access to a telemedicine provider, medical bill consultation, plus cash awards and entertainment benefits.
Colonial Supplemental Insurance Products
Note: The premiums below are quoted for a 35-year-old male with an annual income of $36,000. See all products here.
Average cost: $10.57/week
Provides income replacement to help make ends meet, if you are unable to work due to a covered injury or sickness. This coverage helps you maintain your lifestyle.
On/Off job and world wide coverage
California offers up to 55% of your annual income when claim disability, Colonial Life will add on up to 40%
Policyholder will be paid regardless of any insurance they may have with other companies, when they file a claim.
Average cost: $5.92/week
Helps offset the unexpected medical expenses such as deductibles, co- payments, transportation and emergency room fees that can result from a fracture, dislocation or other covered accidental injury.
On/Off job and worldwide coverage
Different Levels: Basic, Preferred, and Premium
Health Screening Benefits - $50 per covered person per calendar year
Can provide you with benefits for a wide range of situations including Initial care, surgery, transportation and lodging, and follow-up care.
Average cost: $8.12/week
Helps offset the out-of-pocket medical and indirect expenses related to cancer which most medical plans may not cover (estimated to be 65% of the total cost of treatment).
Cancer insurance provides benefits for specified cancer screening tests and a wellness benefit that you can use every year
It can help pay for necessities such as Car at out-of-network specialty centers, home health care, experimental treatments, lost income, child care, travel, lodging and meals during treatment.
Critical Illness Insurance
Average cost: $5.92/week
This coverage complements your major medical coverage by providing a lump sum benefit you can use to help pay the direct and indirect costs related to a covered critical illness such as heart attack, stroke, renal failure, organ transplant and coronary artery surgery, which can be lengthy and expensive.
You may use this coverage more than once for both the same Specified Critical Illness and a different Specific Critical Illness.
Health Screening Benefits including 21 tests such as stress test on a bicycle or treadmill, echocardiogram, chest x-ray, and colonoscopy, to name a few.
Average cost of $4.44 per week
Life Insurance enables you to tailor coverage to your individual needs and help provide financial security for your family members. As your needs change over time, you can update your coverage to best-fit life changes.
Whole Life 1000 is an individual whole life insurance plan that offers a guaranteed level premium, guaranteed cash value and guaranteed death benefit. Coverage remains in force during the insured's entire lifetime (policy endows at age 100), provided premiums are paid as specified in the policy.
Term Life Insurance is an individual term life insurance plan that offers three term periods, level death benefits and guaranteed premiums, and is guaranteed renewable to age 95, convertible to age 75 and portable. It can be sold through payroll-deduction or individually.
Universal Life 1000 is an individual flexible premium, adjustable death benefit policy available for payroll-deduction and non-payroll sales. Coverage remains in-force for the life of the policy provided cash value is present.
Average cost: $8.82/week
Dental insurance policy provides the same benefit amounts with any dentist you choose and covers a variety of dental procedures, from routine cleanings to more advanced procedures such as crowns and root canals. Additional savings are available by visiting a network dentist.
It can be used at both out-of-network and in-network dentists
Colonial offers different levels of dental coverage based in needs
Coverage can include cleanings, fillings, sealants, tooth removal, crowns and dentures
You can also use the Well Savings Card to find local dentist and save additional on your treatments.
Hospital Confinement Indemnity Insurance
Average cost: $5.01/week
This policy provides a lump-sum benefit for a covered hospital confinement or a covered outpatient surgery to help with co-payments and deductibles that are not covered by most major medical plans.
Also known as our “Medical Bridge” Policy
Helps to insure employee’s deductible.