NEW OFFERING: COLONIAL LIFE VOLUNTARY BENEFITS
Highlights Colonial Life will be replacing the current • • Colonial Life will be replacing the current Humana Humana Voluntary Products Voluntary Products • No longer payroll deducted, however • No longer payroll deducted, however convenience of Bank Draft convenience of Bank Draft • Provides ability to keep these coverages even if you • Provides ability to keep these coverages change jobs or retire, at the same cost even if you change jobs or retire, at the same cost • Take advantage of this initial offering with high Guarantee Issue amounts, NO health questions • Take advantage of this initial offering with high Guarantee Issue amounts, NO health • No limit on claims and pays in addition to your health questions plan
Accident Insurance Colonial Life will be replacing the current • • Pays benefit to the insured in the event of an Humana Voluntary Products accidental injury No longer payroll deducted, however • • Helps off set out of pocket expenses such as convenience of Bank Draft Co-Pays and Deductibles • Provides ability to keep these coverages even if you change jobs or retire, at the • Can insure all members of your family same cost • Take advantage of this initial offering with • Guarantee Issue offering, No Health high Guarantee Issue amounts, NO health Questions questions
Critical Illness Insurance Colonial Life will be replacing the current • • Pays a lump sum benefit in the event of Heart Humana Voluntary Products Attack, Stroke, Cancer and 6 other conditions No longer payroll deducted, however • • Helps off set out of pocket expenses such as convenience of Bank Draft Co-Pays and Deductibles • Provides ability to keep these coverages even if you change jobs or retire, at the • Can insure all members of your family same cost • Take advantage of this initial offering with • $20,000 Guarantee Issue offering, No Health high Guarantee Issue amounts, NO health Questions questions
Whole Life Insurance Colonial Life will be replacing the current • • Permanent Life Insurance guaranteed for the Humana Voluntary Products life of the policy No longer payroll deducted, however • • Can purchase amounts from $5,000 to convenience of Bank Draft $100,000 • Provides ability to keep these coverages even if you change jobs or retire, at the same cost • $75,000 Guarantee Issue offering, No Health Questions • Take advantage of this initial offering with high Guarantee Issue amounts, NO health questions
Filing a Claim 3 Easy Ways: Colonial Life will be replacing the current • 1. For the quickest service, use our website Humana Voluntary Products ColonialLife.com. No longer payroll deducted, however • • Access claim forms and download/print policy information convenience of Bank Draft • Update your contact information • Provides ability to keep these coverages • Submit claim using our eClaims system even if you change jobs or retire, at the 2. Contact your local Colonial Life office & same cost Benefit Counselor. • Take advantage of this initial offering with 3. Paper Claims - download the form and high Guarantee Issue amounts, NO health follow the instructions, tips and videos questions
College Tuition Benefit • Earn Tuition Rewards that can be used to pay up to one years Colonial Life will be replacing the current • tuition at SAGE Scholar colleges. (Including local schools Humana Voluntary Products such as Benedictine, William Jewell, Avila and more) No longer payroll deducted, however • • You must speak to a Colonial Life Benefit Counselor to convenience of Bank Draft sign up!! No purchase of voluntary product required. • • Each employee receives 1,000 Tuition Rewards at Provides ability to keep these coverages enrollment. even if you change jobs or retire, at the • Each registered student receives 500 Tuition Rewards same cost in his or her name. • Take advantage of this initial offering with • Employee then receives 1,000 additional Rewards high Guarantee Issue amounts, NO health Points annually anniversary date chosen by the questions employer
College Tuition Benefit • Plan Illustration Colonial Life will be replacing the current • Humana Voluntary Products No longer payroll deducted, however • convenience of Bank Draft • Provides ability to keep these coverages even if you change jobs or retire, at the same cost Remember you must meet with a Colonial Life representative to enroll in the College Tuition Benefit • Take advantage of this initial offering with high Guarantee Issue amounts, NO health To view the list of SAGE Participating Schools please visit: https://www.collegetuitionbenefit.com/schools questions
Additional Information Colonial Life will be replacing the current • • Colonial Life will be reaching out to each Humana Voluntary Products location to schedule time to have a Certified Benefit Counselor on site No longer payroll deducted, however • convenience of Bank Draft • Additional communications materials will be • Provides ability to keep these coverages sent to each location for distribution even if you change jobs or retire, at the same cost • All current Humana coverage will be • Take advantage of this initial offering with grandfathered to the Colonial plans however high Guarantee Issue amounts, NO health each individual will need to re-enroll on the questions Colonial products
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