Supplemental Coverage
Supplemental insurance plans are in addition to other benefits you might have. They act as an added layer of protection for life’s most unexpected moments. Supplemental plans can help manage out-of-pocket expenses during an illness or hospital stay.
We offer several options for supplemental coverage, including:
Term Life
A term life policy is a contract between you and an insurance company for a defined period, typically between 10 and 30 years. During that term, you promise to pay a premium each month. In return, the company promises to pay a specific amount of money – a death benefit – if you pass away during the term. The premium for term insurance is initially lower than the premium for a comparable whole life insurance policy; however, the premiums can increase at each renewal. This initial lower premium usually makes term insurance an ideal choice for individuals with a temporary need for life insurance protection.
Fixed Indemnity Plans
Fixed indemnity insurance, helps take some of the worry out of budgeting for medical expenses by helping you pay for things like doctor office visits, prescriptions, and hospital stays even before you've met your main health insurance deductible. It pays a predetermined amount of money for any qualified medical services you receive regardless of other insurance payments. So, for example, if your plan specifies a $50 per day benefit for X-rays and you break your arm and have to get an X-ray, the plan pays $50.
Accident Coverage Plans
Accident Insurance pays cash benefits that help defend you against the high costs of all kinds of covered injuries, so when an injury does occur, you can focus on your recovery. This affordable coverage pays you or anyone you choose cash benefits for covered losses, in addition to any other insurance. You can even get your eligible dependents or eligible family members covered under a single policy.
Critical Illness/Cancer Plans
Critical illness insurance provides a benefit if you experience one or more of the following medical emergencies:
- Heart attack
- Stroke
- Organ transplants
- Cancer
- Coronary bypass
Critical illness insurance can pay for costs not covered by traditional insurance. The money can also be used for nonmedical costs related to the illness, including transportation, child care, and so on. Typically, the insured will receive a lump sum to cover those costs.
