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Workplace Benefits

Workplace Benefits Offer Helpful Insurance

Workplace benefits are an asset for employees and their families. Insurance benefits help pay for medical care, and provide programs that enhance the employee’s well-being. Many US employees decide which job to take based on its benefits. Long-term care, disability, accident, universal life, and critical illness insurances are often available. These benefits are a way to guarantee employees a healthier lifestyle and financial security.

Types of Insurance Benefits

Disability insurance

Disability provides income when an employee is unable to work due to an injury or illness. Short-term and long-term disability is available. Coverage replaces a portion of the employee’s income for a specific period.

Critical Illness/Cancer insurance

Critical illness or cancer insurance provides payment when an employee is diagnosed with a particular disease, such as cancer. The employee must be officially diagnosed before they can receive the benefit. The money can be used however the employee wants.

Long-Term Care insurance

Long-term care insurance helps pay for long-term care costs. A person can use this coverage even if they have Medicaid, Medicare or health insurance. This insurance helps pay when a person can’t perform at least six activities of daily living. These activities include walking, eating, bathing, and dressing.

Universal Life insurance

Universal life insurance is coverage that provides cash value buildup. The premiums are invested and the returns are available to the policyholder. The coverage also lasts as long as the premiums are paid.

Accident insurance

Accident insurance compensates for out-of-pocket costs following major accident injuries. Policyholders can pay for medical exams, hospital stays, and emergency room. Lodging and transportation needs related to medical treatment can be paid for as well.