Assurant Employee Benefits Launches New Suite of Voluntary Benefits
KANSAS CITY, Mo., Aug. 26 /PRNewswire/ -- Assurant Employee Benefits now offers cancer, critical illness, accident and gap insurance as employee-paid, voluntary benefits. These products provide competitive benefits backed by Assurant Employee Benefits' commitment to customer service. Initially available in 16 states, these products will be introduced to additional markets throughout the year.
Currently, less than 35 percent of employers offer these types of voluntary benefits to employees, but the need for the coverage continues to grow. One in two American men and one in three women are at risk for developing cancer(1), and accident or illness will force 1 in 5 U.S. employees to miss work for at least a year before they turn 65(2).
Assurant Employee Benefits' goal is to make these coverage options accessible to more employers and their employees. Enrollment is easy and flexible, giving brokers and employers the ability to customize the sign-up process. In addition, a group plan offers guarantee issue with a minimum number of employees, making the enrollment process easy. And each policy comes with Assurant Employee Benefits' experienced and dedicated claims department to answer questions and guide claimants through the claims process.
"We know that traditional medical insurance doesn't cover everything that comes up in life, and that's why we're offering these voluntary products," says Tim Knott, senior vice president of strategic markets and product management. "Our product development team conducted extensive research to ensure these policies offer what people really need in these situations. We are committed to providing simple and reliable solutions to our customers as Assurant Employee Benefits strives to be a one-stop shop for all ancillary benefit needs."
Follow Assurant Employee Benefits news on Twitter @aebnews and by subscribing to our RSS feed in our media room at www.assurantemployeebenefits.com
About Assurant Employee Benefits
Assurant Employee Benefits specializes in quality employee benefits and services, including long-term and short-term disability, life insurance, voluntary benefits such as cancer, critical illness and accident, dental coverage, and disability reinsurance management services. Assurant Employee Benefits is the brand name for insurance products underwritten by Union Security Insurance Company and for prepaid dental products provided by an affiliated prepaid dental company. In New York, insurance products are underwritten and prepaid products are provided by Union Security Life Insurance Company of New York, which is licensed in New York and has its principal place of business in Syracuse, New York. Plans contain limitations, exclusions and restrictions. www.assurantemployeebenefits.com
Assurant Employee Benefits is part of Assurant is a premier provider of specialized insurance products and related services in North America and select worldwide markets. The four key businesses -- Assurant Solutions, Assurant Specialty Property, Assurant Health, and Assurant Employee Benefits -- partner with clients who are leaders in their industries and have built leadership positions in a number of specialty insurance market segments in the U.S. and select worldwide markets. The Assurant business units provide debt protection administration; credit-related insurance; warranties and service contracts; pre-funded funeral insurance; creditor-placed homeowners insurance; manufactured housing homeowners insurance; individual health and small employer group health insurance; group dental insurance; group disability insurance; and group life insurance.
Assurant, a Fortune 500 company and a member of the S&P 500, is traded on the New York Stock Exchange under the symbol AIZ. Assurant has more than $26 billion in assets and $8 billion in annual revenue. Assurant has approximately 14,500 employees worldwide and is headquartered in New York's financial district. www.assurant.com.
(1) American Cancer Society, www.cancer.org/cancer/cancerbasics
(2) Life and Health Insurance Foundation for Education, Nov 2005
SOURCE Assurant Employee Benefits